News

Information from the Statistics and Census Service (DSEC) indicated that the Composite CPI in December 2017 rose by 2.04% year-on-year to 111.08, the highest increase in 2017 and the largest growth since July 2016. The inflation rate for 2017 was 1.23%, down further from 2.37% in 2016.
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Rose Lai Neng, a professor of finance and the associate dean (research and development) of the Faculty of Business Administration, University of Macau (UM), recently received the 2017 Edwin S Mills Real Estate Economics Best Paper Award, for her paper titled ‘US House Prices over the Last 30 Years: Bubbles, Regime Shifts and Market (In) Efficiency’, which was co-authored with Prof Robert Van Order from George Washington University.
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To be in line with the idea of “one-stop service” of the Special Administrative Region Government, the Identification Services Bureau (DSI) has set up service counter and self-service kiosk at the Government Services Centre in Areia Preta since 2009 and continuously increases service items. Starting from today, DSI’s counter on the second floor in the above-mentioned location provides application service for all kinds of certificatein the area of identification, and self-service for the application for the Certificate of Personal Data is also added to the self-service area.
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Gaming revenue in 2018 was likely to grow at a steady pace throughout the year, said today the Secretary for Economy and Finance, Mr Leong Vai Tac.
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To promote the use and development of green energy in Macao, the Department of Electrical and Computer Engineering under the University of Macau (UM) Faculty of Science and Technology (FST) and UM’s Energy Section have installed a 2.9kW grid-connected PV system on the rooftop of the FST building (E11), which converts solar energy into electricity. Since the system became fully operational. UM has been selling electricity to the Companhia de Electricidade de Macau (CEM) by supplying to the utility electricity distribution network.
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Information from the Statistics and Census Service (DSEC) indicated that 36% of the interviewed restaurants & similar establishments registered a year-on-year rise in receipts in November 2017, down by 6 percentage points from October. The corresponding proportions of Japanese & Korean Restaurants (25%) and Chinese Restaurants (46%) went down by 19 and 9 percentage points respectively, while the share of Local Style Cafes, Congee & Noodle Shops (37%) went up by 4 percentage points. On the other hand, the share of the interviewed establishments recording a year-on-year decline in receipts increased by 4 percentage points over October to 36%. The corresponding proportions of Western Restaurants (65%) and Chinese Restaurants (34%) grew by 25 and 11 percentage points respectively.
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The Macao Orchestra (OM, from the Portuguese acronym), under the auspices of the Cultural Affairs Bureau, presents the chamber music for brass and woodwind “Listen to Winds” on Friday, 26 January, at 8pm, at the Dom Pedro V Theatre, offering a concert that fuses jazz and classical music. Tickets are now available at the Macau Ticketing Network. In tandem with this concert season’s theme “Along with the Musical Joy”, the sharing session “Music Hour with Musicians” will be held specially before the concert, featuring OM’s Principal Oboe Kai Sai and Principal Flute Weng Sibei, who will share the structure and characteristics of the musical pieces OM is presenting with the participants. All music aficionados are welcome to share and exchange views with the musicians.
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For the social security system, January is the contribution month for the fourth quarter of 2017. The Social Security Fund (abbreviated to FSS in Macao) reminds all employers that they must pay contributions for their local long-term employees on or before 31^st January. If they also have a non-resident worker, they must pay the employment fee for him/her as well. As the flow of people at the service point will increase nearing the end of the month, employers should make their payment as early as possible in order to avoid the peak period at the end of the month, and they should try to make use of a variety of electronic payment options so as to avoid the inconvenience of waiting in line. As of 17^th January, a total of 12,589 employers have already made obligatory system contributions for their employees, accounting for 60% of the number of employers who need to pay contributions.
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