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Macao agreement with General Administration of Customs to bolster rough-diamond trade regulation

Macao today signed an agreement with the General Administration of Customs of China regarding the latter’s support for implementing in Macao the Kimberley Process Certification Scheme.
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Nobel laureate gives talk at UM on pension design

Prof Peter A Diamond, a world-renowned economist and a recipient of the Nobel Prize in Economic Sciences 2010, visited the University of Macau (UM) and delivered a talk titled ‘Good Pension Design’. The event attracted a full-house audience, including UM faculty members, students, and guests.
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The Chief Executive, Mr Chui Sai On, meets with representatives of the Macau Economic Association and of the Macau Development Strategy Research Centre to garner their opinions and suggestions in preparation for the 2019 Policy Address.

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The Director of the Hong Kong and Macao Affairs Office of the State Council, Mr Zhang Xiaoming, visits facilities at the Macao boundary crossing area serving the Hong Kong-Zhuhai-Macao Bridge in the company of the Secretary for Security, Mr Wong Sio Chak. Mr Zhang was in Macao from 12 to 14 October for “Youth Forum on Jointly Building the Guangdong-Hong Kong-Macao Greater Bay Area” activities.

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The Director of the Hong Kong and Macao Affairs Office of the State Council, Mr Zhang Xiaoming, is briefed on the planning regarding a flood control system between Macao and the mainland, during a boat ride accompanied by the Secretary for Transport and Public Works, Mr Raimundo do Rosário. Mr Zhang was in Macao from 12 to 14 October for “Youth Forum on Jointly Building the Guangdong-Hong Kong-Macao Greater Bay Area” activities.

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The Director of the Hong Kong and Macao Affairs Office of the State Council, Mr Zhang Xiaoming, visits the Macao Young Entrepreneurs Incubation Centre, in the company of the Secretary for Economy and Finance, Mr Leong Vai Tac, and the Chairman of the Board of the Incubation Centre, Mr Chui Sai Peng. Mr Zhang was in Macao from 12 to 14 October for “Youth Forum on Jointly Building the Guangdong-Hong Kong-Macao Greater Bay Area” activities.

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The Director of the Hong Kong and Macao Affairs Office of the State Council, Mr Zhang Xiaoming, pays a visit to the University of Macau during his three-day tour in the city for “Youth Forum on Jointly Building the Guangdong-Hong Kong-Macao Greater Bay Area” activities. Accompanied by the Chair of the University Council, Mr Lam Kam Seng and the Rector, Mr Yonghua Song, Mr Zhang visits the State Key Laboratory of Quality Research in Chinese Medicine, the State Key Laboratory of Analog and Mixed-Signal VLSI and the State Key Laboratory of Internet of Things for Smart City.

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Tourist price index (TPI) for the 3rd quarter of 2018

Information from the Statistics and Census Service (DSEC) indicated that the Tourist Price Index (TPI) for the third quarter of 2018 increased by 0.90% year-on-year to 130.78. The increase was mainly attributable to rising charges for hotel accommodation and restaurant services, as well as dearer prices of local food products. Meanwhile, falling prices of handbags, clothing and jewellery tapered off part of the increase. Among the various sections of goods and services, notable rise was observed in the price indices of Accommodation (+5.57%) and Food, Alcoholic Beverages & Tobacco (+4.29%). On the other hand, price indices of Clothing & Footwear and Miscellaneous Goods decreased by 7.49% and 1.94% respectively year-on-year.
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Foreign exchange reserves and nominal effective exchange rate index for the pataca – September 2018

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP154.8 billion (USD19.20 billion) at the end of September 2018. The reserves decreased by 3.0% from the revised value of MOP159.5 billion (USD19.73 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-September 2018 represented 10 times the currency in circulation or 79.6% of pataca M2 at end-August 2018.
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“Mozambique-Fujian-Macao Trade and Investment Forum” to be Held on Thursday

The Mozambique-Fujian-Macao Trade and Investment Forum, one of the key activities of the 23rd Macao International Trade and Investment Fair (MIF), will be held at 3 p.m. on 18 October (Thursday) in the Sicily Room of the Venetian Macao. The Forum is jointly organised by Agency for Promotion of Investment and Exports of Mozambique (APIEX), the Department of Commerce of Fujian Province and the Macao Trade and Investment Promotion Institute (IPIM). Government officials and enterprise representatives from the three places will be presenting their latest investment opportunities. The Forum is open to all sectors.
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