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Gross domestic product for the 4th quarter and the whole year of 2018
Information from the Statistics and Census Service indicated that Gross Domestic Product (GDP) expanded by 2.1% year-on-year in real terms in the fourth quarter of 2018, slightly higher than the 1.9% increase in the third quarter. Economic growth in the fourth quarter was mainly driven by exports of services. External demand maintained growth; exports of services went up by 5.2% year-on-year, with exports of gaming services and other tourism services rising by 6.7% and 1.4% respectively; exports of goods increased by 10.2%. Domestic demand remained sluggish, with investment plunging by 14.3% year-on-year; meanwhile, private consumption expenditure, government final consumption expenditure and imports of goods showed respective growth of 2.8%, 3.4% and 2.3%.
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Consumer Council released latest ‘Supermarket price survey’ Various functions available on website and app
Consumer Council conducted its ‘Supermarket price survey’ on 27 February for the implementation of Section 2b), Article 10, Law 4/95/M of 12 June. Surveyed locations included 10 supermarkets in Taipa and Coloane Parish. Consumers may now check the report data on the Council’s website (www.consumer.gov.mo) or the “Supermarket Price Information Platform” app.
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IPIM Holds Workshop to Enhance MICE Sector’s Bidding Success Rate
The Macao Trade and Investment Promotion Institute (IPIM) held the MICE Bidding Strategy Workshop today (27 Feb), which was participated by more than 50 representatives of Macao hotels, exhibitions and convention centres, professional congress organisers, destination management companies and MICE associations. Participants reported gratifying results of joining this workshop, which was able to lift the sector’s professionalism and capability in bidding for events.
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Applications for the Cultural Affairs Bureau’s “Academic Research Grants” open in March
The applications for the “Academic Research Grants”, launched by the Cultural Affairs Bureau (IC, from the Portuguese acronym), will be open from 1 March to 31 May 2019.
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Macao task group to coordinate SAR 20th anniversary celebrations
The Government has set up a cross-departmental task group to coordinate celebrations for the 20th anniversary of the establishment of the Macao Special Administrative Region (SAR).
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MICE statistics for the 4th quarter of 2018
Information from the Statistics and Census Service (DSEC) indicated that number of MICE events held in the fourth quarter of 2018 increased by 83 year-on-year to 461, comprising 429 meetings & conferences, 22 exhibitions and 10 incentives. Number of participants and attendees was 736,000, up by 5.8%. For the whole year of 2018, number of MICE events went up by 46 year-on-year to 1,427, including 1,342 meetings & conferences (+57), 60 exhibitions (+9) and 25 incentives (-20). Number of participants and attendees reached 2,122,000, up by 11.6% year-on-year.
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