News

Due to adverse weather conditions, the concert The Erhu Family, integrated in the 31^st Macao International Music Festival (MIMF), organized by the Cultural Affairs Bureau, originally scheduled on Sunday, 15 October, at 8pm, at the Macao Cultural Centre Small Auditorium, was cancelled. The Organization of the 31^st MIMF apologises for any inconvenience caused.
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To celebrate the Open Day of Government Headquarters of the MSAR, Macao Post and Telecommunications Bureau announces that a Temporary Post Counter will be set up in front of Government Headquarters, Avenida Doutor Stanley Ho, at 9H00 to 18H00 on 21st to 22nd October 2017 providing the commemorative postmark cancellation service for the “Open Day of Government Headquarters of the MSAR”.
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Information from the Statistics and Census Service (DSEC) indicated that the Tourist Price Index (TPI) for the third quarter of 2017 increased by 2.17% year-on-year to 129.61, attributable to dearer prices of local food products, rising taxi fares, and increasing charges for hotel accommodation and restaurant services. Among the various sections of goods and services, notable rise was observed in the price indices of Accommodation (+6.75%), Restaurant Services (+5.52%) and Entertainment & Cultural Activities (+5.13%). On the other hand, price indices of Clothing & Footwear and Miscellaneous Goods decreased by 3.75% and 2.82% respectively year-on-year, on account of reduced prices of men's outerclothing, handbags and jewellery.
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The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP157.9 billion (USD19.63 billion) at the end of September 2017. The reserves decreased by 1.0% from the revised value of MOP159.5 billion (USD19.79 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-September 2017 represented 11 times the currency in circulation or 88.3% of pataca M2 at end-August 2017.
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The “China-Portuguese Speaking Countries Cooperation and Development Fund Promotion Session” – the first publicity campaign of the China-Portuguese Speaking Countries Cooperation and Development Fund (referred to hereafter as “CPDFund”) since its settlement in Macao – was held on 12 October at Lotus Room, 5^th Floor, World Trade Center Macau with an attendance of over 120 participants from government departments, industry and commerce associations and the public. This Promotion Session has helped to deepen the understanding among the industrial and commercial sectors in Macao and the public on the CPDFund, promoted bilateral cooperation in investment between China and Portuguese-speaking countries (PSCs), and further implemented the series of measures of the Central Government to support the development of Macao.
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The “China-Portuguese Speaking Countries Cooperation and Development Fund Promotion Session” – the first publicity campaign of the China-Portuguese Speaking Countries Cooperation and Development Fund (referred to hereafter as “CPDFund”) since its settlement in Macao – was held on 12 October at Lotus Room, 5^th Floor, World Trade Center Macau with an attendance of over 120 participants from government departments, industry and commerce associations and the public. This Promotion Session has helped to deepen the understanding among the industrial and commercial sectors in Macao and the public on the CPDFund, promoted bilateral cooperation in investment between China and Portuguese-speaking countries (PSCs), and further implemented the series of measures of the Central Government to support the development of Macao.
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Consumer Council conducted its first ‘Supermarket price survey’ in October on 13 October for the implementation of Section 2b), Article 10, Law 4/95/M of 12 June. Surveyed locations included supermarkets near Areia Preta, Mong Há and Avenida de Venceslau de Morais in N. Sra. de Fátima Parish.
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Organized by the Cultural Affairs Bureau, the exhibition “Affection for Lotus – Exhibition of Painting and Calligraphy for the 100^th Birthday of Jao Tsung-I” was inaugurated on Thursday, 12 October, at 3:30pm, at the Jao Tsung-I Academy. The opening ceremony was officiated by the President of the Cultural Affairs Bureau of the Macao S.A.R. Government, Leung Hio Ming; the Assistant of the Deputy Director of the Department of Culture and Education of the Liaison Office of the Central People’s Government in the Macao S.A.R., Shao Bin; the Deputy Director of Jao Tsung-I Petite Ecole of the University of Hong Kong, Tang Wai-hung; and the member of Jao Tsung-I Petite Ecole Fan Club, Lao Ngai Leong, and was attended by the Vice President of the Cultural Affairs Bureau of the Macao S.A.R. Government, Chan Peng Fai; the Head of the Division of Research and Publications, Wong Man Fai; the Director of the Macao Museum of Art, Chan Kai Chon; and the renowned Macao sculptor, Wong Ka Long.
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Information from the Statistics and Census Service (DSEC) indicated that a total of 217 establishments were engaging in Real Estate Management Services in 2016, an increase of 8 year-on-year. Number of persons engaged rose by 5.4% to 5,217; among them, 62.0% (3,236) were property caretakers/doorkeepers. Receipts of the industry amounted to MOP 1.39 billion, up by 8.0% year-on-year. Expenditure increased by 9.5% to MOP 1.12 billion, of which Compensation of Employees (MOP 589 million) and Operating Expenses (MOP 417 million) rose by 14.3% and 2.1% respectively. Gross Value Added that measures the sectoral contribution to the economy grew by 10.2% year-on-year to MOP 850 million and Gross Surplus went up by 2.1% to MOP 260 million. Meanwhile, Gross Fixed Capital Formation tumbled by 94.3% year-on-year to MOP 13.08 million on account of a reduction in acquisition of properties.
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Information from the Statistics and Census Service (DSEC) indicated that inward direct investment flows increased by 31.9% year-on-year to MOP 11.81 billion in 2016 as some banks and gaming enterprises retained their profits for reinvestment. Analysed by industry, inflows of direct investment were recorded in Banks & Securities (MOP 4.91 billion), Insurance (MOP 3.59 billion) and Construction (MOP 2.58 billion); meanwhile, inflow in the Gaming sector rose from a negative value (- MOP 6.02 billion) in 2015 to MOP 616 million in 2016. Analysed by country/territory of usual residence of direct investors, inward direct investment flows came mainly from Hong Kong (MOP 9.06 billion), Mainland China (MOP 4.87 billion) and the British Virgin Islands (MOP 2.52 billion), whereas the Cayman Islands continued to record a negative inflow (- MOP 10.04 billion).
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