News

Consumer Council conducted its latest ‘Supermarket price survey’ in March on 21 March for the implementation of Section 2b), Article 10, Law 4/95/M of 12 June. Surveyed locations included supermarkets at Lam Mau, Patane and San Kio areas in Santo António Parish.
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The 49^thSession of Codex Committee on Food Additives (CCFA) commences in Macao today (March 21). Over 260 representatives from 50 member countries, 1 member organisation (European Union) and 32 international organisations participated in the session this year. It is the first time that the session is held in Macao since China has started serving as the host country of CCFA.
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As of the end of 2016, total assets of the Macao SAR Fiscal Reserve stood at MOP438.7 billion approximately, comprising MOP132.8 billion of Basic Reserve and MOP305.9 billion of Excess Reserve. Under an effective and prudent investment strategy, the Fiscal Reserve recorded a total investment income of MOP3.31 billion for 2016. The income represented an annual return of 0.8% in 2016, a slight increase compare to the 0.7% of 2015. The size of the Fiscal Reserve, nevertheless, grew 27% over the year.
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As of the end of 2016, total assets of the Macao SAR Fiscal Reserve stood at MOP438.7 billion approximately, comprising MOP132.8 billion of Basic Reserve and MOP305.9 billion of Excess Reserve. Under an effective and prudent investment strategy, the Fiscal Reserve recorded a total investment income of MOP3.31 billion for 2016. The income represented an annual return of 0.8% in 2016, a slight increase compare to the 0.7% of 2015. The size of the Fiscal Reserve, nevertheless, grew 27% over the year.
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For the implementation of Section 2b), Article 10, Law 4/95/M of 12 June, Consumer Council on 21 March collects prices of fresh pork from wet markets and supermarkets for consumers’ reference. The mentioned data collected during 15 March to 21 March are used for comparing the average selling price of the same products from Zhuhai. The relevant data has been uploaded to the Council’s website for consumers’ reference.
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The Consumer Council, together with Macao Government Tourism Office (DST), and Civic and Municipal Affairs Bureau (IACM), met with two associations of the food and beverage industry earlier to discuss about the services of local F&B industry, especially on enhancing the transparency of food price list. The associations agree with the suggestion given, and will disseminate the information to its members to abide by the laws to safeguard consumer rights.
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Information from the Statistics and Census Service (DSEC) indicated that the Composite CPI in February 2017 increased by 0.37% year-on-year to 108.79, driven by dearer charges for eating out, higher rentals for parking spaces, rising prices of gasoline and motor cars, as well as increases in tuition fees and out-patient service charges. The year-on-year growth in February 2017 eased significantly from January 2017 (+1.76%) since the Lunar New Year took place in February last year. This high base of comparison led to notable year-on-year decreases in package tour charges and vegetable prices, which are easily affected by seasonal factors; moreover, lower rentals for dwellings also contributed to the slowdown in growth.
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The University of Macau (UM) will confer a degree of Doctor of Letters honoris causaon the writer Jia Pingwa for his contributions to Chinese and world literature. The conferment ceremony will be held on Wednesday 22 March, starting at 4:00pm. Following the ceremony, Jia will give a Doctor honoris causa Lecture, titled ‘Contemporary Literary Writing in Chinese’, to share his thoughts on contemporary Chinese literature with UM faculty members, students, and members of the general public.
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The “Story of Cannon-Making – Children Experience Exhibition”, organised by the Macao Museum, under the auspices of the Cultural Affairs Bureau, will be inaugurated on Friday, 24^th March, at 6pm, in the lobby of the Macao Museum, and will be open to the public from 25^th March to 20^th August, on the 3^rd floor of the Macao Museum. In preparation for the opening of the exhibition, admittance will be allowed until 4pm on 24^th March.
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Information from the Statistics and Census Service (DSEC) indicated that, benefited from the Lunar New Year effects, more than half of the interviewed restaurants & similar establishments and retailers reported a year-on-year growth in receipts in January 2017, the highest proportion recorded since the survey was first conducted. Among the interviewed restaurants & similar establishments, 61% reported a year-on-year growth in receipts in January, a substantial increase of 27 percentage points from December 2016. The proportions of Chinese Restaurants (91%), Japanese & Korean Restaurants (50%) and Western Restaurants (65%) that recorded a year-on-year rise in receipts surged by 34, 31 and 30 percentage points respectively from December 2016. Meanwhile, 28% of the interviewed restaurants & similar establishments reported a year-on-year decline in receipts, down by 16 percentage points from December 2016, with the Chinese Restaurants, Western Restaurants and Japanese & Korean Restaurants decreasing by 25, 25 and 13 percentage points respectively.
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