News

Information from the Statistics and Census Service (DSEC) indicated that total merchandise export for June 2018 amounted to MOP1.06 billion, up by 12.3% year-on-year; value of re-exports (MOP932 million) increased by 18.3%, with that of Articles for casino surging by 86.0%; meanwhile, value of domestic exports (MOP126 million) dropped by 18.5%, with that of Tobacco falling by 34.4%. Total merchandise import rose by 19.8% year-on-year to MOP7.26 billion, of which imports of Mobile phones, Beauty, cosmetic & skin-care products and Watches expanded by 83.1%, 37.8% and 33.9% respectively. Merchandise trade deficit in June amounted to MOP6.20 billion.
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In line with the policy of the SAR Government and the global trend of youth entrepreneurship, the Macao Franchise Expo 2018 (2018MFE) designated the third day of activities as the “Start-up Launchpad” Day, where successful entrepreneurs were invited to share their entrepreneurship experience, so as to allow those wishing either to start or develop their own business to learn from their experience. As one keynote speaker asserted, entrepreneurs should never give up. They need to make profits at the initial stage of entrepreneurship for their business to survive, while in the following stages they need to conduct regular analysis of different categories of data and characteristics of the market to decide an appropriate direction for future development.
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The non-mandatory central provident fund system (the System) was implemented on January 1 this year. So far, 78 employers have participated in the joint provident fund scheme. The Social Security Fund (abbreviated to FSS in Macao) held a ceremony today (July 30) to commend the employers who took the lead in joining the System for protecting and strengthening the retirement benefits of their employees. At the ceremony, 31 employer representatives from gambling enterprises, public utilities, social services and other large enterprises publicly expressed their support and intention to participate in the non-mandatory central provident fund system.
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Jointly organised by the Macao Trade and Investment Promotion Institute (IPIM) and the Department of Commerce of Guangdong Province, the Guangdong & Macao Branded Products Fair 2018 (2018 GMBPF), held for three consecutive days, ended today (29^th) and proved to be a resounding success. The atmosphere at various exhibition areas was very vibrant, with residents and visitors able to have fun shopping while exhibitors reported pleasing sales volume. During the three-day event, the number of visitors was pretty much the same as last year. To extend the effectiveness of the event, guided tours to local neighbourhoods for exhibitors were organised to boost community economies and benefit local SMEs.
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Consumer Council conducted its specific price survey on diapers, over-the-counter drugs, and milk powder on 30 July for the implementation of Section 2b), Article 10, Law 4/95/M of 12 June. Results of the mentioned survey has been uploaded to the Council’s website (www.consumer.gov.mo), it is also available on the Council’s “Posto das Informações de Preços em Macau” iPhone and Android apps, as well as on the Council’s WeChat account page.
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The Cultural Affairs Bureau (IC, from the Portuguese acronym) and the Macao Foundation jointly presented the ‘Macao Pavilion’ once again at the 28^th National Book Expo, which started on 19 July in Shenzhen. In this energetic city, the Macao Pavilion attracted a ceaseless flow of readers and exhibitors from other cities and provinces, introducing Macao’s cultural achievements through fine books and painting albums.
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The Macao Foundation and the Cultural Affairs Bureau (IC, from the Portuguese acronym) co-operate for the eighth consecutive year in setting up the “Macao Pavilion” at the “2018 Hong Kong Book Fair”, holding a joint exhibition with the Macao Polytechnic Institute and the bookshop Plaza Cultural Macau, Lda. In order to promote Macao’s diversified publishing culture, the organiser has displayed excellent works of over 20 local entities in the publishing sector. The growth in the number of entities showcases the diversity within Macao’s publishing industry and encourages the development of the local sector. The “Macao Pavilion” has attracted a good number of visitors, creating a lively environment.
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