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 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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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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