News

The Guangzhou Fair is co-organised by Guangzhou Municipal Government and China Foreign Trade Centre. It has been a great success in the 17 years it has been held and has achieved numerous successful administrative contacts, economic and trade co-operation and significant cultural dialogues. In 2009, the exhibition area was 40,000 square metres. Nearly 2,000 booths, with participants from 35 Guangzhou international twinned cities and 19 domestic twinned cities attended. Delegations from the United Cities and Local Governments (UCLG) World Council Meetings and Guangzhou Twinned Cities Conference; 40 overseas countries and regions plus Mainland cities exhibited. It is estimated that the total amount of trade co-operation projects signed during the exhibition amounted to RMB 58.773 million; on-site contract projects RMB10.2 billion, which was a 29% increase over the previous year. Along with the greater range of international visitors, more specialist projects and a wider scope of marketing in the Guangzhou Fair, brand awareness has gradually increased, overseas and domestic popularity and influence has drastically expanded the scope and size of the exhibition, making it a crucial platform for trade co-operation and cultural exchange in Guangzhou. The 18th Guangzhou Fair 2010 will be held from 26-29 August in the Pazhou Complex of the Chinese Export Commodities Fair. The objective of the exhibition this year is to reinforce regional co-operation and is aimed at stimulating domestic demand and promoting the Asian Games. In accordance with the standard of the large- international exhibitions, the use of modern exhibition facilities, an excellent commercial network, well-equipped service system, and the launch of content-rich trade and cultural activities, all contribute to the development of trade negotiations and the creation more business opportunities in investment co-operation for exhibitors. Hopefully through the Guangzhou Fair, more collaboration will be carried out, plus more mutual benefit will be achieved. In response to the organisers invitation, IPIM will set up a “Macao Complex” during the exhibition, and introduce Macao’s current investment environment and services provided by our Institute, as well as “The 15th Macao International Trade and Investment Fair” from 21-24 October. Enterprises that are interested in developing new markets through exhibiting at the trade fair please fill in the exhibitor application form and return to IPIM by 16 July (Friday). For further enquiries and registration, please contact Mr. Chang on 87989267 during office hours, or visit the “Guangzhou Fair” official Website: www.gzfair.com.cn/asp/
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Information from the Statistics and Census Service (DSEC) indicated that the value of total merchandise export for May 2010 decreased by 9.2% year-on-year to MOP518 million, with value of domestic exports falling by 27.9% to MOP174 million, but that of re-exports rising by 4.6% to MOP343 million. The value of total merchandise import amounted to MOP3.42 billion, up by 20.1% year-on-year. A trade deficit of MOP2.91 billion was recorded for May 2010. In the first five months of 2010, total value of merchandise export fell by 7.6% year-on-year to MOP3.03 billion, of which the value of domestic exports declined by 34.8%, but that of re-exports expanded by 13.2%; meanwhile, total value of merchandise import grew by 19.3% to MOP16.79 billion. The trade deficit from January to May 2010 widened by 27.4% year-on-year to MOP13.76 billion; the exports/imports ratio went down by 5.3 percentage points year-on-year to 18.0%. Analyzed by destination of exports, value of merchandise export to Hong Kong in the first five months of 2010 increased by 21.8% year-on-year to MOP1.39 billion, while that to Mainland China (MOP482 million), the USA (MOP321 million) and the EU (MOP159 million) decreased by 2.6%, 54.8% and 48.6% respectively. Exports of Textile & garment amounted to MOP632 million, down substantially by 50.5% year-on-year to account for 20.8% of the total merchandise export; however, value of Non-textile exports (MOP2.40 billion) grew by 19.7%, with that of Copper & articles thereof and Jewellery rising notably by 121.9% and 101.5% respectively. Regarding the country of origin of imported goods, in the first five months of 2010, value of merchandise import from Mainland China (MOP5.18 billion) and the EU (MOP3.63 billion) expanded by 21.4% and 23.0% respectively year-on-year. The value of imports of Consumer goods rose by 39.4% year-on-year, with that of Motor cars & motorcycles growing significantly by 114.0%; nevertheless, the value of imports of Capital goods and Raw materials & semi-manufactures fell by 15.9% and 2.1% respectively. From January to May 2010, total value of merchandise import and export amounted to MOP19.83 billion, up by 14.2% compared with MOP17.36 billion in the first five months of 2009.
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2011 will mark the 30th anniversary of the University of Macau (UM). The new campus will bring about unprecedented opportunities for UM to better fulfill its educational missions. To celebrate these major milestones, UM has kicked off a fund-raising campaign whose slogan is, “Three decades, a fruitful journey; UM’s future, let’s build it in unity.” The slogan clearly conveys the purpose of the campaign: encouraging alumni, current students and their parents, staff, as well as members of the general public, organizations and enterprises that care about UM, to support the university’s development through donation. Every donation to UM—whether big or small—is a far-sighted investment in Macao’s higher education backed by a common goal: developing UM into a world-class university with regional characteristics. Today (28 June), UM launched the “Fund-raising for UM’s 30th Anniversary” campaign and held a press conference to disclose detailed information on fund-raising plans for the coming year. The launch ceremony was presided over by Chair of the University Council Dr. Tse Chi Wai, UM Rector Wei Zhao, President of the Executive Committee of the University of Macau Alumni Association (UMAA) Mr. Kot Man Kam, Chairman of the University of Macau (Hong Kong) Alumni Association Dr. Sidney Sze, Acting Director General of the Board of Directors of the University of Macau Students’ Union (UMSU) Mr. Pui Sin Tat, and Director General of the Board of Directors of the University of Macau Postgraduate Association Mr. Liu Weigang. In his speech, Rector Wei Zhao noted that practical support from alumni and society has been the common denominator that underpins the success of all top universities overseas. He pointed out that active donations from a university’s alumni and society reflects recognition of the university’s outstanding performance; indeed “alumni giving rate” has become an important indicator of a university’s reputation and quality. He said that next year will mark the 30th anniversary of UM; and the new campus will bring about unprecedented opportunities for UM to better fulfill its educational missions. He said UM launched the “fund-raising for 30th anniversary” campaign whose slogan is, “Three decades, a fruitful journey; UM’s future, let’s build it in unity,” with the aim of encouraging alumni, current students and their parents, staff, as well as members of the general public, organizations and enterprises that care about UM, to support the university’s development through donation. Rector Wei Zhao stressed that every donation to UM is a noble, far-sighted investment in Macao’s higher education. He noted that all donations will be used exclusively for the purpose of supporting the development of UM, and will play an extremely important role in enhancing the quality of the university’s research, teaching and students. Rector Wei Zhao said that the fund-raising campaign is aimed at fostering a culture of giving to higher education in Macao, adding that what matters is not the amount of a donation, but rather the act of donation per se. He said that with the support of society, UM will be able to obtain more financial resources to explore more educational areas to the benefit of the students and carry out more innovative, far-sighted projects, thereby moving closer and closer towards the goal of joining the ranks of world-class universities. President of the Executive Committee of UMAA Mr. Kot Man Kam said that the motherly support of the alma mater for the students does not cease after their graduation, but rather continues throughout a lifetime; therefore, every UM alumnus has a duty to make his or her share of contribution to support the future development of the alma mater. He said that every donation, whether big or small, will be of great importance for UM’s future development. He added that every donation to UM is a far-sighted investment in Macao’s higher education, which makes it more meaningful. He said UMAA will exert its best effort to encourage more alumni to support the alma mater’s long-term development. Acting Director General of the Board of Directors of UMSU Mr. Pui Sin Tat said that all UM alumni should take pride in the universally recognized achievements UM has attained over the past three decades since its inception. He noted that giving to UM is a far-sighted investment in Macao’s higher education, and the return on such investment will be immeasurable. He said that UMSU, along with 60-odd sub-organizations, will organize a campus-wide fund-raising activity, in order to cultivate a sense of gratitude in students and also foster a fine tradition of giving to the alma mater that will hopefully pass from one generation to the next. Everyone is welcome to make a donation and learn about the latest information on UMDF through its website http://www.umdf.org.mo. Other than this website, donations can also be made through bank account transfer (bank account name: University of Macau Development Foundation; bank name: Bank of China, Macau Branch; bank account number for donations in MOP: 01-01-20-822777; bank account number for donations in HKD: 01-11-23-875622), hand delivery, or contacting UMDF staff. For enquiries, please call 853-83974316 or 853-83974381 or email to info@umdf.org.mo.
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Information from the Statistics and Census Service (DSEC) indicated that the unemployment rate for March-May 2010 was 2.9%, down by 0.1 percentage point over the previous period (February-April 2010); the underemployment rate went up by 0.1 percentage point to 2.1%. Total labour force was 326,000 in March-May 2010 and the labour force participation rate stood at 71.5%, up by 0.4 percentage point from the previous period. The employed population increased by 2,400 over the previous period to 316,000, in which employment of Recreational, Cultural, Gaming & Other Services; Public Administration & Social Security; and the Transport, Storage & Communications Sector saw increase, while that of Retail Trade registered a decrease. Number of the unemployed held stable at 9,600, with 5.4% being fresh labour force entrants searching for their first job, up by 0.5 percentage point over the previous period. In comparison with March-May 2009, the labour force participation rate and the unemployment rate decreased by 1.1 and 0.6 percentage points respectively; however, the underemployment rate rose by 0.4 percentage point.
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The Identification Services Bureau met with persons who made the request for family reunion this afternoon. In the meeting, this bureau has reaffirmed that the SAR Government believes the issue of “Adult Children” has reached a reasonable and complete settlement. In pursuant to the stipulation of Article 22 of the Basic Law of the Macao SAR, Mainland residents entering Macao for residence is governed by the Central Government. Therefore, relatives of Macao residents in Mainland must lodge the application to relevant authorities in accordance with the existing requirements of Mainland.
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Information from the Statistics and Census Service indicated that the number of visitor and non-resident arrivals totalled 2,620,223 in May 2010. Total visitor arrivals surged by 31.8% year-on-year to 2,098,267 as visitor arrivals for May 2009 was adversely affected by the human swine influenza pandemic. Same-day visitors (1,107,475) accounted for 52.8% of the total visitor arrivals, with 601,908 coming from Mainland China. Analyzed by place of residence, visitors from Mainland China soared by 43.5% year-on-year to 1,135,430 (54.1% of total visitor arrivals), with 450,037 travelling to Macao under the Individual Visit Scheme, up notably by 42.4% from May 2009 (316,111). Visitors from Hong Kong (589,644); Taiwan, China (103,862) and Japan (36,778) rose by 20.5%, 6.0% and 39.5% respectively; besides, visitors from India (25,631) and the Republic of Korea (25,341) also registered remarkable increases. Visitor arrivals totalled 10,325,051 in the first five months of 2010, up by 15.8% year-on-year. The majority of visitors were from Mainland China (5,522,415); Hong Kong (3,011,058); Taiwan, China (545,949); Japan (169,149); Malaysia (145,786) and Republic of Korea (133,762). Same-day visitors accounted for 52.0% of the total visitor arrivals, at 5,364,492 in the first five months of 2010. Analyzed by mode of transport, visitor arrivals by sea totalled 4,252,348 in the first five months of 2010, up by 16.8% year-on-year. Visitors arriving at the Outer Harbour increased by 8.3% to 2,689,811, with the majority coming from Hong Kong (51.5%) and Mainland China (24.8%); meanwhile, those arriving at the Provisional Ferry Terminal in Taipa went up by 36.5% to 1,407,488. Visitor arrivals by land increased by 16.0% year-on-year to 5,366,185 in the first five months of 2010; those arriving through the Border Gate totalled 4,911,916 and the majority were visitors from Mainland China (78.8%) and Hong Kong (13.9%). Visitor arrivals by air rose by 9.6% year-on-year to 706,518 in the first five months of 2010. Visitors arriving at the Macao International Airport went up by 10.2% to 697,827, with the majority coming from Taiwan, China (36.4%); Mainland China (29.6%); and Malaysia (8.1%).
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The 15th Macao International Trade and Investment Fair (MIF) will be held from 21-24 October, 2010 (Thursday to Sunday) at the Venetian Macao-Resort-Hotel. The 15th MIF is organised by the Macao Trade and Investment Promotion Institute, co-organised by 4 government departments namely Macao Economic Services Bureau, Macao Government Tourist Office, Department of Foreign Trade and Economic Cooperation of Guangdong Province, and Chongqing Foreign Trade and Economic Relations Commission, and 10 chambers of commerce including Macao Chamber of Commerce, Industrial Association of Macau, Macau Importers and Exporters Association, Association of Knitting and Spinning Industry of Macao, Macau Shipper's Association, Macau Association of Banks, Macao Association of Building Contractors and Developers, The Small and Medium Enterprises Association of Macau, The Macau Chinese Enterprises Association and The Chinese Manufacturers’ Association of Hong Kong, partnered with the Permanent Secretariat for the Forum on Economic and Trade Co-operation Between China and Portuguese-speaking Countries (Macao), International Lusophone Markets Business Association and World Federation of Chinese Entrepreneurs Organization, and coordinated by the Macao Convention & Exhibition Association, Macao Fair & Trade Association, and the Association of Advertising Agents of Macao. After 14 years of continued development, MIF has already become one of the major annual international economic and trade events in Macao. Benefiting from the regional cooperative advantages of Macao and the close ties with Mainland China, Portuguese-speaking countries and the international market, MIF has functioned as a business platform which fosters collaboration and communication of international investment and trades, and explores business opportunities for SMEs. MIF is now an integrated exposition comprised of trade and investment exhibition, high rank political and economic forums, international business and trade conferences, business matching, international purchasing and professional presentation. Over the years, MIF has played an active role in promoting trade and investment of brands, economic co-operation and business information exchange in the region. Last year, MIF has attracted 288 trade and economic delegations from 61 countries with over 60,000 visitors. At the 14th MIF, a total of 1,032 sessions of business matching were conducted, and 60 letters of intent/memorandum/agreements were signed, amounting to approximately MOP 4.3 billion. During the 4-day event, more than 36 forums, conferences, seminars and presentations were held to exchange information and discuss business opportunities. Results were encouraging. This year, the 15th MIF takes the theme of “Cooperation – Key to Business Opportunities” with a view to showcase the diverse economic development and dynamic corporate environment of Macao to local and overseas participants. Positioning Macao as a bridge of economic cooperation and service platform, the 15th MIF aims at promoting regional collaboration by encouraging business cooperation and communication between Macao, China, Portuguese-speaking countries and the ASEAN. It also hopes to assist local and overseas enterprises (especially the SMEs) to broaden market network and explore new opportunities. New measures to promote collaboration
With an emphasis on the theme “Cooperation – Key of Business Opportunities”, the 15th MIF will launch a series of new measures to enhance its functions in recruiting trade visitors, enrich forum and conference content, and strengthen business matching. The measures are designed to reinforce the role of MIF as an investment platform and cultivate more cooperative opportunities. The previous measures were warmly received by local and overseas enterprises during the promotional campaign and drew tremendous attention. ■ Attracting investments with local and overseas projects: as an investment cooperation platform, the 15th MIF incorporates demonstrations of Macao investment projects to foster investment opportunities. The Hengqin New Area in Zhuhai and the Hainan International Tourist Island investment project are among the numerous presentations to attract investors at home and abroad by integrating project display. ■ Themed pavilions to present business opportunities: to facilitate business exchange and matching, the 15th MIF offers various themed pavilions for display and sales with additional themes and expanded scale. Exhibitors will be able to showcase products under specific themes, with unique enterprise image and centralized product display for better promotional effect at the spot. ■Improved “Single-trip, Multi-stop” service for better efficiency: the “Single-trip, Multi-stop” service of the 14th MIF was well-received by the participants and will be continued this year. Trade visitors are encouraged to attend fairs and exhibitions in the region, e.g. the China Import and Export Fair (Canton Fair), and to conduct investment inspection visits to Hengqin of Zhuhai. ■ Fashion shows to encourage contacts along the production chain: the 15th MIF invited relevant parties in Macao to co-organize fashion shows to showcase the dynamics of the fashion industry at home and abroad. Garment producers, brand agencies and designers/design institutes can exchange ideas and cooperate on this platform, which in turn foster contacts and communications along the production chain of the apparel industry.
■Better matching services to attract trade visitors: the 15th MIF puts emphasis on recruiting trade visitors in echo of the theme of “Cooperation – Key to Business Opportunities”. Trade Visitors Incentive Plan for merchandisers, specially-invited trade visitors and trade visitors of the thematic pavilions will be offered and it is expected to receive extensive attention from Macao and overseas visitors once launched. Better exhibition planning to facilitate communication Since the recruitment of exhibitors and trade visitors commenced, local and overseas trade and economic departments, investment promotion institutions, consulates, commerce departments and chambers of commerce have been organizing for exhibitions and the progress is satisfactory. ■ Extended scale and well-defined themes: this year, the scale and content of the MIF will both be upgraded. There will be around 1,200 booths with an exhibition area of approximately 30,000 sqm. The major pavilions will include China’s Provinces and Cities Pavilion, Portuguese-Speaking Countries Pavilion, EU Pavilion, Portugal Pavilion, Macao Pavilion, International Pavilion, Hengqin Investment Project Pavilion, Hainan Investment Project Pavilion, Cultural and Creative Industries Pavilion, Small Home Appliances Pavilion, Fashion Show Area, International Convention & Exhibition Pavilion, Enterprises Pavilion and International SME Exhibition, and more. To help SMEs look for new business opportunities, and subsequent to the two successful “SMEs International Business Days” held during the 13th and 14th MIF, the Organiser is expanding the “International SME Exhibition” and enriching its content by adding an array of thematic exhibition areas for this year dedicated to local and overseas SMEs, which will include Taiwan Fine Products Exhibition, Digital Imaging & Photography Equipment Display and Retail Pavilion, and Macao Enterprises Pavilion etc. The Organizer will take an active role in arranging chambers of commerce and enterprises to visit Macao and create rooms of development through the interaction of various network, products, service and technology at the Fair. ■Local and overseas projects on site to attract investment: with a view to enhance the comprehensiveness of investment opportunities for enterprises, the MIF this year will demonstrate cooperation projects in Macao to attract investment. Projects in other regions will also be featured, such as the Hengqin New Area in Zhuhai and the Hainan International Tourist Island investment project, facilitating the collaboration of investment and service industry in the region. Numerous forums and conferences to be held concurrently to promote co-operation Forums and conferences constitute a major feature of MIF. Every year, high ranking and far-sighted speakers make their presence at MIF to deliver talks on specialized subjects and exchange ideas. The forums and conferences planned for this year continue to include top-tier and effective topics with a number of forums focusing on new areas of investors’ concerns. The “International Trade and Investment Forum 2010” will invite high ranking government officials, top management of commercial chambers and business leaders to discuss regional trade and economic co-operation and strategy for industrial development, and “World Summit of Chinese Entrepreneurs” will serve as a platform for Chinese entrepreneurs all over the world and foster multi-regional cooperation. The additional themed forums and conferences are deemed to draw even greater attention of investors. The Organizer planned to co-organize forums on fostering the cooperation between Zhuhai and Macao with governmental departments of Zhuhai, shedding lights on the investment environment and various projects in Hengqin New Area. Meanwhile, forums and presentations on trade and investment cooperation organized by government departments, chambers of commerce and enterprises at home and abroad can also be found at the 15th MIF, which include “Cultural and Creative Industries Forum” and “Cross-Strait Forum on the Development of Printing Industry 2010”. Reinforce early-stage matching to facilitate business cooperation To encourage collaboration and exchange of exhibitors and visitors of the MIF, the Organizer will arrange for an array of business matching services for buyers’ discussion, investment projects and other specialized areas. With a view to enhance effective matching, the Organizer will put more emphasis on the early-stage preparations prior to the MIF and will pre-match the projects through our online business matching service platform, business matching facilitators will offer online services and match suitable businesses in advance. To provide highly efficient and appropriate matching, the Organizer also arranged for on on-site business matching in specialized area and delegations matching services to match with the online effort. A series of buyers’ session and professional presentations are also organized to facilitate more investment and business opportunities. Numerous privileges to SMEs exhibitors
Macao Trade and Investment Promotion Institute will continue to subsidize local SMEs by offering an array of privileges. 120 booths are already reserved for Macao enterprises in the “International SME Exhibition”. Special privilege for qualified SMEs include: With the 60% subsidies received from the Organiser, the participation charges that cost MOP9,000.00 originally, will be reduced to MOP3,600.00/9 sqm, 10% early bird discount to exhibitors who apply before 30 June, apart from the early bird discount, those who have exhibited at the 12th,13th MIF or 14th MIF, or MIECF or Guangdong Macao Fair or Zhejiang's China Time-honoured Brands and Zhejiang Macao Branded Products Fair 2010 or Macao Franchise Expo will be entitled to an additional 10% discount; non-Macao-resident trade visitor invited by the exhibitor will be entitled to hotel accommodation privileges; each exhibitor can broadcast promotional video for free in 12 “Macao Trade and Invest Kiosks” of the IPIM all over Macao. To encourage more SMEs in Macao to participate in MIF and explore business opportunities, the Organizer has adopted the principles of limited application and priority setting. The allocation of booths will be determined by the drawing of lots. (Please refer to the remarks for details) The Organizer will begin receiving applications for participation and exhibition subsidy for Macao enterprises in the “International SME Exhibition” from Wednesday 23rd June to Wednesday 7th July from 9:00 A.M. to 5:45 P.M. The applicant must apply in person at the 15th MIF Administrative and Service Centre in Macao Business Support Centre located in China Civil Plaza, 20th Floor, Alameda Dr. Carlos de Assumpção no. 263, by submitting the Application Form and the required documents. MIF provides a diverse range of exhibition services
MIF has spared no effort in providing a more comprehensive range of quality services to both local and overseas participants. This year’s MIF will continue to set up on-site service counters which offer travel, postal, telecommunications and on-site transportation services, in order to better facilitate both local and overseas trade visitors. The Organiser will ensure convenience and safety for participants by providing free shuttle buses and official hotels. The “MIF Administrative & Service Centre”, set up to provide a wide range of services to exhibitors and trade visitors at home and abroad at the preliminary stage of recruitment, is located at Macao Business Support Centre (MBSC), on 20th Floor of China Civil Plaza Building, Alameda Dr. Carlos D’Assumpcao no. 263, Macao. For further information about the 15th Macao International Trade and Investment Fair (MIF), please contact us at tel: 853-2882 8711, fax: 853-2882 8722, or visit our website at: www.mif.com.mo
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The Chief Executive, Mr Chui Sai On, met today with the Vice President of the Assembly of the Republic of Portugal, Dr Guilherme Silva and the Minister of Economy, Innovation and Development of Portugal, Dr José Vieira da Silva. After the meeting in Lisbon, the Chief of the Office of the Chief Executive and Spokesman of the Macao SAR Government, Mr Alexis Tam Chon Weng, told the press that Mr José Vieira da Silva updated Mr Chui and his delegation on the latest economic situation and development. Portugal has oil, wind and solar generated energy and Macao and Portugal would further study the feasibility of co-operation in the energy area, Mr Tam said. Both sides also reviewed Macao’s role as a service platform between China and the Portuguese-speaking nations. The China-Portuguese-speaking Countries Economic Co-operation Forum (Macao) Third Ministerial meeting would be held in Macao later this year and Mr Tam said, both parties would strengthen co-operation through such activities. The Chief Executive and his high ranking delegation continued on their seven days visit to Portugal with scheduled meetings with Prime Minister Mr José Socrates, the Minister of Education Ms Isabel Alçada, and the President of the Republic of Portugal Mr Aníbal Cavaco Silva.
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Information from the Statistics and Census Service indicated that the Composite CPI (104.06) for May 2010 increased by 2.76% year-on-year, attributable to the price increases of Food & Non-Alcoholic Beverages and Transport. Price indices of Transport; Miscellaneous Goods & Services; Clothing & Footwear and Food & Non-Alcoholic Beverages rose by 6.60%, 5.66%, 5.55% and 4.94% respectively, on account of dearer prices of unleaded gasoline; motor cars; gold jewellery; men’s and women’s clothing; fresh fish and seafood; and vegetables, as well as higher charges for meals bought away from home. On the contrary, apart from the 9.81% decrease of the price index of Education, lower charges for mobile phone services drove the price index of Communication down by 3.53%. The CPI-A (103.61) and CPI-B (104.24) for May 2010 increased by 2.15% and 2.97% year-on-year respectively. The Composite CPI for May 2010 increased by 0.37% month-to-month, of which the price indices of Clothing & Footwear; and Recreation & Culture rose by 3.16% and 0.96% respectively, attributable to rising price of men’s and women’s clothing and higher charges for outbound package tours. However, price indices of Transport and Communication fell by 1.52% and 0.14% respectively on account of lower prices of gasoline and mobile phone. The average Composite CPI for the first five months of 2010 increased by 1.97% year-on-year. For the 12 months ended May 2010, the average Composite CPI rose by 0.83% from the preceding period. The 2008/2009-based Composite CPI reflects the impact of price changes on the general population. The CPI-A relates to about 50% of the households, which have an average monthly expenditure of MOP6,000 to MOP18,999. The CPI-B relates to about 30% of the households, which have an average monthly expenditure of MOP19,000 to MOP34,999.
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The Chief Executive, Mr Chui Sai On, today (20 June) witnessed the signing of two agreements between Macao and Portugal organisations to promote Macanese cuisine in Europe. Mr Chui, on a seven-day official visit to Portugal, also attended Macau Government Tourist Office’s promotional activities in Lisbon. Tomorrow he is scheduled to meet the Vice-President of Assembly of the Republic of Portugal, Dr Guilherme Silva, and the Minister of Economy, Innovation and Development, Dr José Vieira da Silva.
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