News

Politburo Standing Committee member of CPC Central Committee and Premier, Mr Wen Jiabao, arrived in Macao today for the opening of the Third Ministerial Conference of the Forum for Economic and Trade Co-operation between China and the Portuguese-speaking Countries. Mr Wen arrived at the Macao International Airport about 9:30 am and was welcomed by Chief Executive, Mr Chui Sai On. Two children presented a bouquet to the Premier. Speaking to the press at the apron about his two-day visit, Mr Wen said he was thrilled with excitement for his first visit to Macao: he had had wanted to visit Macao for a long time. Mr Wen acknowledged the role of Macao as a platform to promote trade and co-operation between China and Portuguese-speaking Countries, and expressed the Central Government's concern and support for Macao. With the leadership of the Chief Executive and the Macao SAR Government, strict adherence to the principles of ‘One country, two systems’, ‘Macao people governing Macao’, a high degree of autonomy and the Basic Law of Macao, and the enthusiasm and creativity of the Macao people, Macao would even develop further in economic and social terms, Mr Wen said. Officials who greeted Premier Wen Jiabao at the airport in addition to the Chief Executive, Mr Chui Sai On, were the Vice Chairman of the Chinese People’s Political Consultative Conference, Mr Ho Hau Wah; the Director of the Liaison Office of the Central People's Government in the Macao SAR, Mr Bai Zhijian; the President of Legislative Assembly, Mr Lau Cheok Va; the President of the Court of Final Appeal, Mr Sam Hou Fai; the Secretary for Administration and Justice, Ms Florinda Chan; the Secretary for Economy and Finance, Mr Tam Pak Yuen; the Secretary for Security, Mr Cheong Kuoc Va; the Secretary for Social Affairs and Culture, Mr Cheong U; the Secretary for Transport and Public Works, Mr Lau Si Io; the Prosecutor General of Public Prosecutions Office, Mr Ho Chio Meng; the Commissioner General of Unitary Police Service, Mr José Proença Branco; the Director-General of Macao Customs Service, Mr Choi Lai Hang; the Commissioner of the Ministry of Foreign Affairs of the PRC in Macao SAR, Mr Lu Shumin; the Commander of the Chinese People's Liberation Army (PLA) Garrison in the Macao SAR, Senior Colonel Zhu Qingsheng; Vice Minister of Public Security, Mr Chen Zhimin; Vice Minister of Commerce, Mr Jiang Zengwei; Deputy Director of the Hong Kong and Macao Affairs Office of the State Council, Ms Hua Jian; Deputy Minister of the State Council Information Office, Mr Wang Zhongwei, and Deputy Directors of the Liaison Office of the Central People's Government in the Macao SAR, Mr Xu Ze and Ms Gao Yan. Members of Premier Wen’s delegation include the Minister of Commerce, Mr Chen Deming; the Director of the Hong Kong and Macao Affairs Office of the State Council, Mr Wang Guangya; the Director of Research Office of the State Council, Mr Xie Fuzhan; the Director of the Liaison Office of the Central People's Government in the Macao SAR, Mr Bai Zhijian; Vice Chairman of the National Development and Reform Commission, Mr Zhu Zhixin; Deputy Secretary-General of the State Council and the Director of the Premier's Office, Mr Qiu Xiaoxiong, and Vice Minister of Foreign Affairs, Ms Fu Ying.
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The Chinese and Portuguese editions of Macao Yearbook 2010, an annual publication compiled and edited by the Government Information Bureau (GCS) of the Macao SAR, will hit the shelf on 13 November 2010. The Macao Yearbook outlines major events, progress and changes made in the course of Macao’s political, economic, social and cultural development on a yearly and systematic basis. It provides detailed and up-to-date information for all who wish to study and understand the territory. The Macao Yearbook has been published since 2002, and it is available in three languages, namely Chinese, Portuguese and English. It is divided into five sections: Administrative Priorities of the MSAR Government; Calendar of Events; Review of the MSAR; Overview of the MSAR; and Appendices. The Chinese edition of Macao Yearbook 2010 comprises 573 pages in about 27 million words while the Portuguese version contains 705 pages. Both are enriched by some 148 photographs. Consisting of 16 chapters, the Overview of the MSAR presents information on the political and administrative system; legal and judicial system; external relations; economy; gaming industry; tourism; public order; education; culture and sport; health and social welfare; media, communications and information technology; land, infrastructure, housing and public utilities; transport; geography, environment and population; religion and customs; and history. Meanwhile in order to trace Macao’s changes in a visual manner, the GCS co-organised a photographic competition entitled “Precious Moments in Macao” with eight local photography organisations and four media groups in the first half of 2010. The Macao Yearbook 2010 has been enriched by 10 winning entries from the competition. The Macao Yearbook 2010, together with a complimentary CD-ROM containing the PDF version of the yearbook, can be purchased at the following places: major local bookstores, Government’s Public Information Centre at Rua do Campo, the Macao Post Office (Macao Post)’s Philatelic Division, Rua do Campo Branch, Outer Harbour Ferry Terminal Branch, Macau International Airport Branch, and Nova Taipa Branch starting from 13 November at 120 patacas per copy. The English edition of Macao Yearbook 2010 is in the process of printing, and will be available for sale in due course.
During the promotional period lasting until 31 March 2011, a 20-percent discount will be offered to any purchase of Macao Yearbook 2010.
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In order to provide a better understanding to more Macao residents on the application procedure and methods of the intangible cultural heritage in Macao, the Cultural Affairs Bureau (IC) will hold two briefing sessions this weekend (13th and 14th November). During the sessions, scholars specialized in protection of intangible cultural heritage from China will be invited to serve as speakers. Interested parties are welcome to attend.
With 450 hundred years’ history on cross-cultural communication between China and the West in addition to thousands of years’ of Chinese civilization behind, Macao features many distinctive, exceptional and multicultural intangible cultural heritages. These heritages are in need of our protection and efforts to pass down. In recent years, the public and the Government have been discussing at different levels on how to protect and pass down these fine traditions. In order to encourage local people, associations and institutions to submit their applications, and in order to provide them with a better knowledge of the procedure concerned, Macao Museum of IC has especially scheduled two briefing sessions, inviting two expert leaders from the national intangible heritage evaluation team – Mr. Qi Qingfu, a professor of Minzu University of China, and Mr. Wu Wenke, the director of the Quyi (Singing and Narrative Arts) Department at the Academy of Arts of China – to join the events. They will briefly explain to the public the protection policies of the United Nations Educational, Scientific and Cultural Organization (UNESCO) and of China. The briefing will be from a nation-wide angle to explore the cultural value of Macao’s national intangible heritage and to introduce the assessment criteria of the national intangible cultural heritage. There will be communication with the public to answer their questions concerning the application, offering effective information and tips for those who are interested in protecting the intangible cultural heritage in Macao and intended to submit their application.
The session concerning folk culture (festivals or others) will be held on November 13th (Saturday), from 3 pm till 5 pm, and another session concerning Quyi and performing arts on November 14th (Sunday), from 3 pm till 5 pm. Simultaneous interpretation from Mandarin to Cantonese, from Mandarin to Portuguese will be provided. Interested parties may contact Mr. Chan at 8394-1221 during office hours to register. Registration will be on first-come-first-served basis. Further information can be found at Macao Museum’s website www.macaumuseum.gov.mo.
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Information from the Statistics and Census Service indicated that Total Receipts and Total Expenditure of the Gaming Sector amounted to MOP 121.58 billion and MOP 63.32 billion, up by 9% each year-on-year. Moreover, Gross Value Added that measures the sectoral contribution to the economy rose by 7% to MOP 71.75 billion; Gross Fixed Capital Formation surged by 220% to MOP 2.95 billion on account of rising investment in gaming facilities. Total Receipts stood at MOP 121.58 billion in 2009, of which receipts from Gaming & Related Services (e.g. food & beverages, currency exchange, etc.) amounted to MOP 121.40 billion, up by 9% from 2008; besides, Interest Receipts also went up by 9% to MOP 176 million. Total Expenditure amounted to MOP 63.32 billion, with Purchase of Goods, Commission Paid and Customer Rebate increasing by 17% over 2008 to MOP 39.33 billion (62% of total); Operating Expenses (MOP 10.35 billion) was similar to that of 2008, while Compensation of Employees decreased by 5% to MOP 10.22 billion.
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Consumer Council released its November ‘Supermarket Price Survey Report’. Average prices of cooking oil and dairy products have both increased. Certain cooking oil brands recorded price increases of over 17 per cent. Average price of rice has also increased while beverage items and seasonings recorded a drop in prices. The Council conducted its latest price survey on 8th November, collecting price information of over 200 items in 14 local supermarkets. Prices of cooking oil recorded an increase after continuing to drop for several months. Out of 18 brands surveyed, 14 recorded price increases ranging from 5 per cent to over 17 per cent. Prices of dairy products also recorded price increase of less than 1 per cent to 11 per cent. Price rise was also observed in oral cleansing products, average price of ‘Colgate Total 12 Whitening Gel (160g)’ has increased almost 6 per cent since last month. Last month, only 70 kinds of products were found to have price rises, but 90 kinds of products recorded price rises in November. Half of the 22 beverage items surveyed showed decrease in average selling price while a total of 10 seasoning products recorded price drop. The Council will continue to check with the price trend in local market. The latest ‘Supermarket Price Survey Report’ is now accessible on the Council’s website (www.consumer.gov.mo) It is also available free of charge at the two offices of the Consumer Council, bookstores and libraries. Consumers may also access the resources online at the Council’s official website (http://www.consumer.gov.mo) or through WAP channels on their mobile phones.
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The International Conference on the Heritage Preservation and Urban Renewal, being part of the 2nd EU-Macao Co-operation Programme in the Legal Field, will take place from 9:30 to 17:30, on both 11 and 12 of November, in the Handover Gifts Museum of Macau, located at Avenida Xian Xing Hai, NAPE. It is organized by Institute of European Studies of Macau (IEEM) and by the International Law Bureau of the Macau SAR (GADI). Under the motto “Re-ordering of the Old Districts of Macau: Legal Framework and Sustainable Development”, this conference aims at providing a mutual platform for professional experts and scholars from Macau, the region and Europe to share their knowledge on urban renewal and its legal implications, as well as the best practices in the field, in order to incessantly contribute to a sustainable heritage preservation and urban renewal that is currently taking place in Macau. This initiative also intends to, especially taking into consideration the enlistment in 2005 of the "Macau Historic Centre" in UNESCO’s World Heritage list, enhance the role of old districts re-ordering in harmonization with the preservation of existing heritage infrastructure in place. This conference will focus on the following topics: I) Macau urban re-ordering: current status, planning and perspectives; II) Comparative regional experiences from Asia and European perspectives; III) Policy Rationale of Urban Renewal and Impacts on Society; IV) Legal and Social Framework for Re-ordering of Old Districts of Macau. This initiative will have eleven exchange sessions / discussions as well as experts coming from Mainland China, Macau, Hong Kong, England, Spain, Italy and Holland. The conference will be conducted in English, with simultaneous translation to Cantonese, and has about 100 participants enrolled. The 2nd EU-Macao Co-operation Programme in the Legal Field, which incorporates this conference, has the “Consolidation of the Macao Legal System” as its main objective and will extend until December 2012,. The total budget for the programme is 1.500.000 euros (approximately 16.500.000 patacas), being it co-financed by the European Union and the Macao Foundation, with the remaining costs being supported by the MSAR’s budget. The execution of the Co-operation Programme is coordinated by the International Law Bureau (GADI), with the participation of several other MSAR’s entities and public departments, namely, the Legal and Judicial Training Centre (CFJJ), the Legal Affairs Bureau (DSAJ), the Macau SAR Economic Services (DSE), the Financial Services Bureau (DSF) and the Institute of European Studies of Macau (IEEM).
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Information from the Statistics and Census Service (DSEC) indicated that the population of Macao was estimated at 549,500 as at 30 September 2010, up by 4,900 from end-June, attributable to the increase in Mainland immigrants and non-resident workers. In the third quarter of 2010, there were 1,381 live births, up by 23.1% quarter-to-quarter. Gender ratio of the newborn was 103.7, with 703 male babies. Number of mortality cases totalled 417 and the major underlying causes of death were Neoplasms and Diseases of the Circulatory System. Meanwhile, 3 cases of fetal mortality were recorded. There were 1,474 cases of Notifiable diseases reported in this quarter, consisting mainly of Influenza (825 cases), Enterovirus Infection (205 cases) and Chickenpox (174 cases). In addition, 707 cases of marriage registration were recorded, down by 1.4% over the second quarter of 2010. In the third quarter of 2010, there were 2,845 Chinese immigrants with One-way Exit Permit moving to Macao, an increase of 836 quarter-to-quarter; meanwhile, 365 illegal immigrants were repatriated. Moreover, a total of 937 individuals were authorized to reside in Macao, up by 90 quarter-to-quarter. Total number of non-resident workers stood at 74,525 at the end of the third quarter, up by 2,383 quarter-to-quarter.
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The Macau Government Tourist Office is exhibiting once again at London’s World Travel Market which opened yesterday (8th November), to showcase the exciting developments that have taken place in Macau in 2010 and others in the pipeline, to encourage increased tourism to the destination from the UK and around the world. Held at London’s ExCel exhibition venue from 8th to 11th November, World Travel Market is one of the global events for the travel industry. Staged annually in London, WTM is a four day business to business event, showcasing destinations and travel suppliers from around the world to industry buyers and media. It is a unique opportunity for the travel trade to meet, network, negotiate and conduct business under one roof and to keep abreast of the latest developments within the industry. The 2009 show played host to an amazing 45,571 travel industry professionals from every corner of the globe. The 25.5m² MGTO booth is located within the Asia section. Representatives for the MGTO include: Deputy Director, Maria Helena de Senna Fernandes and MGTO’s UK representative Sue Whitehead, among others. The MGTO hosted an on-stand lunch reception on 8th November for travel trade and media guests. The event provided a great networking opportunity for travel trade professionals and members of the press to learn more about Macau in an informal environment, with a selection of Chinese and Portuguese food. Deputy Director, Maria Helena de Senna Fernandes says, “For Macau to be an international destination, it is essential to maintain a diverse market structure. World Travel Market, as a leading travel fair in the world, is a perfect platform for Macau to increase its exposure on a global perspective and attract more visitors from the UK as well as other long haul markets. It also gives us an opportunity to forge direct contact and relationships with the travel trade in the region.” The MGTO is unveiling a new “How To Sell Macau” guide at WTM 2010. With so much interest and excitement about Macau moving into 2011, the MGTO has produced a new guide in association with the Travel Trade Gazette to help the UK trade capitalise upon it. UK agents will be encouraged to visit the stand throughout the show to find out what puts the wow into Macau. 2010’s World Travel Market is set to be a rewarding and exciting show for Macau, showcasing the best of the destination on a truly global platform.
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According to statistics released today by the Monetary Authority of Macao, on a monthly basis, money supply M2 continued to grow in September. As deposits grew at a faster pace than loans, the loan-to-deposit ratio dropped slightly from a month earlier.
Money supply
Currency in circulation grew 3.4% whereas demand deposits dropped 2.6%. M1 thus decreased 1.7% when compared with the previous month. Meanwhile, as quasi-monetary liabilities rose 3.7%, M2 grew at a faster pace of 2.9%, amounting to MOP237.0 billion. On an annual basis, M1 and M2 rose 18.8% and 13.7% respectively. The share of Pataca (MOP) in M2 stood at 28.5%, down 0.2 percentage points over a month ago or up 0.3 percentage points from a year earlier. Concurrently, the share of Hong Kong Dollar (HKD) in M2 was 54.6%, up 0.7 percentage points month-to-month or 1.2 percentage points year-on-year.
Deposits
Resident deposits grew at a faster pace when compared with the preceding month. The value increased 2.8% from the previous month to MOP231.5 billion. Of which, MOP deposits and HKD deposits increased at respective rates of 2.2% and 4.1%, while other foreign currency deposits dropped slightly by 0.2%. Concurrently, non-resident deposits grew 2.1% to MOP72.9 billion and public sector deposits with the banking sector increased 0.9% to MOP20.2 billion. As a result, total deposits with the banking sector grew 2.5% from the previous month to MOP324.7 billion. The shares of MOP and HKD in total deposits were 24.1% and 46.5% respectively.
Loans
Domestic loans to the private sector grew 2.4% in September to MOP119.6 billion. Among which, MOP36.6 billion was MOP-denominated and MOP74.1 billion was denominated in HKD, representing 30.6% and 62.0% of the total respectively. Loans to “gaming” and “restaurants, hotels and similar” increased quarter-to-quarter at respective rates of 72.1% and 31.5% whereas those to “transport, warehouse and communications” dropped 8.5%. Meanwhile, external loans increased 2.3% to MOP113.3 billion; of which, loans denominated in MOP and HKD accounted for 0.7% (MOP0.7 billion) and 41.4% (MOP46.9 billion) respectively.
Loan-to-deposit ratios
As resident deposits (including public sector deposits) rose at a faster pace than domestic loans to the private sector, the loan-to-deposit ratio for the resident sector at end-September 2010 dropped slightly by 0.1 percentage point month-to-month to 47.5%. The ratio for both the resident and non-resident sectors stood at 71.7%, down simultaneously by 0.1 percentage point from the previous month.
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The Institute for Tourism Studies’ Bachelor Degree Programme design emphasise the balance between theory and practice. Students are required to complete certain hours of practical tasks related to their majors every year. One of the tasks given to the Tourism Business Management students is to provide free guided tour to tourists and local residents. The activity, with the theme of “Tour around Macao with IFT students”, is organised by year two students of Tourism Business Management Degree Programme. With the assistance from the instructors, four different itineraries have been designed and each lasts about one hour and thirty minutes. This free guided tour service will be provided to all tourists and local residents on Saturday and Sunday, from 13 – 21 November. The main objectives of the activity: I. It allows the students to put what they have learnt about tourism into practice. The whole project, from itinerary design to time control to the actual tour guiding, is planned by the students themselves with assistance from instructors. By coordinating the activity, their communication skills can also be enhanced. II. To promote Macao to the visitors by offering the free guiding service at the city centre and tourist attractions. Residents will also be made aware of the importance of tourism to Macao. The Institute For Tourism Studies is the only public higher education institution in Macao that provides training for tourism and service industry. It endeavours to promote Macao through various activities and to leave a good image to everyone who visits the place.
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