News

The University of Macau (UM) held a UM Doctor honoris causa Lecture today (28 November). Thomas J. Sargent, recipient of the Doctor of Business Administration honoris causa from UM and the 2011 Nobel laureate in Economic Sciences, delivered a talk titled ‘Quantifying Redistribution and Insurance in U.S. Household Data’, where he shared his latest research findings. The lecture attracted a large and diverse audience.
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The University of Macau (UM) held a UM Doctor honoris causa Lecture today (28 November). Ze Zhang, recipient of the Doctor of Science honoris causa from UM and a leading scholar in crystal structure in materials science, delivered a talk titled ‘In-Situ Microstructure Study on Property Variation of Advanced Materials under Simulated Service Condition’, where he shared his research findings on the unique microstructures of quasicrystals and other functional nanomaterials, as well as their potential applications.
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The Macao Special Administrative Region (MSAR) Government is to donate HKD30 million, through the Macao Foundation, to support the Hong Kong Special Administrative Region (HKSAR) Government in its relief effort and subsequent reconstruction work after a massive fire affected Wang Fuk Court in the HKSAR’s Tai Po district.
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In order to further promote the environmentally friendly burial service in Macao, the Municipal Affairs Bureau (IAM) will launch the “registration of intention of environmentally friendly burial” service from 1 December to allow members of the public to plan their own intention to choose environmentally friendly burial in advance.
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According to statistics released today (28 November) by the Monetary Authority of Macao, funding costs of the banking sector in Macao generally fell in the third quarter of 2025.
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According to the statistics released today (28 November) by the Monetary Authority of Macao, the proportion of international business in the local banking sector remained stable at end-September 2025 when compared with end-June 2025. The share of international assets in total banking assets was 84.5% while the share of international liabilities in total banking liabilities stood at 81.3%.
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Information from the Statistics and Census Service (DSEC) indicated that Gross Value Added of all economic activities in the Macao Special Administrative Region (Macao SAR) expanded by 8.2% year-on-year in real terms to MOP384.54 billion in 2024 amid the further recovery of the local economy. Gross Value Added of the tertiary sector (i.e. service sector, such as wholesale & retail trade, restaurants & similar activities, financial activities and gaming) and the secondary sector (i.e. industrial production and construction) stood at MOP365.88 billion and MOP18.66 billion respectively.
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Information from the Statistics and Census Service (DSEC) indicated that total merchandise exports and imports amounted to MOP1.30 billion and MOP11.22 billion in October 2025, up by 7.9% and 0.7% year-on-year respectively. Merchandise trade deficit totalled MOP9.92 billion.
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According to the statistics released today (28 November) by the Monetary Authority of Macao, on 30 June 2025, investment of Macao residents (including individuals, the government and other legal entities but excluding Macao SAR’s foreign exchange reserves) in securities issued by unrelated non-residents reached MOP1,314.7 billion at current market value, representing increments of 9.2% and 12.1% when compared with end-2024 and end-June 2024 respectively. Among the various instruments of portfolio investment, the market values of equity securities (including mutual funds and investment trust units), long-term debt securities and short-term debt securities increased by 3.4%, 6.5% and 37.1% from end-2024 to MOP327.1 billion, MOP799.6 billion and MOP187.9 billion respectively.
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