News

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According to data from the Statistics and Census Service, Macao hosted a total of 702 convention and exhibition events in the first half of 2024. This figure has nearly returned to the level of the same period in 2019, and the professionalism and internationalisation of the events have further increased, reflecting the continuous acceleration of Macao’s convention and exhibition (MICE) industry. The second half of the year (especially from September to November) will enter the traditional peak season for the MICE industry, and it is expected that the number of events will further increase, with an estimated 1,500 events to be held in Macao throughout 2024.
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Information from the Statistics and Census Service (DSEC) indicated that a total of 1,574 building units and parking spaces were purchased and sold in the second quarter of 2024 as per Stamp Duty record, and the total value of transactions was MOP9.31 billion, up by 63.1% and 95.6% respectively quarter-on-quarter. Purchase and sale of residential units increased by 453 quarter-on-quarter to 1,026 units, marking the second consecutive quarter of growth; the total transaction value leapt by 99.4% to MOP6.65 billion. Number of existing residential units transacted (890 units) hiked by 67.9% and the transaction value (MOP5.98 billion) swelled by 92.6%. Besides, transaction volume (136 units) and value (MOP670 million) of pre-sale residential units surged by 216.3% and 191.1% respectively quarter-on-quarter.
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The Monetary Authority of Macao announced today (16 August) that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP229.0 billion (USD28.46 billion) at the end of July 2024. The reserves decreased by 1.4% from the revised value of MOP232.3 billion (USD28.88 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-July 2024 represented 11 times the currency in circulation or 91.7% of pataca M2 at end-June 2024.
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The Faculty of Health Sciences (FHS) of the University of Macau (UM) organised the Health Sciences Summer Camp, which attracted nearly 70 senior secondary students from 34 schools in Macao. Through interactive learning, the camp allowed the participants to acquire the latest biomedical knowledge and research skills under the guidance of the faculty members and students in FHS, thus igniting their passion for scientific research.
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Organised by the Cultural Affairs Bureau (IC, from the Portuguese acronym), the 36^thMacao International Music Festival (MIMF) will be held from 4 October to 4 November.Tickets will be on sale simultaneously through the Macau Ticketing Network outlets, telephone and online booking from 10am on 18 August (Sunday).
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Number of MICE events in the first half of 2024 basically returned to the level in the first half of 2019
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Under the patronage of the Secretariat for Social Affairs and Culture of the Government of the Macao Special Administrative Region, organised by the Cultural Affairs Bureau (IC, from the Portuguese acronym) and co-organised and supported by various entities, the 1^st Macao International Children’s Arts Festival will present the closing performance Lu Duan, the first musical for children ever by the Palace Museum and the “MICAF Fun Day” arts carnival, both of which are not to be missed.
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The University of Macau (UM) today (15 August) held the Convocation and First Lecture of University for the 2024/2025 academic year, welcoming more than 5,300 new students as they embark on a new learning journey. Yonghua Song, rector of UM, said that the university has seen a significant improvement in its academic standing and international reputation in recent years, receiving recognition and praise from various sectors of the community. He looks forward to achieving more milestones with all UM members.
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