News

Information from the Statistics and Census Service (DSEC) indicated that a total of 1,207 building units and parking spaces were purchased and sold in the first quarter of 2023 as per Stamp Duty record, and the total value of transactions was MOP6.93 billion, up by 14.8% and 17.5% respectively quarter-to-quarter. Purchase and sale of residential units increased by 199 quarter-to-quarter to 848 units, and the total value went up by 33.8% to MOP5.59 billion. Number of existing residential units transacted (843 units) grew by 33.8% and the transaction value (MOP5.57 billion) swelled by 37.2%. Moreover, transaction volume (5 units) and value (MOP 27 million) of pre-sale residential units declined by 73.7% and 78.2% respectively quarter-to-quarter.
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In order to celebrate the “World Telecommunication and Information Society Day” (WTISD) established by the International Telecommunication Union (ITU), the Macau Post and Telecommunications Bureau (CTT) held a celebration ceremony and thematic lectures at the Grand Ballroom, MGM Macau at 10:00 am on May 17^th. The Secretary for Transport and Public Works, Raimundo Arrais do Rosário, presided over the ceremony. The Director of CTT, Lau Wai Meng, gave a speech. The theme of WTISD this year is "Empowering the least developed countries through information and communication technologies", which aiming to accelerate sustainable development in the places where international assistance is needed the most and to tap the full potential of the Least Developed Countries helping them make progress on the road to prosperity, including to ensure everyone has the opportunity to access high-quality Internet.
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Information from the Statistics and Census Service (DSEC) indicated that total spending of visitors (excluding gaming expenses) surged by 127.1% year-on-year to MOP14.98 billion in the first quarter of 2023, driven by an uplift of 163.7% in the number of visitor arrivals. Total spending of overnight visitors (MOP12.34 billion) and same-day visitors (MOP2.64 billion) leapt by 131.5% and 108.7% year-on-year.
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The swimming pool of Tamagnini Barbosa Sports Centre has been temporarily closed with immediate effect until further notice due to the failure to meet the required water quality standards. A series of cleaning and disinfection works will be carried out to ensure the safety of the public. The Sports Bureau regrets any inconvenience caused by the temporary closure of the swimming pool and appreciate the public’s understanding.
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IFTM strives to design courses that are both theoretically sound and extremely hands-on not only to enrich their professional knowledge and learning experience, but also contribute to the development of local enterprises and entrepreneurs.
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To scientifically assess Macao students’ reading competency, study and formulate policies and measures to improve their reading ability, the Education and Youth Development Bureau (DSEDJ) invited over 5,000 Primary Four students from 58 schools in Macao to participate in the Progress in International Reading Literacy Study (PIRLS) 2021 organized by the International Association for the Evaluation of Educational Achievement (IEA). The PIRLS 2021 International Report, released on May 16, 2023, released on May 16, 2023, showed that Macao Primary Four students achieve reading performance similar to that in 2016 and their reading ability has been developing steadily.
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Tim Simpson, associate professor in the Department of Communication of the University of Macau (UM) Faculty of Social Sciences, has published a new book Betting on Macau: Casino Capitalism and China’s Consumer Revolution with the University of Minnesota Press. The book explores Macao’s recent transformation into the world’s most lucrative site of casino gaming and the city’s formative role in China’s own metamorphosis into the largest consumer society on the planet.

Prof Simpson’s book focuses on the past two decades of Macao’s social and economic development, during which the city became one of the world’s wealthiest territories. However, he locates his study of contemporary Macao within the city’s half a millennium of history as a Portuguese territory, and its crucial role in the emergence of global capitalism in the 16th century. This allows readers to understand Macao’s recent re-emergence on the global stage as a continuation of the city’s early economic function.
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Macao Government Tourism Office (MGTO) partners with Metro Radio Hong Kong and Metro Education plus to launch the activity “Explore Macao•Student experience”. About 60 high school students and teachers from Hong Kong were gathered for an educational trip in Macao. They visited various tourist attractions and the University of Macau. Under the guidance of a professional YouTuber team, they also learned how to create promotional videos about Macao on social media. The tour aimed to uncover the potential of educational tour products in Macao and encourage more Hong Kong schools to organize similar activities for “tourism + learning” in Macao to promote student tourism development.
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The University of Macau (UM) Asia-Pacific Academy of Economics and Management (APAEM) will hold the APAEM Demonstration Day cum Financial Innovation Symposium on Friday 19 May 2023. During the event, scholars in related fields will share their research findings on the latest developments and applications in Asian economics, financial innovation, and smart tourism. All are welcome.
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