News

The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP209.8 billion (USD26.23 billion) at the end of June 2021. The reserves increased by 0.4% from the revised value of MOP208.8 billion (USD26.12 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-June 2021 represented 11 times the currency in circulation or 85.3% of pataca M2 at end-May 2021.
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The Macao Special Administrative Region (MSAR) Government resolutely supports the Electoral Affairs Commission for the Legislative Assembly Election in refusing – in line with requirements under the Legislative Assembly Election Law – five candidate lists involving 20 individuals, from taking part in the upcoming election.
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Information from the Statistics and Census Service (DSEC) indicated that the Tourist Price Index (TPI) for the second quarter of 2021 dropped by 3.91% year-on-year to 116.93. The decrease was mainly attributable to lower hotel room rates and falling airfares; yet, it was partially offset by rising charges for restaurant services and dearer prices of clothing. Among the various sections of goods and services, price indices of Accommodation (-30.23%) and Transport & Communications (-9.96%) declined year-on-year, whereas the indices of Clothing & Footwear (+5.61%) and Restaurant Services (+4.44%) increased.
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【DST】9th Macao International Travel (Industry) Expo culminated in success
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A four-month mega international cultural and artistic event, “Art Macao: Macao International Art Biennale 2021” will be inaugurated on Thursday (15 July), on the 1^st floor of the Macao Museum of Art, presenting a movable feast of the city. On the occasion, the Main Exhibition themed “Advance and Retreat of Globalization” will also be inaugurated, with three exhibitions, distributed through various areas of the Macao Museum of Art, reflecting on the advances and retreats of globalization through the arts.
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The Consumer Council continues to conduct price survey on various kinds of products to enhance price transparency and survey result reveals price differences in different retail outlets. Consumers are suggested to use the data published by the Council for price comparison.
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The Cultural Affairs Bureau and the Printing Bureau jointly launched a book vending service from today. Currently, a total of three vending machines developed by the Printing Bureau have been installed in the S. Lourenço Library, Taipa Library and Seac Pai Van Library, in order to facilitate the purchase of books and periodicals published by the two bureaus, thereby fostering a reading atmosphere. In the future, more publications by other government departments, such as policy addresses and public consultation documents will also be available in the kiosks.
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In the first half of 2021, students from Tourism Retail and Marketing Management engaged in an industrial project to conduct marketing analysis research for a Hong Kong-style tea company - Tea Tag (Macau) Limited founded by Mr. Tyson Yim, aiming to help the company promote its milk tea products and build the brand in the Macao market. Tyson’s brand of milk tea ranked top 20 in the National Contest and 6th at the national popularity pool for milk tea brand in 2020. Tyson himself was an apprentice to Chan Tsz Ping, the National Champion of Milk Tea competition.
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The Official Gazette of the Macao Special Administrative Region No. 28 published today (12) announces Law no. 9/2021 “Consumer Rights and Interests Protection Law” that will come into effect on 1^st January 2022.
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The 2021 Macao International Environmental Co-operation Forum & Exhibition (2021MIECF) is scheduled to take place from 5 to 7 August 2021. Every year, the MIECF invites prominent figures in the international environmental sector to serve as keynote speakers. The 2021MIECF has invited Ms. Dong Mingzhu, Chairperson and President of Gree Electric Appliances, Inc. of Zhuhai and UN’s “Messenger of Sustainable Urban Development”, as the keynote speaker, who will deliver a keynote speech at the opening ceremony.
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