News

Information from the Statistics and Census Service (DSEC) indicated that the general unemployment rate (1.7%) and the unemployment rate of local residents (2.3%) for September-November 2019 both decreased by 0.1 percentage point from the previous period (August-October 2019). Meanwhile, the underemployment rate held steady at 0.5%.
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Information from the Statistics and Census Service (DSEC) indicated that total merchandise export for November 2019 amounted to MOP1.13 billion, up by 10.6% year-on-year. Value of re-exports (MOP967 million) increased by 7.6%, with that of Other jewellery (except diamond jewellery) jumping by 286.4%. Value of domestic exports (MOP165 million) rose by 33.1%, with that of Tobacco surging by 243.7%. Total merchandise import grew by 8.3% year-on-year to MOP8.66 billion, of which imports of Beauty, cosmetic & skin-care products, Construction materials and Handbags & wallets expanded by 74.0%, 35.7% and 26.8% respectively; meanwhile, imports of Food & beverages, Watches and Fuels & lubricants dropped by 11.0%, 7.4% and 7.1% respectively. Merchandise trade deficit in November totalled MOP7.53 billion.
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According to Executive Order No. 212/2019 published in the Official Gazette of the Macao SAR, all pension payments and allowances of the Social Security System will be increased on 1 January 2020. The old age and disability pension will be increased to 3,740 patacas per month. The total number of beneficiaries is expected to be about 136,000. The total annual expenditure is about 5.2 billion patacas, of which old-age pension accounts for 4.6 billion patacas. It is expected that the additional expenditure for the increase in benefits will be about 150 million patacas. Details of the increase are as follows:
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The Social Security Fund (abbreviated to “FSS” in Macao) reminds that beneficiaries who are receiving old-age or disability pension from the FSS are required to provide the proof of life in January each year. About 124,000 beneficiaries will be involved in 2020, who can provide the proof of life on the self-service machine as early as 9 a.m. on 1st January using their Macao SAR Resident ID cards.
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The grace period for the exchange of the 20^th Anniversary of the Return of Sovereignty of Macao banknotes and for the four previously issued Zodiac Banknotes will end on 3 January 2020 (Friday). The Monetary Authority of Macao would like to remind those registrants who have not yet conducted the note exchange to exchange for their subscribed notes at their previously selected bank on or before this Friday.
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The Faculty of Business Administration (FBA) of the University of Macau (UM) and the Asia Pacific Journal of Accounting & Economics (APJAE) jointly hosted the Eighth Conference of the World Accounting Frontiers Series (WAFS) from 4 December to 6 December 2019 with success. With the theme ‘Accounting and Institutional Infrastructure’, this interdisciplinary conference aimed at bridging the academic-practice gap through big data research and the exchange of a wide spectrum of accounting knowledge.
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The University of Macau (UM) will hold the UM Open Day 2020 on Sunday 12 January. There will be various activities on that day, including admission consultation, themed talks, performances, fun experiments, game booths, workshops, guided campus tours, and an international food festival. Participants will have the chance to experience UM’s unique model of education, advanced technologies, and vibrant campus life. Macao residents, students and their parents, friends from the Greater Bay Area, and tourists are encouraged to attend the event to spend a fun and memorable Sunday at UM.
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Consumer Council conducted its specific price survey on tissue papers, over-the-counter drugs, and milk powder on 30 December for the implementation of Section 2b), Article 10, Law 4/95/M of 12 June. The mentioned survey has been uploaded to the Council’s website (www.consumer.gov.mo), it is also available on the Council’s“Macao Supermarket Price Information Platform” app, as well as on the Council’s WeChat account page.
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Information from the Statistics and Census Service (DSEC) indicated that licensed motor vehicles in Macao totalled 240,164 as at end-November 2019, a slight increase of 0.4% year-on-year. Light automobiles (109,242) and heavy motorcycles (99,530) rose by 1.3% and 2.2% respectively, whereas light motorcycles (24,068) went down by 8.4%. New registration of motor vehicles in November dropped by 10.5% year-on-year to 1,221, with heavy motorcycles (565) declining by 24.8% while light automobiles (628) rising by 14.8%. In the first eleven months of 2019, new registration of motor vehicles decreased by 14.4% year-on-year to 11,350. Number of traffic accidents grew by 15.8% year-on-year to 1,245 in November, and number of injuries totalled 375. In the first eleven months, there were 12,517 traffic accidents; number of victims added up to 4,097 and 8 of them were killed.
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