News

The Macao Institute for Tourism Studies (IFTM) has cemented its position as a leading global provider of education in hospitality and leisure management by achieving its highest rating in the “QS World University Rankings by Subject”.
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The Monetary Authority of Macao (AMCM) lowered the Base Rate of the Discount Window today (4 March 2020) by 50 basis points to 1.50%.
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The Maritime Museum, which was temporarily closed earlier due to the outbreak of the novel coronavirus, will reopen starting from 4 March 2020. In response to the prevention and control efforts made by the Government of the Macao Special Administrative Region, all visitors entering the Museum are required to wear their own face masks, receive temperature checks and present their personal health declarations for the day. Once the Museum reopens, visitors are advised to cope with the implementation of restriction on visitor flow and regular cleaning.
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Since the novel coronavirus outbreak, the University of Macau (UM) has been working closely with 17 external service providers to ensure strict implementation of anti-epidemic measures on campus. Today (2 March),as the university resumes normal operation, Rector Yonghua Song expresses his thanks to more than 300 workers from these third-party companies for their hard work in safeguarding the health of all UM students, faculty, and staff, and for their efforts in ensuring a steady supply of daily necessities on campus.
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Prof Liu Jianhong, Distinguished Professor and associate dean of the University of Macau’s (UM) Faculty of Social Sciences, has been appointed an advisor to the United Nations Office on Drugs and Crime (UNODC) Asia-Pacific Regional Centre for Excellence on Criminal Justice Statistics, in recognition of his work related to illegal drug problems and crime prevention.
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The second review of the “7^th Subsidy Programme for Fashion Design on Sample Making”, organized by the Cultural Affairs Bureau (IC, from the Portuguese acronym), has been completed and a total of eight applicants were selected. IC will grant each eligible applicant a subsidy of up to MOP170,000 for sample making and promotional work.
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CTT Macao would like to inform that, from 2^nd to 6^th March 2020, the distribution of service quota for the money transfer service of Western Union in Macao Postal Savings, situated in San Ma Lou (Av. Almeida Ribeiro), will change to be provided online. Starting from 1^st March 2020, citizens can start to obtain the quota by registering in https://philately.ctt.gov.mo/QueuingAppWeb, with limited quota distributing in a “first-come-first-serve” basis and without on-site distribution of quota in Macao Postal Savings.
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In accordance with the Chief Executive’s Order No. 50/2020, the special measures imposed by Clause 2 of Article 1 of the Chief Executive’s Order No. 27/2020 will be lifted, effective from 0:00, 2 March 2020. Related establishments including bars, health clubs, night clubs, karaoke lounges and more will be reopened. To safeguard public health, officials of Macao Government Tourism Office (MGTO) and Health Bureau jointly visited related establishments today (29 February) for an inspection of their preventive measures against infections.
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Information from the Statistics and Census Service (DSEC) indicated that Gross Domestic Product (GDP) dropped by 8.1% year-on-year in real terms in the fourth quarter of 2019, a steeper decline compared to the previous quarter, which was mainly attributable to a further decrease in exports of services. External demand continued to slow; exports of services fell by 7.5% year-on-year, with exports of gaming services and other tourism services reducing by 9.8% and 7.0% respectively. Exports of goods went down by 6.2%. As regards domestic demand, investment plunged by 13.9% year-on-year, whereas private consumption expenditure and government final consumption expenditure rose by 2.7% and 1.9% respectively.
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