News

According to statistics released today by the Monetary Authority of Macao, the total number of personal credit cards issued by banks in Macao continued to rise in the second quarter of 2019. Both the credit card turnover and total repayments also registered growth from a year earlier.
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Tickets for the 33^rd Macao International Music Festival (MIMF), organized by the Cultural Affairs Bureau, went on sale on 4 August (Sunday). Enthusiastic members of the public waited at different ticketing outlets to purchase tickets. Sales reached a satisfactory result as more than 3,700 tickets were sold up to 5pm on the first day of ticket sales. The percentage of the ticket sales was more than 50 %.
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The Government has submitted a letter to the Legislative Assembly requesting it to remove from its agenda the discussion of two Government-proposed bills. The two bills are: amendments to the Budget for the Fiscal Year of 2019 and amendments to the Law on Combating Computer Crime.
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Members of four entrepreneurial teams from the University of Macau (UM) recently shared their brand building experience at the Forum on China and Franchise Business Opportunities of International Brands. During the event, they discussed financing for franchise businesses and the use of innovative technology. The live streaming of the sharing session gathered over 410,000 views in mainland China, including the Guangdong-Hong Kong-Macao Greater Bay Area. The event aimed to increase mainland investors’ understanding of the UM entrepreneurial teams’ brand philosophy and franchise ideas.
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The Committee for Development of the Commercial and Trade Co-operation Service Platform between China and Portuguese-speaking Countries held today (5^th August) its fourth plenary meeting. The meeting was headed by the Committee’s Chairman, the Chief Executive of the Macao SAR, Mr Chui Sai On. During the meeting, participants reviewed the work and progress made by the Committee since the fourth quarter of 2018 regarding the positioning of Macao as a commercial and trade co-operation service platform between China and the Portuguese-speaking countries (PSC). Members also discussed future work arrangements and development prospects.
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The Chief Executive, Mr Chui Sai On, said recent visits to five mainland provinces – and a thematic session held on Saturday (3 August) – would help boost Macao young people’s patriotic spirit and their determination to contribute to national development efforts.
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The University of Macau (UM) will hold an academic forum titled ‘The Prospect of Research in Humanities, Social Science, Business, Law and Education’ on Thursday (Aug 8). The event aims to explore opportunities for integration and collaboration between different academic disciplines as well as future development prospects. All are welcome.
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Members of the Chief Executive Election Committee have until Friday (9 August) to collect their respective credentials in order to be allowed to exercise their right to vote in the 25 August Chief Executive Election.
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According to statistics released today by the Monetary Authority of Macao, broad money supply retreated in June with a stable share of patacas. Meanwhile, resident deposits dropped from a month earlier whereas loans to residents posted an increase.
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Published by the Cultural Affairs Bureau and produced by Like Entertainment & Production Co. Ltd., the thirty-fourth issue of C² Magazine will be released this Wednesday (7 August).
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