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Gross domestic product for the 1st Quarter of 2019
Information from the Statistics and Census Service indicated that the economy of Macao in the first quarter of 2019 contracted by 3.2% year-on-year in real terms, ending the uptrend that had lasted for ten consecutive quarters. Total demand weakened due to feeble growth, leading to increased downward pressure on the economy. External demand slowed visibly; total exports of services dropped by 0.3% year-on-year, with exports of gaming services and other tourism services falling by 0.6% and 0.3% respectively; moreover, exports of goods saw a decrease of 1.8%. Domestic demand remained sluggish, down by 9.4% year-on-year owing to a significant decline in investment in fixed assets; private consumption expenditure and government final consumption expenditure rose by 2.1% and 4.1% respectively, offsetting part of the decrease resulted from the economic downturn. Imports of goods grew by 2.0% while imports of services went down by 20.9%. The implicit deflator of GDP, which measures the overall changes in prices, increased by 3.2% year-on-year in the first quarter of 2019.
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Thirty-third issue of C2 discusses the current status of art education for children
Published by the Cultural Affairs Bureau and produced by Like Entertainment & Production Co. Ltd., the thirty-third issue of C2 Magazine will be released this Wednesday (5 June).
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Parallel Forums Held with Success at IIICF
The 10th International Infrastructure Investment and Construction Forum (IIICF) offered a total of nine inspiring parallel forums, covering topics relevant to the “Belt and Road”, Guangdong-Hong Kong-Macao Greater Bay Area development, energy, transport, finance, industrial chain, international engineering agreement and financial co-operation between China and Portuguese-speaking countries. Many guests actively shared their insights at the forums, creating a spirited atmosphere.
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Enterprises Gain Fruitful Results via IIICF Networking Reception Brings in Co-operation Opportunities
The 10th International Infrastructure Investment and Construction Forum specially offered the Macao and Mainland Enterprise Networking Reception for enterprises from Macao and the mainland, with a view to foster co-operation and exchange between companies from both places. Participating enterprises positively remarked on the efficacy of the event, which helped them discern business opportunities and grow businesses.
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The 10th International Infrastructure Investment and Construction Forum Concludes with Fruitful Results
The 10th International Infrastructure Investment and Construction Forum (IIICF) concluded with success today (31 May). The two-day event offer a total of 12 keynote forum, penal sessions and parallel forums, which were joined by more than 2,000 participants from over 70 countries and regions, including 56 government officials at or above vice-ministerial level from nearly 40 countries and regions. The number of attendees grew by 10% compared to last year. At the protocol signing ceremony, a total of 11 co-operation agreements were signed by China and different parties, mainly involving transportation, civil engineering, electricity engineering and mining.
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Government to monitor closely impacts on Macao of global economic changes
The Secretary for Economy and Finance, Mr Leong Vai Tac, said on Thursday (30 May) that the Government would continue paying close attention to the impact of changes wrought on Macao’s economy by the fluctuating global economic situation and related uncertainties, ensuring the city would be well prepared for any challenges that might arise.
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Commemorative postmark cancellation service of “The 33rd National Lotus Flowers Exhibition”
To celebrate the 33rd National Lotus Flowers Exhibition, Macao Post and Telecommunications Bureau announces that a Temporary Post Counter will be set up at Senado Square, at 10:00 to 17:00 on 6th June 2019 providing the commemorative postmark cancellation service for “The 33rd National Lotus Flowers Exhibition”.
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