News

The signing ceremony of “Agreement between the Government of the Macao Special Administrative Region of the People’s Republic of China and the Government of the Argentine Republic on Mutual Visa Waiver” was held today (October 14) at the Macao SAR Government Headquarter.
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The online registration process for the exchange of the 20^th Anniversary of the Return of Sovereignty of Macao banknotes and the four previously issued Zodiac Banknotes for the two Issuing Banks has already been completed successfully. Starting from next Monday (21 October), all participating banks will conduct the exchange for the 20^th Anniversary of the Return of Sovereignty of Macao banknotes and Zodiac banknotes with registrants.
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The Special Administrative Region (SAR) Government is committed to assisting mainland and local businesses in their respective exploration of markets external to them. In particular, Macao would do this by making use of the city’s Platform role in order to set up connections in Portugal, with a view ultimately to extending such a network into other Portuguese-speaking countries.
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A grand rally was held at Tian’anmen Square in Beijing on the National Day to celebrate the 70^th anniversary of the Founding of the People's Republic of China. Themed as “Blooming Lotus”, Macao’s float marked its glamorous presence as part of the “Children of China” formation in the mass pageantry. With its strikingly unique design, the float was honored with the “Splendid Award” by the Division of Service Safeguarding and Command for Mass Pageantry of the Celebration Rally, revealing the audiences’ fondness for the float. The float marched on the day carrying Macao Tourism Mascot MAK MAK and personages of different fields from Macao, sharing the joy of the National Day celebration.
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The University of Macau (UM) will continue to offer three admission schemes in the next academic year to encourage outstanding students to pursue higher education in Macao. They are the Principals’ Recommended Admission Scheme, the Chinese and Portuguese Bilingual Talent Nurturing Scheme, and the Outstanding Student-Athletes Admission Scheme. The university recently held an information seminar to help form-6 students, their parents, and secondary school teachers to learn more about the three admission schemes, the unique competitive advantages of UM’s undergraduate programmes, and the career prospects of UM graduates.
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The “2019 Portuguese Speaking Countries Products and Services Exhibition (Macao)” (2019PLPEX) will be held between 17^th and 19^th October at The Venetian Macao. Many exhibitors and suppliers agree that PLPEX creates a comprehensive platform that allows the enterprises to co-operate, exchange ideas, and successfully “go global”, thus expanding their business.
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Information from the Statistics and Census Service (DSEC) indicated that the Tourist Price Index (TPI) for the third quarter of 2019 dropped by 0.65% year-on-year to 129.94. The decrease was mainly attributable to lower charges for hotel accommodation and falling prices of clothing; yet, rising charges for restaurant services and dearer prices of gold jewellery and local food products offset part of the decrease. Among the various sections of goods and services, price indices of Clothing & Footwear and Accommodation fell notably by 5.50% and 4.62% respectively year-on-year, whereas the indices of Entertainment & Cultural Activities and Miscellaneous Goods grew by 3.04% and 2.44% respectively.
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Members of the public are being invited to share their views regarding a proposed legal framework for urban renewal put forward by the Government, via a 60-day public consultation period that starts today.
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The Macao Orchestra (OM, from the Portuguese acronym), under the auspices of the Cultural Affairs Bureau, presents the concert “Flourishing Arts” on Saturday, 12 October, at 8pm, at the University Hall of the University of Macau. Under the baton of OM’s Assistant Conductor, Francis Kan, the Orchestra joins hands with Sou Sin U, Cesónia Da Rosa and Yin Kam Wai, award winners at the 37^th Macao Young Musicians Competition, and Pyotr Akulov, winner of the first prize in the Piano Group of the 2^nd Zhuhai Mozart International Competition for Young Musicians. Admission is free. Tickets will be distributed at the concert venue one hour prior to the performance. Distribution is on a first-come, first-served basis and is limited to a maximum of two tickets per person.
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According to statistics released today by the Monetary Authority of Macao, new approvals of residential mortgage loans (RMLs) decreased while those of commercial real estate loans (CRELs) increased in August 2019. With regard to the outstanding balances, RMLs increased whereas CRELs witnessed a decrease.
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