News

To facilitate residents to handle various social security services, the Social Security Fund (abbreviated to FSS in Macao) has been providing community residents with services related to the social security contributions and the non-mandatory central provident fund system through the Public Services Centres under the Municipal Affairs Bureau (formerly the Civic and Municipal Affairs Bureau). Since January this year, the related services have been extended to Toi San Station and Fai Chi Kei Station of the Northern District Public Services Centre, and S. Lourenço Station of the Central District Public Services Centre. January happens to be a contribution month, and the FSS reminds residents in the district to go to the new service points to pay contributions.
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A calligraphy and painting exhibition titled ‘The Fusion of the Chinese and Portuguese Cultural Horizons in the Painting’, co-organised by the University of Macau (UM) Confucius Institute and the Macau Orient Painting and Calligraphy Association, will be held in the UM Wu Yee Sun Library from 16 January to 22 January. All are welcome.
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Information from the Statistics and Census Service (DSEC) indicated that the overall residential property price index for September - November 2018 increased by 0.7% over the previous period (August - October 2018) to 270.5. The index for the Macao Peninsula (272.4) rose by 0.8% while that for Taipa & Coloane (261.5) held steady.
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A seminar on future electricity supply for smart city was recently held at the University of Macau (UM) Institute of Collaborative Innovation. The event was organised by UM’s State Key Laboratory of Internet of Things for Smart City and Companhia de Electricidade de Macau (CEM). During the event, experts and scholars from around the world had an in-depth discussion on technologies for the future development of smart energy supply system for smart city.
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The Secretary for Security, Mr Wong Sio Chak, said today that the police and the Gaming Inspection and Coordination Bureau would discuss methods of improving cooperation between police officers and private security guards at casino resorts.
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Organised by the Cultural Affairs Bureau, the 18^th Macao City Fringe Festival, to be held from 11 to 27 January 2019, will be inaugurated on Friday, 11 January 2019, at 7:30pm, at the Old Court Building, during when the “18^th Branch of Macao City Fringe Supermarket” will have its grand opening. The performance Sigma then takes to the stage, showcasing virtuoso geometries through the combination of circus and classical Indian dance. The public is advised to purchase their tickets as soon as possible as tickets for some of the programmes are limited.
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The University of Macau (UM) Department of Economics and Centre for Macau Studies today released its Macroeconomic Forecast for Macao 2019. According to the data collected, Macao’s economy has grown substantially with rates of 9.4% and 5.9% year-on-year in the first and second quarter of 2018 respectively. The growth subdued rapidly amid the disaster effect of Typhoon Mangkhut in September. Macao’s economy grew only by 1.6% year-on-year and reached MOP 100.9 billion in the third quarter of 2018 (Figure 1 and 2). The negative effects of trade friction with the United States and other structural adjustments on China’s economy have surfaced in the past few months. Economic uncertainty continues to affect Macao’s economy. As a result, we have revised our forecasts downward on GDP growth from the last release.
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