News

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The University of Macau (UM) Faculty of Science and Technology (FST) recently organised seven summer camps, which attracted more than 150 students from 16 secondary schools in Macao. Some students say the summer camps allowed them to acquire knowledge outside the classroom and conduct experiments with advanced lab equipment, so that they could learn more about UM’s teaching environment, adding that the camps will help them make better-informed decisions about which major to study in college.
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Information from the Statistics and Census Service (DSEC) indicated that Gross Domestic Product (GDP) in the second quarter of 2018 grew by 6.0% year-on-year in real terms attributable to the steady growth in exports of services and private consumption; the economic growth in the second quarter was lower than the 9.2% rise in the previous quarter due to a smaller increase in exports of services and a notable decline in investment. External demand maintained growth, which pushed up total exports of services by 13.0% year-on-year, with exports of gaming services and other tourism services rising by 13.7% and 13.0% respectively; meanwhile, exports of goods went up by 30.0%. Domestic demand eased slightly owing to an 11.9% decrease in investment; private consumption expenditure and government final consumption expenditure rose by 5.3% and 5.1% respectively year-on-year; imports of goods increased by 10.0%. The implicit deflator of GDP, which measures the overall changes in prices, went up by 3.5% year-on-year.
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Information from the Statistics and Census Service (DSEC) indicated that the value of retail sales for the second quarter of 2018 increased by 23.7% year-on-year to MOP18.01 billion, yet fell by 13.4% as compared with the revised figure (MOP20.79 billion) in the first quarter of 2018. Watches, Clocks & Jewellery accounted for 21.1% of the total retail sales, followed by Goods in Department Stores (15.8%), Leather Goods (13.4%) and Adults' Clothing (12.4%).
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Consumer Council conducted its latest ‘Supermarket price survey’ on 23 August for the implementation of Section 2b), Article 10, Law 4/95/M of 12 June. Surveyed locations included 11 supermarkets in Taipa and Coloane area.
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IFT 2018/19 Degree Programme Student Orientation Ceremony was held on 23 August with the presence of IFT faculty, bachelor degree programme freshmen and exchange students.
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The Consumer Council published its latest issue no. 300 Consumer Report, featuring a survey report on how Chinese restaurants handle consumers paying with foreign currencies, a report on the cases received by the Council in the first half year of 2018 is also included.
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The selection of Macao film projects for the 2018 Guangdong–Hong Kong–Macao Film Production Investment and Trade Fair (hereinafter designated “Fair”) was completed. Six applications were selected and the selected applicants are: Vong Tin Leong, Lim Mi Mi, Hoi Kuok Meng, Ye Ting Hang, Lou Ka Hou, and Io Lou Ian. The applicants of the selected film projects will be invited to attend the Fair on 4 and 5 September in Macao, where they will be able to meet with film investors and producers from Guangdong, Hong Kong and Macao, promote the selected film products and seek opportunities for cooperation.
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The Monetary Authority of Macao (AMCM) releases today the preliminary balance of payments (BOP) statistics of Macao SAR for the reference year 2017. The BOP, which comprises the current account, the capital account and the financial account, is a statistical statement that summarises external transactions of an economy with the rest of the world.
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