News

According to the statistics released today (29 November) by the Monetary Authority of Macao, on 30 June 2024, investment of Macao residents (including individuals, the government and other legal entities but excluding Macao’s foreign exchange reserves) in securities issued by unrelated non-residents reached MOP1,223.3 billion at current market value, representing an increase of 10.7% from end-2023 or 14.1% year-on-year. Among the various instruments of portfolio investment, equity securities (including mutual funds and investment trust units), long-term debt securities and short-term debt securities were valued at MOP372.1 billion, MOP722.1 billion and MOP129.1 billion respectively. As compared with end-2023, the market values of equity securities, long-term debt securities and short-term debt securities rose by 11.0%, 4.1% and 71.1% respectively.
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Starting October 2024, the Statistics and Census Service (DSEC) releases the new CPI series rebased to the period of July 2023 to June 2024. The Composite CPI for October 2024 rose by 0.33% year-on-year but decreased by 0.1% month-on-month. For the 12 months ended October this year, the average Composite CPI grew by 0.91% from the previous period (November 2022 - October 2023).
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Jointly organised by the Municipal Affairs Bureau (IAM) and the Shipyard Workers Association of Macao, the Nostalgia of Macao — “Shipbuilding in Olden Days” Exhibition of Shipbuilding Industry will be launched on 6 December at IAM Gallery. The exhibition showcases the development of the local shipbuilding industry that was once an important underpinning of Macao’s economy through photos, text, physical objects, multimedia, etc., making it a rare dedicated exhibition about the shipbuilding industry of the city.
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To celebrate the 25th anniversary of Macao’s return to the motherland, the Municipal Affairs Bureau (IAM) will hold a themed flower show in Avenida da Praia, Taipa, from 14 December 2024 to 5 January 2025, with festive flower beds placed across Macao for members of the public to enjoy and experience the festive atmosphere.
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To spice up the festive atmosphere, the Municipal Affairs Bureau (IAM) will hold the “Christmas Market 2024” in Tap Seac Square from 16 December for 17 consecutive days. In addition to the special booths selling Christmas gifts and food, popular facilities like Christmas manger, merry-go-round, little Christmas train and inflatable slide will also be available for the Macao public and tourists to spend the joyful Christmas and New Year festivals together.
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A delegation from Macao University of Tourism (UTM), led by Dr. Fanny Vong, Rector of UTM, with Dr. Connie Loi, Vice-rector for Academic Affairs, and Dr. Clara Lei, Dean of Faculty of Innovative Hospitality Management, visited France and Switzerland to strengthen collaboration with international higher education institutions at the end of November 2024.
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Information from the Statistics and Census Service (DSEC) indicated that both the general unemployment rate (1.7%) and the unemployment rate of local residents (2.3%) for August - October 2024 remained unchanged from the previous period (July - September). Meanwhile, the underemployment rate rose slightly by 0.1 percentage point to 1.2%.
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The Chief Executive, Mr Ho Iat Seng, today met with the Secretary of State for Higher Education of the Republic of Angola, Mr Eugénio Adolfo Alves da Silva. The officials exchanged views on the continuous promotion of higher education cooperation between Macao and Angola.
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The “Palace of Double Brilliance: Special Exhibition from the Palace Museum”, organised by the Cultural Affairs Bureau of the Macao SAR Government and the Palace Museum, implemented by the Macao Museum of Art, and supported by the Macao Foundation, Macao Government Tourism Office and Macao Daily News, was inaugurated on 28 November at the Macao Museum of Art. The opening ceremony was held in a lively atmosphere and was officiated by the Secretary for Social Affairs and Culture of the Macao SAR Government, Ao Ieong U; the Director of the Palace Museum, Wang Xudong; the Chief of Office of the Secretary for Social Affairs and Culture, Ho Ioc San; the Director of the Department of Publicity and Culture of the Liaison Office of the Central People’s Government in the Macao SAR, Wan Sucheng; the President of the Cultural Affairs Bureau, Leong Wai Man; the Director of the Macao Government Tourism Office, Maria Helena de Senna Fernandes; the Acting President of the Administrative Committee of the Macao Foundation, Zhong Yi Seabra de Mascarenhas; the Director of Macao Daily News, Lok Po; and the Member of the Cultural Development Consultative Committee, Ieng Weng Fat; and was attended by the Adviser of the Office of the Secretary for Social Affairs and Culture, Lo Hou Chi; the Acting Vice President of the Cultural Affairs Bureau, Choi Kin Long; and the members of the Cultural Development Consultative Committee and of the Cultural Heritage Committee.
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In order to celebrate the 75^th anniversary of the founding of the People’s Republic of China and the 25^th anniversary of the establishment of the Macao SAR, as well as to strengthen the preservation, restoration, education and promotion of cultural heritage in Macao and contribute to the establishment of Macao as “a base for exchange and cooperation with Chinese culture as the mainstream and the coexistence of different cultures”, the Centre of Preservation and Transmission for Cultural Heritage of the Palace Museum in Macao, jointly established by the Macao SAR Government and the Ministry of Culture and Tourism of the People’s Republic of China, was inaugurated today (28 November), with a plaque unveiling ceremony jointly hosted by the Chief Executive of the Macao SAR Government, Ho Iat Seng, and the Director of the Palace Museum, Wang Xudong. The ceremony was also attended by the Director of the Liaison Office of the Central People’s Government in the Macao SAR, Zheng Xinchong; the Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Macao SAR, Liu Xianfa; the Secretary for Social Affairs and Culture of the Macao SAR Government, Ao Ieong U; and the President of the Cultural Affairs Bureau of the Macao SAR Government, Leong Wai Man.
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