News

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The 43rd National Congress of the Portuguese Association of Travel and Tourism Agencies opened today (November 23) in Macao, in a ceremony presided by Secretary for Social Affairs and Culture of the Macao SAR Government, Alexis Tam. Co-organized by Macao Government Tourism Office (MGTO) and the Portuguese Association of Travel and Tourism Agencies (APAVT, from its Portuguese acronym), this year’s congress in Macao mobilized one of the highest attendance of the annual gathering of the most representative association of Portuguese tourism industry. Over the next few days, delegates will zoom-in on internal topics related to Portugal tourism industry, while looking to opportunities to tap into Macao and Mainland China market.
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The non-mandatory central provident fund system (the System) will come into force on 1 January next year. In order to deepen the understanding of the community about the System, the Social Security Fund (abbreviated to FSS in Macao) has held several explanatory sessions on the System. The final public session will be held on 26 November (Sunday) at Fu Luen School. Members of the public who attach importance to their retirement planning and want to make early retirement arrangements should seize this opportunity to sign up for participation.
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To welcome the New Year of 2018, the Macao Orchestra (OM, from the Portuguese acronym), under the auspices of the Cultural Affairs Bureau, presents the annual concert “Starry Vienna – New Year Concert”, to be held on Saturday 30 December, at 8pm, at the Macao Cultural Centre Grand Auditorium. Tickets are now available at the Macau Ticketing Network.
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Information from the Statistics and Census Service (DSEC) indicated that attributable to the National Day and Mid-AutumnFestival holidays, visitor arrivals increased by 16.2% month-to-month to 2,888,716 in October 2017, and rose by 7.9% year-on-year. Overnight visitors (1,471,036) and same-day visitors (1,417,680) went up by 7.3% and 8.4% respectively year-on year. The average length of stay of visitors (1.2 days) held steady year-on-year, with that of overnight visitors and same-day visitors remaining unchanged at 2.2 days and 0.2 day respectively.
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Information from the Statistics and Census Service (DSEC) indicated that the economy of Macao in the third quarter of 2017 expanded by 6.1% year-on-year in real terms, driven by continuous increase in exports of services. The slowdown in economic growth was due to the high base of comparison in the third quarter of 2016 as the economy rebounded. External demand grew robustly, driving exports of services up by 14.6% year-on-year, in which exports of gaming services and other tourism services grew by 18.4% and 9.4% respectively; exports of goods rose by 18.9%. Domestic demand slackened visibly owing to a 25.1% fall in investment; government final consumption expenditure and imports of goods dropped by 0.7% and 6.8% respectively, whereas private consumption expenditure edged up by 0.5%. The implicit deflator of GDP, which measures the overall changes in prices, went up by 2.8% year-on-year.
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Information from the Statistics and Census Service (DSEC) indicated that value of retail sales for the third quarter of 2017 increased by 14.9% year-on-year to MOP16.18 billion and rose by 11.1% as compared with the revised figure (MOP14.56 billion) in the second quarter of 2017. Watches, Clocks & Jewellery accounted for 23.0% of the total value of retail sales, followed by Goods in Department Stores (14.8%), Adults’ Clothing (13.0%), Leather Goods (11.6%) and Goods in Supermarkets (6.8%).
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Information from the Statistics and Census Service (DSEC) indicated that a total of 304 MICE events were held in the third quarter of 2017, including 279 meetings & conferences, 15 exhibitions and 10 incentives. Total number of participants and attendees was 581,000.
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