News

Consumer Council conducted its first ‘Supermarket price survey’ in November on 7 November for the implementation of Section 2b), Article 10, Law 4/95/M of 12 June. Surveyed locations included supermarkets near Areia Preta, Mong Há and Avenida de Venceslau de Morais in N. Sra. de Fátima Parish.
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Consumer Council conducted its first ‘Supermarket price survey’ in November on 7 November for the implementation of Section 2b), Article 10, Law 4/95/M of 12 June. Surveyed locations included supermarkets near Areia Preta, Mong Há and Avenida de Venceslau de Morais in N. Sra. de Fátima Parish.
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For the implementation of Section 2b), Article 10, Law 4/95/M of 12 June, Consumer Council collects prices of fresh pork from wet markets and supermarkets for consumers’ reference on 7 November. The mentioned data collected during 1 November to 7 November are used for comparing the average selling price of the same products from Zhuhai and Hong Kong. The relevant data has been uploaded to the Council’s website for consumers’ reference.
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Information from the Statistics and Census Service indicated that a total of 14,465 Wholesale & Retail establishments and stalls were operating in 2016, an increase of 460 year-on-year. Total number of persons engaged rose by 6.7% to 68,292, with employees accounting for 82.1% of the total. Receipts of Wholesale & Retail Trade amounted to MOP 110.91 billion in 2016, up by 1.8% year-on-year. Driven by the growth in Compensation of Employees (+12.0%) and Operating Expenses (+14.4%), expenditure of the sector increased by 1.4% to MOP 100.95 billion; meanwhile, Purchase of Goods & Commission Paid (-2.3%) registered decrease. Gross Surplus of the sector totalled MOP 9.54 billion, down by 12.2% year-on-year. Gross Value Added that measures the sectoral contribution to the economy decreased by 1.5% to MOP 19.08 billion. Gross Fixed Capital Formation went down by 15.1% to MOP 2.55 billion owing to a decrease in fixed assets acquired by the establishments.
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Information from the Statistics and Census Service indicated that a total of 14,465 Wholesale & Retail establishments and stalls were operating in 2016, an increase of 460 year-on-year. Total number of persons engaged rose by 6.7% to 68,292, with employees accounting for 82.1% of the total. Receipts of Wholesale & Retail Trade amounted to MOP 110.91 billion in 2016, up by 1.8% year-on-year. Driven by the growth in Compensation of Employees (+12.0%) and Operating Expenses (+14.4%), expenditure of the sector increased by 1.4% to MOP 100.95 billion; meanwhile, Purchase of Goods & Commission Paid (-2.3%) registered decrease. Gross Surplus of the sector totalled MOP 9.54 billion, down by 12.2% year-on-year. Gross Value Added that measures the sectoral contribution to the economy decreased by 1.5% to MOP 19.08 billion. Gross Fixed Capital Formation went down by 15.1% to MOP 2.55 billion owing to a decrease in fixed assets acquired by the establishments.
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According to statistics released today by the Monetary Authority of Macao, the total number of personal credit cards issued by banks in Macao continued to rise in the third quarter of 2017. Both the credit card turnover and total repayments registered year-on-year growth.
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The launch ceremony for the first Brighter Future Student Awards will be held at the University of Macau (UM) on Wednesday 8 November. The event is co-organised by a local law firm, MdME Lawyers, and its international network in Portuguese-speaking countries, MLGTS Legal Circle (with offices in Portugal, Angola and Mozambique), UM’s Student Affairs Office, and the Faculty of Law Students’ Association of University of Macau Students’ Union. This award programme will be open for applications on the same day. All university students in Macao majoring in law or other disciplines related to law are eligible to apply.
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