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The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP162.3 billion (USD20.17 billion) at the end of December 2017. The reserves increased by 3.1% from the revised value of MOP157.4 billion (USD19.57 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-December 2017 represented 11 times the currency in circulation or 90.5% of pataca M2 at end-November 2017.
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The Consumer Council conducted a questionnaire on the terms and conditions and service fees of airline companies that operate routes departing from Macao. The feedback shows that a service fee of up to $800 will be charged by a certain airline company if a consumer has not taken the flight and files refunds of Macao Airport passenger service fees and airport security fee due to personal reasons. Consumers are reminded to compare the service terms and charged items of different airline companies before purchasing their tickets, meanwhile, consumers should not only consider the base fare when purchasing discounted air tickets but also take into consideration the amount charged for checked baggage and meals.
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The 14^th China Expo Forum for International Cooperation (CEFCO 2018) was held in Qingdao from 11^th to 13^th Jan 2018. Macao Trade and Investment Promotion Institute (IPIM) organized the representatives of Macao Convention and Exhibition Industry (also known as MICE industry) to take part in the event and collaboratively promote the advantages of Macao’s convention and exhibition, expanding the professional exchange and cooperation between Macao and overseas regions. Many of the representatives from the sector considered this activity valuable for Macao’s MICE industry in terms of broadening horizon, developing local MICE industry globally and attracting more international organizers to set Macao an MICE destination.
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The Institute for Tourism Studies (IFT) has the honour to invite the local artist Denis Murrell to hold “Twenty Hours – An Exhibition of Abstract Painting by Denis Murrell and his Students at the IFT Café from 12 January to 2 March 2018. The general public are invited to come and appreciate the artistic abstract paintings which are made of absorbent tissue papers by Denis Murrell and his students.
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The 17^th Macao City Fringe Festival, organized by the Cultural Affairs Bureau, takes place from 12 to 21 January 2018. The opening ceremony was held on 12 January, at 3pm, at the Old Court Building, and was officiated by the acting President of the Cultural Affairs Bureau, Ieong Chi Kin, and the representatives of the art groups.
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