News

Information from the Statistics and Census Service (DSEC) indicated that total merchandise export for February 2013 amounted to MOP577 million, down by 12% year-on-year; value of domestic exports (MOP106 million) and re-exports (MOP471 million) decreased by 38% and 2% respectively. Total merchandise import reached MOP5.83 billion, up by 3% year-on-year. Merchandise trade deficit amounted to MOP5.26 billion for February 2013. From January to February 2013, total value of merchandise export increased by 24% year-on-year to MOP1.58 billion, of which value of re-exports (MOP1.30 billion) increased by 44%, but that of domestic exports (MOP286 million) decreased by 23%; meanwhile, total value of merchandise import increased by 17% to MOP13.02 billion. Merchandise trade deficit for the first two months of 2013 widened to MOP11.44 billion. In the first two months of 2013, merchandise export to Hong Kong (MOP977 million) and Mainland China (MOP200 million) increased by 48% and 23% respectively year-on-year, while export to the USA (MOP74 million) and the EU (MOP46 million) decreased by 9% and 18% respectively. Exports of Non-textiles (MOP1.44 billion) in the first two months of 2013 expanded by 32% year-on-year, of which exports of Diamond & diamond jewellery (MOP207 million) and Clocks & watches (MOP169 million) surged by 85% and 143% respectively; meanwhile, exports of Textiles & garments (MOP146 million) decreased by 19%, of which exports of Non-knitted or non-crocheted garments (MOP74 million) and Knitted or crocheted garments (MOP57 million) declined by 6% and 31% respectively. In the first two months of 2013, merchandise import originated in Mainland China (MOP4.15 billion) and the EU (MOP3.42 billion) increased by 22% and 25% respectively year-on-year. Imports of Consumer goods rose by 23% to MOP8.42 billion, with imports of Food & beverages (MOP1.66 billion), Gold jewellery (MOP1.54 billion), Watches (MOP972 million) and Motor cars & motorcycles (MOP554 million) increasing by 12%, 93%, 31% and 34% respectively. External merchandise trade reached MOP14.61 billion in the first two months of 2013, up by 17% compared with MOP12.43 billion a year earlier.
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Information from the Statistics and Census Service (DSEC) indicated that the unemployment rate (1.9%) and the underemployment rate (0.6%) for December 2012-February 2013 held stable as the previous period (November 2012-January 2013). Total labour force was 357,200 and the labour force participation rate stood at 72.0%. Total employment was 350,600, a decrease of 900 from the previous period. Analysed by industry, employment in Retail Trade and Hotels & Similar Activities saw increase, while that in Construction registered a decrease. Number of the unemployed was similar to the previous period, at 6,700; fresh labour force entrants searching for their first job accounted for 7.0% of the total unemployed, down by 4.6 percentage points. In comparison with December 2011-February 2012, the labour force participation rate went down by 1.2 percentage points; both the unemployment rate and the underemployment rate decreased by 0.2 percentage points.
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Consumer Council released its 'Supermarket Price Survey' of March. In comparison with data from last month, average prices of 33 percent of the surveyed products had been decreased, 25 percent of products recorded no change in price and prices of 41.5 percent of products had been increased. Most cooking oil brands surveyed recorded light decreases in price and rice prices remained stable. Consumer Council collected prices of about 350 products in its latest 'Supermarket Price Survey' dated 18th March. Prices of 115 products had been decreased slightly and mostly included cooking oil, beverages and dairy products. Among the 25 surveyed cooking oil brands, half of them recorded minimal to about 4 percent of price decreases. Average prices of cheese products have also dropped slightly in the past two months. Price increases were mainly recorded in canned foods, infant products and tissue papers, etc. but increases were only minimal and prices of 86 products recorded no change in price in both last and current surveys. Survey result also showed that prices of rice remained stable as 12 out of the 20 surveyed rice brands in the current survey recorded no change in price and other brands recorded minimal price drops. The Council also analyzed the percentage of lowest price products available in the 11 fixed choices of supermarkets. Tai Fung supermarket in Taipa recorded the highest percentage of on-shelf lowest price items in which 58 percent of over 260 items sold at Taipa Tai Fung recorded the lowest price among all surveyed supermarkets in the current survey. Park'n Shop at R. Areia Preta came next, with 21 percent of its over 210 on-shelf items having the lowest price. 21 percent of the over 260 items sold at Lee Fong supermarket at Almirante Costa Cabral also recorded the lowest price. Consumer Council reminds consumers that among the various supermarket chain stores surveyed, selling prices were found to vary in different branches in different regions. In this month's survey, price discrepancies were observed mainly in branches of San Miu supermarket in which about half of the 200 products sold at its R. dos Mercadores branch and Dr. Rodrigo Rodrigues Royal Center branch were found to have different selling prices, price differences ranged from 5 to 10 percent were observed and found mainly in canned food, seasonings and snacks. Prices of 'Tulip Pork Luncheon Meat /340g' differed for over 22 percent while price discrepancies ranged from 3 to 7 percent were observed in other canned food brands. A general price discrepancy of 5 percent was also observed in seasoning products. Prices of around 20 products were also found to differ up to 41 percent in different branches of both Royal Supermarket and Park'n Shop. Consumers are advised to check with the information available on the 'Supermarket Price Information Platform', especially the function of 'Top Ten Price Differences' for the surveyed products. Consumers can also download the 'Supermarket Price Information Platform' iPhone and Android apps to make price comparisons. The latest 'Supermarket Price Survey' is now available on Consumer Council's website (www.consumer.gov.mo), and the 'Supermarket Price Information Platform' iPhone and Android apps. The survey is also available free of charge at the offices of Consumer Council, IACM's Iao Hon and S. Domingos Markets, bookstores and libraries. Consumers may also access the resources through WAP channels on their mobile phones. For enquiry, please call 8988 9315.
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Organized by the Macao Trade and Investment Promotion Institute (IPIM), supported by the Entry-Exit Inspection and Quarantine Bureau of Zhuhai, the Gongbei Customs, the Macao Customs Service and the Macao Economic Services, and co-ordinated by the Macao Convention & Exhibition Association, Macau Fair and Trade Association and the Association of Advertising Agents of Macau, a Seminar on Logistics, Customs Clearance, Inspection and Quarantine Policies in force in Zhuhai, regarding Merchandise Intended for Trade Fairs & Exhibitions (Edition 2013) was held at 11:00 a.m. on March 22, 2013, at the Sicily Room of Macao Venetian-Resort-Hotel. Those present at the seminar included the President of Macao Trade and Investment Institute, Mr. Jackson Chang, the Assistant Director of Economic Affairs Department of Liaison Office of the Central People's Government in Macao SAR, Mr. Gao Shangde, the Deputy Director of the Entry-Exit Inspection and Quarantine Bureau of Zhuhai, Mr. Wang Xianfu, the Deputy Chief of Customs Clearance and Supervision Division of Gongbei Customs, Mr. Jiang Qingwen, the Chief of Macao Peninsula Enforcement Division of Macao Customs Service, Mr. Vong Vai Man and the representative of Foreign Trade Management Department of Macau Economic Services, Mr. U Ion Tak, Louis. Representatives of Macao´s convention and exhibition sector, including members of trade associations, convention and exhibition companies, logistics companies and trade fair exhibitors were also present. In view of the booming convention and exhibition industry, both in Mainland China and Macau, there has been an ever increasing travelling by the Macao´s convention and exhibition entrepreneurs to Mainland China through the Gongbei and Hengqin checkpoints in Zhuhai. In view of the foregoing and in order to provide to Macao´s convention and exhibition sector a better understanding of the procedures adopted by the competent authorities in Mainland China with regards to customs clearance, inspection and quarantine, IPIM invited the Deputy Chief of Customs Clearance and Supervision Division of Gongbei Customs, Mr. Jiang Qingwen, and the Chief of Customs Clearance Division of Entry-Exit Inspection and Quarantine Bureau of Zhuhai, Mr. Le Haiyang, to introduce the "Inspection and Quarantine Policy in Respect of Articles Intended for Exhibition in Trade Fairs 2013" and "Customs Clearance (Entry and Exit) of Articles Intended for Exhibition in Trade Fairs", so that Macao´s convention and exhibition sector could more efficiently arrange for the transportation, customs clearance, inspection and quarantine of the items intended for exhibition in trade fairs in the Mainland, being encouraged and promoted, in this way, the development of local sectors, enabling them to grasp the business opportunities in the regional co-operation. During the seminar, the participants enquired the speakers regarding procedures and requirements for customs clearance, what should be done in the event that the items intended for exhibition in trade fairs could not be sent back as planned, and also about the different requirements of the two territories concerning the content of the labels written in Chinese, affixed on the food souvenir from Macao, intended for sale at the trade fairs in the Mainland, coming to have a better understanding between the MICE and logistics operators on both sides.
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Thomson Reuters recently released the preliminary list of Highly Cited Researchers. Two scholars from Macao made the list. They are Prof. Fan Xitao and Prof. Li Yangmin, both from the University of Macau (UM). According to the latest statistics from the ISI Web of Science (WOS), as of the cutoff date UM scholars had published 372 journal papers in 2012, with a total citation frequency of 2,338, showing UM's strategy to step up efforts in research and international recruitment has been successful. The list includes authors of the most influential publications in 21 broad subject categories in life sciences, medicine, physical sciences, engineering and social sciences based on citation metrics. Researchers on the list represent less than one-half of one per cent of all published researchers, and their citation frequency in their respective areas of expertise rank among the world's top 1 per cent. The finalised list, when released in April, will be provided to Shanghai Jiao Tong University for its 2013 Academic Rankings of World Universities. Prof. Fan Xitao is chair professor and dean of the Faculty of Education (FED) at UM. He enjoys renown in quantitative methods and educational/psychological measurement. He has published more than 100 journal papers and book chapters. He was the first scholar from mainland China to be appointed editor-in-chief for Educational and Psychological Measurement, a major US academic journal in education, where he served as the editor-in-chief for two terms. Prof. Fan disclosed that while ensuring quality teaching and service, he will focus efforts on strengthening research at FED and will carry out more joint research projects with colleagues to create a rich research atmosphere. Prof. Li Yangmin is the director of academic research in the Faculty of Science and Technology (FST). He is a well-known scholar in robot, automation and control systems. Many of his projects have received support from the Science and Technology Development Fund and UM's Research Grant. He is on the editorial board of numerous top-tier international journals, including the IEEE Transactions on Automation Science Engineering, and the IEEE/ASME Transactions on Mechatronics. He has published more than 280 academic papers. Prof. Li said scientific research requires hard work and it's not easy to be included in the list of Highly Cited Researchers. He thanked UM for its great support as well as administrative colleagues and students, saying that they are the true unsung heroes. According to statistics from WOS, numbers and citation frequency of published papers by UM academics are on steady increase and now rank No.1 in Macao. In 2012 UM academics published 372 papers, up 142, or 61 per cent, from 2011. The citation frequency of UM's published papers in 2012 was 2,338, a year-on-year increase of over 35 per cent. Citation frequency is an important measure of a university's research achievements and the academic level of its academics. In recent years UM is increasing funding in scientific research and is recruiting high-quality academic staff internationally, which has led to considerable improvement in the quality of teaching and research. The fact that two UM academics made Thomson Reuters's Highly Cited Researchers List and that the citation frequency of their published papers hits new highs shows the university's orientation and the policies it has been implementing has been successful.
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In order to get hold of information on the market supply of infant milk powder and to review the infant milk powder hotline services, Consumer Council met with Health Bureau (SSM), Economic Services Bureau (DSE), Civic and Municipal Affairs Bureau (IACM) and representatives of 7 milk powder brands (Mead Johnson, Abbott, Friso, Snow Brand, Nestle NAN, Wyeth, and Cow & Gate) earlier. Representatives of the milk powder brands agreed to keep in touch with milk powder manufactureres and ensure the supply of infant milk powder in Macao. Meanwhile, suppliers indicated that they would monitor their hotline services and resolve any questions of local parents, especially to provide emergency supply of infant milk powder when parents are unable to purchase any in the market. The number of complaint cases received by Consumer Council have been reduced obviously after the hotline information of the 7 milk powder brands has been listed on the Council's website. The Council will continue to work with other deparmetns and milk powder suppliers to make sure the hotlines work normally and suppliers can provide services to consumers in time. For more information about the milk powder hotline services, please visit the Council's website (www.consumer.gov.mo).
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Consumer Council's online quiz on the Regulations of 'Consumer Arbitration Centre' has ended; over 3,000 correct entries have been received and are entitled to the lucky draw. To celebrate the 15th anniversary of the establishment of 'Consumer Arbitration Centre' and 'World Consumer Rights Day' on 15th March, Consumer Council organized an online quiz to promote the services and Regulations of 'Consumer Arbitration Centre'. Over 3,000 correct entries have been received and 40 winners will be drawn later. The list of winners will be announced on the Council's website and winners will be notified individually. A total number of 40 winners of the online quiz will be awarded with MOP500 cash voucher each. Consumer Council expresses its appreciation to the public for participating in the said event.
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According to statistics released today by the Monetary Authority of Macao, new approvals of both residential mortgage loans (RMLs) and commercial real estate loans (CRELs) grew in January 2013. With regard to outstanding balance, RMLs and CRELs also witnessed increases. New Lending Approved In January 2013, new RMLs approved by Macao banks rose 13.7% month-to-month to MOP3.0 billion; of which, 96.8% was extended to residents. In terms of value, new RMLs to residents increased 21.3% whereas the amount to non-residents dropped 60.9% compared with a month earlier. When compared with the same period of 2012, new approvals of RMLs witnessed marked growth of 123.4%. New RMLs collateralised by uncompleted units (i.e. equitable mortgage) rebounded 28.7% month-to-month to MOP0.1 billion. The equitable mortgage extended to residents, which accounted for 92.6% of the total, grew 31.4% while the amount to non-residents went up 2.4%. When compared with the same period of 2012, this type of bank mortgage expanded significantly by 384.6% New CRELs rose 61.6% month-to-month to MOP3.8 billion; of which, 83.8% was granted to residents. In terms of value, new CRELs to residents and non-residents increased 41.4% and 516.5% respectively. On an annual basis, new approvals of CRELs expanded significantly by 309.2%. Outstanding Balances As at end-January 2013, the outstanding value of RMLs reached MOP98.1 billion, an increase of 1.5% from one month earlier or 28.3% from a year ago. The resident component made up 93.0% of the total. Compared to end-2012, outstanding RMLs to residents and non-residents grew 1.6% and 0.8% respectively. Concurrently, the outstanding value of CRELs went up by 2.5% from end-December 2012 or 14.2% from end-January 2012 to MOP70.6 billion. Residents accounted for 91.1% of the loans. Compared with one month earlier, outstanding CRELs to residents and non-residents grew 2.7% and 0.4% respectively. Delinquency Ratios At the end of January 2013, the delinquency ratio for RMLs stood at 0.06%, up 0.01 percentage point from one month earlier but stayed flat from a year ago. The ratio for CRELs went down 0.01 percentage point from end-December 2012 but up 0.06 percentage points from end-January 2012 to 0.16%.
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The Cultural Affairs Bureau (IC) is preparing a Macao Cultural and Creative Industries map with the aim to promote this sector and enhance the popularity of local cultural and creative spaces. The map will feature 40 cultural and creative entities, selected from the existing Database for Cultural and Creative Industries. IC invites all cultural and creative entities not yet registered in this database to submit applications for this purpose. Deadline of registration is March 28, 2013. The cultural and creative entities to be featured in the map must be active and regularly in contact with the public. IC will base its selection on a comprehensive evaluation, which will include criteria such as the entity's development potential, its activities or product sales, as well as its brand image. The map will also contain information on Macao's World Heritage sites, museums and similar venues, in an attempt to further boost the city's cultural and touristic activities. The "Information Collection Form: Macau's Cultural and Creative Professionals" can be downloaded from the websites of the Cultural Affairs Bureau's (www.icm.gov.mo/dpicc/) or the Macau Cultural and Creative Industries (www.macaucci.com/). The form should be printed out, filled in and submitted, along with the supporting electronic file and attachments, to the Cultural Affairs Bureau (Tap Seac Plaza, Cultural Institute Building, Macao) or the Department for the Promotion of Cultural and Creative Industries (Av. da Praia Grande No. 567, BNU Building, 12th Floor A-D, Macao). Those already included in the cultural and creative industry database do not need to re-apply, but may submit any supplementary and updated information to IC. For enquiries, please call 85986716 or 85986721, during business hours, or email: info.dpicc@icm.gov.mo.
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Information from the Statistics and Census Service (DSEC) indicated that visitor arrivals increased by 11.5% year-on-year to 2,376,840 as the Lunar New Year fall in February this year; same-day visitors (1,263,616) accounted for 53.2% of the total. In February 2013, visitors from Mainland China (1,508,599) increased by 17.4% year-on-year, with 719,055 coming from Guangdong Province, 58,427 from Zhejiang Province and 50,539 from Shanghai; Mainland visitors travelling under the Individual Visit Scheme (IVS) totalled 754,692. Moreover, visitors from Hong Kong (602,137) increased by 15.8%, while those from Taiwan, China (81,096) and the Republic of Korea (39,380) decreased by 2.7% and 13.3% respectively. Long-haul visitors from the US (12,105), Australia (6,571), and Canada (5,236) decreased by 6.6%, 21.4% and 4.6% respectively year-on-year, but those from the UK (4,348) and the Russian Federation (2,044) increased by 3.3% and 9.8% respectively. The average length of stay of visitors held stable from a year earlier, at 0.9 day in February 2013. Overnight and same-day visitors had an average stay of 1.8 days and 0.2 day respectively. In the first two months of 2013, visitor arrivals totalled 4,689,161, up by 2.1% year-on-year and same-day visitors accounted for 52.4% of the total. Mainland visitors (2,982,384) increased by 7.3% year-on-year, with 1,370,758 travelling under IVS; however, visitors from Hong Kong (1,111,963) and Taiwan, China (157,937) decreased by 4.0% and 6.5% respectively.
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