News

Consumer Council conducted its specific price survey on canned foods on 6h July, surveying the retail prices of 11 canned food brand samples. In comparison with the data collected in May, prices of 3 canned food brands remained unchanged, while the prices of the other surveyed brands varied in different retail outlets. In the recent specific price survey on canned foods, the selling price of the same brand of canned food varied in different retail spots. The highest and lowest selling prices of "Porthos Sardines in Olive Oil (125g)" recorded in the recent survey were $10.50 and $9.00 respectively, with a percentage difference of around 16 percent. When compared with the price difference of around 50 percent found during last survey, a price drop of around 34 percent was recorded this time. For the other canned food brands surveyed, difference in prices ranged from 6.4 percent to 36.3 percent, with an obvious price discrepancy recorded on "Ma Ling Premium Ham Luncheon Meat (340g)", the highest and the lowest selling prices being recorded were $22.90 and $16.80 respectively. The latest specific price survey on canned foods is now available on the Council's website (www.consumer.gov.mo). For inquiry, please call 8988 9315.
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Submission of Works in Macau
The 18th International Postage Stamp Design Contest organized by Korea Post has begun. From now till September 20th, the Communications Museum provides collection service for local participants. The main objective is to promote stamp collection and encourage people interested in design to show their creativity by participating in this postage stamp design contest. Fabulous prizes will be awarded to the winners of the contest. The design by the Grand and Gold Prizes winners will be issued as a stamp by the Korea Post. In addition, Macau residents who submit their works through the Communications Museum and win the Grand or Gold Prizes will be granted by the Macau Post a set of free Macau-Korea round-trip air tickets to participate in the awards ceremony in Korea. The 18th International Postage Stamp Design Contest, under the themes "New Year Greetings" and "Energy Conservation", is divided into Youth Category (born after 01/01/1994) and University /General Category (born before 31/12/2012). For more information, interested participants are welcomed to visit the websites of the Korea Post and the Communications Museum: http://www.koreastamp.go.kr, http://www.koreapost.go.kr, http://macau.communications.museum.
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Mrs. Zhang Jinfeng, Deputy Commissioner of the Office of the Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the Macao SAR, and Mrs. Ao Ieong U, Deputy Director of the Identification Services Bureau of the Macao SAR, led 19 award-winning students and teachers of the first short film competition for all Macao secondary school students on "Consular Protection and Consular Services" to visit Beijing for exchange today (9th July 2012). With the guidance of the Department of Consular Affairs of the Ministry of Foreign Affairs of the People's Republic of China and the Government of the Macao Special Administrative Region, the first "Consular Protection and Consular Services Promotion Week" jointly organized by the Office of the Commissioner of the Ministry of Foreign Affairs in Macao and the Identification Services Bureau of the Macao Special Administrative Region was held in November 2011. Besides, a short film competition for all Macao secondary school students on "Consular Protection and Consular Services" was held in September 2011 in advance. It helps to strengthen the knowledge of Macao youngsters on "one country, two systems", foreign affairs as well as consular protection and consular services. In addition, the outstanding award-winning students and their instructors of the above-mentioned competition are invited to visit Beijing, so as to enhance their understanding of the current national condition, economic development and consular protection business of China and, at the same time, cultivate their patriotic feelings and senses of belonging and mission towards the motherland. Under the arrangements of the Office of the Commissioner of the Ministry of Foreign Affairs in Macao, the delegation will start a five-day exchange tour in Beijing. They will visit the Diaoyutai State Guesthouse, attend the press conference of the Ministry of Foreign Affairs, have an exchange seminar with the Foreign Ministry Spokesman of China and also conduct an interactive exchange at the High School attached to Tsinghua University. Such rich itinerary is a very unusual learning opportunity and precious experience to the students. Organizers expect that students will be benefited in various aspects for life. The Ministry of Foreign Affairs and the Office of the Commissioner of the Ministry of Foreign Affairs in Macao have been strongly supporting and intensively assisting the Special Administrative Region Government on the promotion of consular protection and consular services all the time. Moreover, they also maintain intimate cooperation with the Identification Services Bureau to safeguard the legitimate interests of Macao residents in other countries, ensuring that their personal safety and properties are well protected. Furthermore, different overseas consulates or embassies of the Ministry of Foreign Affairs of China have been providing timely and emergent help to Macao residents who are in difficulty in other countries.
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The three-day event, Macao Franchise Expo 2012 (MFE 2012) came to a successful end at 6PM today. Up till the closing time, the overall turnout was significantly high, up to 13,000. A total of 1,346 business matching sessions have been achieved, which resulted in the signing of 25 cooperation protocols. In her closing speech, Echo Chan, Acting President of Macao Trade and Investment Promotion Institute, concluded that, along with the enhanced internationalization of the MFE 2012, it will gradually demonstrate Macao's important role as a regional platform in chain and franchise business. With the ever-increasing number of premium booths and professional visitors, high professionalism of the event is reflected. It has also become a career platform for young talents due to the rise in number of young participants.
According to Kevin Bi, Director General of the Association of Advertising Agents of Macao, who presented the statistics collected over the three days, a total of 1,346 on-site business matching were carried out over the period, (1,196 last year), a rise of nearly 13 % year-on-year, of which 96% was specially arranged for SMEs and business beginners. A 19% increase year-on-year has contributed to the on-site signing of 25 cooperation protocols, (21 last year), including seven agreements on catering franchise, seven on branded chain store, seven on brand sales agency, one on branding promotion and three collaborative agreements, through the negotiation center arranged by the Organizer (not counting on-site direct negotiation).
In addition, Yu Cheng Lung, Consultant of Association of Chain and Franchise Promotion, Taiwan (ACFPT), Wilson Lee, Chairman of Licensing & Franchising Association of Hong Kong, Ivan Lei, Vice Director General of Macao Chain Stores and Franchise Association, Edison Choong Wan Sern, Trade Commissioner of Consulate General of Malaysia, Kunio Otsuyama, CEO of Ad Venture Co. Ltd (Japan) and Kevin Bi, Director General of Association of Advertising Agents of Macao shared their insight and opinions concerning the development of chain and franchise business in the press briefing and appreciate the fruitful outcomes of the event.
Professional level of the event has also been enhanced at 25% reflected on the number of professional trade visitor year-on-year. Given that Macao has been acting as a portal to attract international brands and chain store operators, MFE 2012 showcased a substantial number of branded products and services both from home and abroad to strengthen exchange and collaboration. According to the figures and number of participants collected by the organizer, the event this year has achieved the desired outcomes and offered a lively ambience at the venue. According to the preliminary data collected from a survey conducted on the first two days of the event, among all visitors, 18-30 year olds (52.7%) and 31-45 year olds (32.5 %) dominated the age group. This indicates that the MFE has met its objective of creating a platform for potential young entrepreneurs to start their own business. Most of the exhibitors were highly satisfied (89.3%) and appreciate the Organizers for the overall arrangement. They also expressed their interest in returning for the event next year. The event has gradually served as a business platform to foster a broader spectrum of business opportunities for young business beginners and enterprises to explore the marketing prospect of the industry. Building upon the fruitful results and previous experiences, in line with the modest diversified economic development and the tourism retail industry, this event continues to promote local branded products on an international scale and attract more international brands to invest in Macao. MFE 20I2 was organized by Macao Trade and Investment Promotion Institute (IPIM), Brazilian Franchise Association (ABF), Association of Chain and Franchise Promotion, Taiwan (ACFPT), Macao International Brand Enterprise Commercial Association (MIBA), Macao Chain Stores and Franchise Association (MCFA) and Licensing and Franchising Association of Hong Kong (LFA), supported by China Chain Store & Franchise Association (CCFA), International Franchise Association (IFA) and Japan Franchise Association (JFA), co-organized by Korea Franchise Association, Malaysian Retailer-Chains Association, Philippine Franchise Association and Thailand Franchise Association, and coordinated by Association of Advertising Agents of Macao. The slogan this year was "Brand Expansion Continues, Business Opportunities to be seized".
"Macao Franchise Expo 2013" (MFE 20I3), is tentatively scheduled from July 12 to 14 next year and will continue to actively promote the franchising business, and collaborate with business communities both at home and abroad to create more prospective business opportunities.
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As an integral part of the Macao Franchise Expo 2012 (2012MFE), the Forum on Chain and Franchise Business Opportunities of International Brands – "International Strategy for Franchise and Chain Store Industry", held on the eve of 2012MFE (July 5), invited the senior management of franchise associations from Mainland China, New Zealand, Korea, Malaysia, Japan and Philippines to present an overview of the franchise market in their countries and share their insights on operational strategies at Macau Tower Convention and Entertainment Centre.
In her welcoming speech, Echo Chan, Acting President of Macao Trade and Investment Promotion Institute, said that professional forums and meetings have been one of the key elements of MFE and hence three thematic forums were held respectively on the following days of the event. The participants could be inspired by experience sharing of the speakers and these in-depth discussions, and their understanding of market updates and development trends were improved. It is aimed that more practical lessons to be learnt from interactive discussions and hence helping enterprises to explore more business opportunities in the course of market expansion, she noted.
According to Chan, retail, hotels, food and beverages industries have been further developed. There have been an increasing number of world renowned brands and chain operations tapping the Macao market and seeking to expand their business by means of franchising. In the meantime, a number of Macao's local brands, Chan stressed, have started to make use of various models such as brand co-operation, chain operation and product agencies to transform and upgrade their business. They also have entered neighboring markets by establishing partnerships with the view to "go global" to s.
Themed at "International Strategy for Franchise and Chain Store Industry", the forum focused on discussing issues that local SMEs are concerned about when developing a franchise business. The forum was consisted of two sections , keynote speech delivery and panel discussion. The first section invited Ms Guo Geping, President of the China Chain Store and Franchise Association, David Foster, Chairman of Franchise Association of New Zealand Inc., Kim Yong Man, the Chairman of the Korea Franchise Association, Dato' Nelson Kwok Teng Toong JP, President of Malaysian Retailer-Chains Association, and Kyo Ito, Chairman of Franchise Committee in Japan Small and Medium Enterprise Management Consultants Association, Tokyo Branch, to be the speakers and share about industry trends of different markets. With regards to the challenges in the franchise market, Guo articulated that the ever-increasing inflation would result in a rise in operating costs and an increasing period for the return on investment. A higher risk due to the demand on product quality such as food safety also has to be taken into account. David Foster recommended all franchise operators to review local characteristics of target markets and take advantage of this to recruit new franchisees to achieve a sustainable export market. Kim Yong Man recalled that there are many things to consider when launching overseas, since the cultural differences are inevitable. It is important to select an appropriate local partner and to adapt locally, doing friendly marketing and meeting the taste of the target market in order to satisfy the taste of the consumers, he argued. Kwok Teng Toong expressed that, for a company to develop their franchise business on an international scale, it is highly recommended to devise a set of tailor-made business strategies and thoroughly evaluate its own strengths, weaknesses as well as operating conditions. In the panel discussion, the representatives of franchise industries, including Jose Magsaysay, Jr., Vice President of Philippine Franchise Association, Todd Sinelli, representative of International Franchise Association, Member of International Committee, Yoshie Shigemitsu, Director of Ajisen Ramen Head Quarters, Shigemitsu Industry Co., Ltd, and Cheung Kin Ting, Chairman of Cousin Cousin Café were invited to share their insights with the moderator - Kevin Ho, Vice Chairman of Council Board of Macao International Brand Enterprise Commercial Association. The joint discussion concerning international strategy for franchise and chain store industry was carried out in lively atmosphere. The panellists brought out several issues for discussion, including the challenges or difficulties a brand might encounter when entering overseas markets, and staff training, and how a product strikes a balance between internationalization and localization. Some speakers believe that when franchise operator desire to enter an overseas market, they are advised to coordinate with the Franchisee for a mutual understanding of product or service nature in target culture, which, on one hand fits the target market, and achieves effective promotion and market development on the other hand.
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On second day of the Macao Franchise Expo 2012 (2012MFE) opened to the general public. Overall turnout was significantly high as trade visitors and the public were incessantly admitted to the venue. A total of 632 business matching sessions were arranged, which resulted in the signing of 9 cooperation protocols.
Gimmicks to improve brand awareness On the second day, the MFE has attracted large number of visitors, including a delegation comprised of experts and entrepreneurs from the countries and regions in South and Northeast Asia, and an incessant stream of local individuals. At the exhibition venue, some exhibitors have devised ingenious schemes to attract attention, for instance, one of the exhibitors adorned with its own lovely cartoon characters for leaflet delivery. Attracted by cutely designed cartoon character, a lot of visitors are stationed in front of the booth for photo taking. Service demonstration such as trial therapy by a Japanese exhibitor has also gained much attention during the event. The above has benefited a lot for brand image building. Macao Ideas – A bridge connecting Macao brand with overseas markets
Setting its booth in the centre of the hall entrance, Macao Ideas, a product display centre launched by Macao Trade and Investment Promotion Institute (IPIM) shows a substantial number of locally designed and manufactured products, including fashion fashions, creative products, furnishings and household items. The display centre has been committed to facilitating procurement and agency agreement at home and abroad, as a means to create business opportunities for Macao products to "going global". During the event, Macau Ideas has taken this opportunity to launch its second edition of electronic magazine. The online version aims to reach more potential clients overseas and provide the most updated and diversified information of business opportunities to the local industry.
Increased professionalism With the theme of "From Building your Own Brand to Managing Chain Store Operations", the forum invited six speakers, including spokesperson of Taiwan associations, scholars from business and financial sectors, and leaders and elites of the industry, to look at various aspects of franchise business and further elaborate the problems and challenges they encountered. Participants could be inspired by a comprehensive in-depth discussion over the opportunities, challenges and future trend of the industries to explore the keys to success in the franchising operations. During the event, a number of seminars and presentations have been held to present exhibiting branded products and services.Such includes topic of "Legal Guidelines of Pioneering Franchising Operation in China" ,which introduced the franchising laws, policies and regulations, franchise system design and maintenance of franchisee relationship in Mainland China. A number of local and foreign corporate representatives arise were eager to ask questions to gear up for their business expansion in Mainland in the future.
Besides, Japanese Franchise Association was impressed with the international scale and professionalism of the event, and thus invited the organizer to form a Macao delegation to Japan to participate in their franchise exhibition in next year.
Since the thresholds of some franchise royalties of 2012MFE exhibitors are not high, this encourages more local young talents starting a business and SMEs transformation. Some of franchise royalties are as low as Mop10, 000. For those who are interested in beginning their chain and franchise business, it is definitely a golden opportunity.
Free food and beverage tasting particularly popular Aiming to create a lively atmosphere, the Organizers have especially devised MFE square, a food and beverage tasting area where the floor is cosily decorated with Portuguese pavement. Some of the food and beverage exhibitors offered free tasting, which received enthusiastic response from the visitors. Besides, a multi-functional area was set-up for a "Bridal Catwalk Show". Models wearing elegant bridal gowns designed and made in Macao paraded in front of the public, which attracted many visitors to stand still for photo taking.
Numerous cooperation protocols signed on Day 2
632 business matching sessions were arranged for the second day of the 2012MFE, resulting in the signing of nine cooperation protocols, as follows: Franchise agreement on Introducing Taiwanese Baking Technique, Agent of Central Air-Conditioning Accessory, Agreement on Establishment of Meet Fresh Franchise Store, Agreement on Establishment of Muse Fashion and Letter of intention of Sales Agents f Egg Tart. The signing parties range from Mainland China, Hong Kong, Taiwan, Mexico and Macao.
Only one day remaining, don´t miss the opportunity to visit 2012MFE
There is only one day remaining – July 8 (Sunday). Opening hours are from 11:00 a.m. to 6:00 p.m. Admission is free. Apart from the exhibition, a series of seminars and presentations will be continued, also Food and beverage tasting, Bridal Catwalk Show, latté arts performance will be provided some of the exhibitors, as well as mascot parade. The Organizers have arranged free shuttle bus service for visitors to and from the venue. There are two routes, one departing from Estrada Marginal do Hipodromo (near Royal Supermarket, Iao Hon Branch) and the other one from Avenida do Doutor Mario Soares (Macau Square). The Organizers hope that Small and Medium-Sized Enterprises planning to transfer and upgrade their business to grasp this opportunity and visit 2012MFE. For enquiries, please call the 2012MFE Secretariat at 6212 8811 or visit the 2012MFE official website: www.mfe.mo
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The Chief Executive, Mr Chui Sai On, met today with the Minister of State and Foreign Affairs of Portugal, Mr Paulo Sacadura Cabral Portas. At Santa Sancha, the official premises where the Chief Executive receives guests, Mr Chui welcomed Mr Portas and his delegation, who were visiting Macao as part of their visit to China. Mr Chui and Mr Portas discussed a range of issues including means to deepen and consolidate co-operations between Macao and Portugal, Macao's function in Sino-Portuguese relations and as a business platform between China and Portuguese-speaking countries. Mr Chui said the Macao SAR Government highly regarded the co-operative relations between Macao and Portugal, and said Portugal was the first foreign country he officially visited since he assumed office as Chief Executive. Mr Chui reviewed that during his visit to Portugal, Macao and Portugal agreed on holding regular meetings to enhance co-operation on trade, tourism, science, public security, legal and other areas, in accordance with the Co-operation Framework Agreement between the Macao Special Administrative Region of the People's Republic of China and the Portuguese Republic, signed in 2001. He said that the visit of Mr Portas to Macao represented their consensus of encouraging visits between high-ranking officials. He said Macao would continue to act as a platform and encourage companies in the Mainland and Macao to invest in Portugal. Mr Portas said Portugal had constantly and highly regarded relations between Portugal and Macao and Macao's function in the development of Sino-Portuguese relations. He said Portugal and Macao could strengthen their co-operation in different areas with inputs from officials and civil levels. He extended gratitude to Macao for its efforts in maintaining Portuguese language education and keeping Portuguese culture in Macao, and said they should facilitate co-operations in education and culture. Mr Chui acknowledged that Macao and Portugal should continue and strengthen their co-operation in trade, education, culture and especially training in languages. The Macao SAR would, in accordance with the Sino-Portuguese Joint Declaration and the Basic Law of Macao, continue to maintain the Portuguese culture, language and customs in Macao, said Mr Chui. He also said he wished the Portuguese community in Macao would continue to live and prosper in Macao. Mr Portas said he cared about the development of the Portuguese School of Macao and Mr Chui said the Government would continue to support it. Macao officials who attended the meeting included the Secretary for Administration and Justice, Ms Florinda Chan; the Chief-of-Cabinet of the Office of the Chief Executive, Mr Tam Chon Weng; the Chief-of-Cabinet of the Office of the Secretary for Administration and Justice, Ms Cheong Chui Ling, and the Head of Office of Macao Economic and Trade Office in Lisbon, Mr Raimundo Arrais do Rosario. The Portuguese officials who attended the meeting included Portuguese Ambassador to China, Mr Jose Tadeu Soares; the Secretary of State for Tourism, Ms Cecília Meireles; the Consul-General of Portugal in Macao and Hong Kong, Mr Manuel Carvalho; the President of the Agency for Investment and External Commerce of Portugal, Mr Pedro Reis, and the President of Instituto Camões, Ms Ana Paula Laborinho.
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Macao 2012-Jul-06 – Jointly organized by the Macao Trade and Investment Promotion Institute (IPIM), Brazilian Franchise Association, Association of Chain and Franchise Promotion, Taiwan, Macao International Brand Enterprise Commercial Association, Macao Chain Stores and Franchise Association and Licensing and Franchising Association of Hong Kong, supported by Chinese Chain Store & Franchise Association, International Franchise Association and Japan Franchise Association, co-organized by Korea Franchise Association, Malaysian Retailer-Chains Association, Philippines Franchise Association and Thailand Franchise Association, and coordinated by Association of Advertising Agents of Macao, the Grand Opening of the Macao Franchise Expo 2012 (2012MFE) takes place at Hall D of the Venetian Macao-Resort-Hotel.
With the slogan "Brand Expansion Continues, Business Opportunities to be seized" this year, the event continues to strive to promote international franchise and chain business, and brand co-operation through various types of means, including exhibition, forum, business matching and product/service presentations. Also, 2012MFE promotes local brand products on an international scale and fosters a more desirable business communication platform for local young business beginners and SMEs. A total of 493 business matching sessions is successfully achieved on July 6 and of 15 cooperation protocols are signed.
Representatives of IPIM stresses that, in line with the regional strategy to build Macao into a "world-class tourism and leisure centre" and an "economic and trade co-operation platform", the 2012MFE provides new opportunities for brand co-operation, chain and franchising operations. In recent years, a number of world famous brands have entered the Macao consumer market by means of franchising, chain operation and licensing, bringing in new content and fresh ideas to the local consumer market. The awareness and participation of local business and industrial sectors, particular SMEs, in such business models have been increasing largely and constantly, Chan notes.
Following the boom of the local retail industry, the retail sales volume amounted to Mop 12.88 Billion in the first quarter this year, a rise of 28% year on year. The growth, along with the gradual introduction of world-renowned brands into the local market, has resulted in a diverse range of products and services for local residents and nearly 3 million tourists annually, she points out. 2012MFE – The Expanding International Business Platform
Building on foundations of previous fruitful results and experiences, 2012MFE, being the fourth edition of the event, is committed to promoting and establishing a business platform to welcome international brands from different countries and regions to take part in the exhibition to look for business partners in Macao. 20I2MFE has recruited 156 exhibitors from 14 different countries or regions, which include Mainland China, America, Japan, South Korea, Britain, France, Malaysia, Thai, Singapore, Philippine, Vietnam, Taiwan, Hong Kong and Macao, attracting over 150 franchise and chain operators and brand agencies from a variety of industries like food and beverages, retail, services, education, strategic planning and marketing, and so on, showcasing a total of 165 brands. The venue this year covers a total of 5,400 square metres with 207 booths. The number of premium booths has reached to 23 (comparing 9 in the MFE 2011), an increase of about 155%. There are a total of 107 overseas exhibitors (around 70%. The number of Macao exhibitors increases from 38 in 2011 to 49 this year, an increase of 28%. The event has gained ever increasing worldwide and market exposure, with the greater participation of international organizations. It has also introduced four franchise associations as co-organizers and two local enterprises as partner organizations.
During the event, three sessions of Forum on Chain and Franchise Business Opportunities of International Brands under different themes, as well as a number of thematic seminars and presentations will be held. A series of one-stop support services is provided, enabling local and overseas business visitors to obtain practical information on franchising operations.
The forum on the first day of the expo is themed at "Beyond Macao – Opportunities of Development in Regional Franchise Business", and groups of famous international chain business specialists and senior corporate officials from Taiwan and Macao were invited to shares their visions. 15 Cooperation Protocols Signed On the First Day On the first day of the event, a total of 493 business matching is successfully achieved and has contributed to the signing of 15 cooperation protocols, including cooperative brand product promotion, brand chain operation and licensing, agency stores of Australia Milk powder, Europe snack and beverage brands, establishing branded delicacy centre and food research and development centre and so on. The cooperation protocols are initiated and signed by enterprises from numerous countries and regions including Macao, Mainland, Hong Kong, Australia, Malaysia and Britain Virgin Islands.
Officiating guests at the Macao Franchise Expo 2012 included Echo Chan, Acting President of Macao Trade and Investment Promotion Institute (IPIM), Wang Jia Bao, Director of Economic Affairs Department (Representative of Wang Xin Dong, Director General) of the Liaison Office of the Central People's Government in the Macao SAR, Liu Jianbo, Director-General, Department of General Affairs, Office of the Commissioner of the Ministry of Foreign Affairs of the People's Republic of China in the Macao SAR, Sou Tim Peng, Director of Economic Services of the Government of the Macao SAR, and representatives of 2012MFE organizers, supporting organizers and co-organizers, etc. The opening ceremony presided over by the officiating guests marked the kick-off of the 3-day event.
Forum Highlight on July 7
The topic of the forum on July 7 is "From Building Your Own Brand to Managing Chain Store Operations" and will be held in the Ballroom J of the Venetian Macao-Resort-Hotel from 3:00 pm to 4:45 pm. Through focus questions by the moderator and experience sharing of guest speakers of the field, including professors, leaders and senior representatives from Taiwan brand enterprises and business associations, it is expected that the audience can gain more knowledge on formula of success for franchise and chain business, as well as future trends of industry development. The forum is free of charge and open to public. Brand Re-packaging Consultancy Pavilion Enhances Product Value
In order to strengthen the brands both locally and internationally, the Organizers specially invite representatives from Beijing, Taiwan, and Hong Kong counterparts, who are expertise in brand packaging services, to share their insights and provide opinions tailored to different needs for international brands in "2012MFE Brand Re-packaging Consultancy Pavilion". Invited consultants illustrate and explore the techniques and skills in product packaging and examine how brand packaging strategically enhances the brand value. Also, on-site consultancy services will be available for business beginners and SMEs.
Free Admission. Don't Miss the Opportunity!
Admission throughout the three-day event is free. Business representatives and general public are all welcomed to visit the expo. Similar to the previous MFE, some of the exhibitors will provide free-tasting, together with MFE Square, a multi-functional area, which is expected to allow exhibitors to demonstrate their products and boost the match making atmosphere with fabulous Wedding Dress Shows, Latte Art demonstration, parade of MFE Mascot and cartoon characters. July 7 and July 8 will be open to general public. The opening hours on July 7 (Saturday) are from 11:00am to 8:00 pm and the opening hours on July 8 (Sunday) are from 11:00 am to 06:00 pm.
For public convenience, two routes of shuttle bus service will be available on Saturday and Sunday. Round trip shuttle 1 goes between Estrada Marginal do Hipodromo (near Royal Supermarket, Areia Preta) and MFE venue. Round trip shuttle 2 goes between Avenida Doutor Mário Soares ( Macao Square ) and MFE venue.
For other enquiries, please contact the secretariat of 2012MFE, Tel: (853) 6212 88ll or visit the MFE official website: www.mfe.mo.
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What can the University of Macau (UM) learn from the governance model reforms of public universities in Europe, the United States and Asia? What employment and education prospects do UM graduates face? Why are universities around the world attaching importance to the Learning Commons? Answers to these questions and more can be found in the latest issue of umagazine. One thing governing a university and governing a society or company have in common is that different governance models are required during different stages of development if the institution is to grow constantly and meet society's demand. Now the country and the SAR government have placed an important historical mission on UM: to become a world-class university. But to achieve that goal, a university needs not just world-class facilities, but also a world-class governance model. In recent years, public universities in Europe, the United States and Asia have adopted new governance models that suit their unique needs. Determined not to be marginalized in the process, UM is also revising its Charter and studying the experience of other universities, in hopes of finding a governance model that best suits its own needs and stage of development. This issue's cover story, titled "Tailor-making Governance Models with the Times: The Way to Success", provides an in-depth discussion about this topic. Early this year, UM held a series of academic events, and one of them was a seminar by Nobel laureate in economics Prof. Robert A. Mundell, on the European debt dilemma and its impact on East Asia and the world economy. In the interview for this issue of umagazine, Prof. Mundell shares his insightful views on the future trends in the world economy as well as on student training. We cannot talk about student training without mentioning the fact that UM graduates face good employment and education prospects. According to a survey, nearly half of last year's UM graduates received job offers before graduation, and nearly 20 percent were accepted by top universities both at home and abroad for further studies. In fact, many UM alumni have carved out a niche for themselves in different professions. In the article titled "Gaining a Head Start upon Graduation", UM graduates share their experiences and views, giving readers a better understanding as to why UM graduates can gain a head start upon graduation. Other exciting topics covered in this issue of umagazine include the joint research centre for innovative Chinese medicine co-established by UM, Peking University, Taiwan University and the University of Hong Kong, which is hoped to inject new technologies and energy into Chinese medicine development in the four Chinese-speaking territories, UM's microelectronics team's special "date" in Beijing which brought home the first second-class State Scientific and Technological Progress Award for macao, the Learning Commons that makes learning a more enjoyable experience, the origin of .mo and the pivotal role UM played in the process, and the story of a UM alumus who thinks that academic study is a game to be won. umagazine is a bi-annual publication launched by UM in 2009. For e-versions, please visit www.umac.mo/umagazine.
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Consumer Council conducted its price check on 16 brands of rice from 20 retail spots (including supermarkets and grocery stores) on 2nd July, relevant data has been uploaded to the 'Specific Product Price Information Platform' on the Council's website. In comparison with the data collected in the specific survey on rice in May, prices of 11 brands of rice remained unchanged, while for the other 5 brands, price increase was found in specific retail spots only. For the data collected during the monthly supermarket price supermarket in June, most brands of rice recorded a slight decrease in price. This reflected stability in price when compared with all the prices of rice collected in the recent surveys. In the current specific price survey, the price of 'Golden King Rabbit (8kg)' was $118, which was the same in all the retail spots surveyed. As for the other brands, the percentage difference in price ranged from 1.02% to 20.98%. Consumers may access the relevant resources on the 'Specific Product Price Information Platform' on the Council's website and make price comparisons. For enquiry, please call 89889315.
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