News

Information from the Statistics and Census Service (DSEC) indicated that total merchandise exports amounted to MOP1.04 billion in May 2024, down by 11.6% year-on-year. Value of re-exports fell by 10.9% to MOP903 million, of which re-exports of Articles for casino and Wine slid by 89.2% and 58.3% respectively, while those of Perfumes and Diamond & diamond jewellery surged by 151.1% and 57.1% respectively. Value of domestic exports dropped by 16.2% to MOP132 million, of which domestic exports of Garments and Bread, pastry, cakes, biscuits & other bakers' wares declined by 50.5% and 44.8% respectively, while those of Pharmaceutical products & organic chemicals rose by 55.1%. Meanwhile, total merchandise imports dipped by 14.2% year-on-year to MOP10.61 billion; imports of Platinum jewellery, Construction materials and Beauty, cosmetic & skincare products reduced by 52.9%, 52.5% and 45.6% respectively, whereas imports of Articles for casino and Pharmaceutical products showed respective growth of 210.7% and 48.6%. Merchandise trade deficit totalled MOP9.58 billion in May.
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The Macao Trade and Investment Promotion Institute (IPIM) held the “Macao Convention Ambassador” Award Ceremony today (26 June), and 24 leading figures from the major industries and academic experts were bestowed with letters of appointment, officially designating them as the “Macao Convention Ambassadors”. Taking advantage of their extensive network and influential position in their industries, the “Macao Convention Ambassadors” will not only enhance the city’s reputation as the preferred destination for global conferences and destinations, but also attract an increased number of regional and international professional conferences to Macao. In alignment with the “1+4” development strategy for appropriately diversified economy, the initiative aims to drive forward the development of Macao’s MICE industry.
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The “Application of 5G Communication and Information Technology on Accessibility” Seminar, organized by the Macao Post and Telecommunications Bureau (CTT) and in collaboration with the Social Welfare Bureau was held on 26^th June this year at the Auditorium of the Communications Museum.
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Macau International Airport carried out the Exercise on the Unlawful Seizure of Aircraft at 02:30 this morning, simulating the scenario of a foreign registered aircraft destined to Macao being unlawfully seized by a foreign armed political group. The hijackers demanded the Macao SAR Government to release their group leader who was imprisoned in Macao, pay the ransom and allowed the aircraft to fly back to the point of origin. The hijackers also threatened to kill the passengers and crew members held captive on board.
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Jointly organized by Macao Government Tourism Office (MGTO), Consumer Council and Sands China, the “Quality Retail Services” Seminar Series 2024 (the “Seminar Series”) begins today (26 June), which consists of four themed seminars to be held successively from this month through the second half of this year. Tailored for Certified Shops and employees in the retail and tourism-related sectors, the Seminar Series is held to upgrade retail and tourism service quality, enhance satisfaction among local and visiting shoppers, in turn fostering quality tourism development and reinforcing Macao’s status as a world centre of tourism and leisure.
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In order to promote the development of Macao into a “City of Performing Arts”, create performance opportunities for local performing arts industries, highlight Macao’s role as the “One Base” platform for cultural exchanges, and enhance the image of a “Cultural Macao”, the Cultural Affairs Bureau (IC, from its Portuguese acronym) is calling for the proposals for local commissioned productions, supporting stage works with potential to premiere in the next two years. With this project, IC aims to promote the production of outstanding artistic works in Macao and foster the development of local performing arts. The submission deadline for proposals is 8 September 2024.
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According to the statistics released today (26 June) by the Monetary Authority of Macao, on 31 December 2023, investment of Macao residents (including individuals, the government and other legal entities but excluding Macao’s foreign exchange reserves) in securities issued by unrelated non-residents reached MOP1,104.5 billion at current market value, representing a rise of 3.0% and 9.7% when compared with end-June 2023 and end-2022 respectively. Among the various instruments of portfolio investment, equity securities (including mutual funds and investment trust units), long-term debt securities and short-term debt securities were valued at MOP335.3 billion, MOP693.8 billion and MOP75.5 billion respectively. As compared with a year ago, the market values of equity securities and long-term debt securities increased by 4.4% and 16.5% whereas that of short-term debt securities decreased by 16.4%.
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Information from the Statistics and Census Service (DSEC) indicated that inbound package tour visitors leapt by 187.3% year-on-year to 242,000 in May 2024, with those from mainland China soaring by 173.0% to 219,000. International tour visitors jumped by 522.2% to 18,000, with those coming from the Republic of Korea (7,000) and India (4,000) surging by 620.7% and 1,662.4% respectively.
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