News

According to the statistics released today (18 February) by the Monetary Authority of Macao, the proportion of international business in the local banking sector rose in the fourth quarter of 2024. At end-December 2024, the share of international assets in total banking assets increased to 83.4% from 83.3% at end-September 2024, while the share of international liabilities in total banking liabilities rose to 80.9% from 80.5%.
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Due to the enthusiastic response of the participation of local film and TV production entities in the “Macao Pavilion” at the Hong Kong International Film & TV Market (FILMART) in the open call for 2025, the Cultural Affairs Bureau (IC, from the Portuguese acronym) will continue to call for exhibitors from 18 to 20 February. Eligible entities are welcome to apply.
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The tourism crisis assistance team (referred to as the “team”) joined Macau Red Cross personnel to arrive at Taichung, Taiwan Region on 13 February, where they strove to provide adequate assistance for the Macao family involved in the gas explosion incident there.
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The 2025 SJM Macao International Dragon Boat Races, organized by the Sports Bureau, SJM Resorts, S.A. (SJM) and the Dragon Boat Association of Macao, China (DBAMC), and co-organized by the Municipal Affairs Bureau and the Public Administration and Civil Service Bureau, will take place on 24, 25 and 31 May at the Nam Van Lake Nautical Centre.
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Concerning the Public Security Police Force’s operations and the Labour Affairs Bureau’s operations as well as various joint operations against illegal workers in January 2025, the figures are set out below:
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Henry Fok Pearl Jubilee College (HFPJC) of the University of Macau (UM) and Nanyang College of Xi’an Jiaotong University have become sister colleges, marking a new milestone in their cooperation.
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Information from the Statistics and Census Service (DSEC) indicated that a total of 5,197 building units and parking spaces were purchased and sold in 2024 as per Stamp Duty record, an increase of 17.7% year-on-year. The total value of transactions was MOP28.04 billion, up by 20.7%. The overall average price per square metre of usable area of residential units (MOP85,114) dropped by 9% year-on-year. Number of residential units that were issued the licence of use was 640.
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Information from the Statistics and Census Service (DSEC) indicated that number of MICE events rose by 31.4% (+364) year-on-year to 1,524 in 2024, of which those themed on “Commerce & Management” and “Tourism” increased by 140 and 78 respectively. Meanwhile, the total number of MICE participants & attendees fell by 17.1% year-on-year to 1,332,000, dragged down by a decrease in the number of exhibition attendees. MICE-driven receipts of the non-gaming industries in Macao were estimated at approximately MOP5.48 billion in 2024, down by 8.2% from 2023 (MOP5.97 billion, revised).
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Macao’s tourism crisis assistance team continued to provide all necessary assistance for the Macao family involved in the gas explosion incident together with staffers of Macau Red Cross in Taichung, Taiwan Region today (15 February).
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