News

The Monetary Authority of Macao announced today (16 February) that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP225.7 billion (USD28.03 billion) at the end of January 2024. The reserves increased by 0.9% from the revised value of MOP223.6 billion (USD27.77 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-January 2024 represented 11 times the currency in circulation or 91.1% of pataca M2 at end-December 2023.
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The Cultural Affairs Bureau presents Mediterraneo, an ancient music concert that will take the audience back to the roots of old civilizations at the Macao Cultural Centre’s Grand Auditorium on March 16 (Saturday).
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Information from the Statistics and Census Service (DSEC) indicated that the average rent per square metre of usable area for residential units in Macao was MOP131 in 2023, down by 3.0% year-on-year. When compared to 2019, the figure represented a fall of 19.6%, which showed that the coronavirus pandemic had a rather large impact on residential rents. Among the districts with a relatively high number of lease declarations, the average rents for residential units in Areia Preta & Iao Hon (MOP123), ZAPE (MOP111) and Baixa da Taipa (MOP131) decreased by 5.4%, 4.3% and 3.7% year-on-year respectively, whereas the average rent for those in NATAP (MOP154) increased by 1.3%.
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The New Year marks a new beginning. In 2024, as we welcome the Year of the Dragon, it is also a joyous moment marking the 75^th anniversary of the founding of the People's Republic of China and the 25^th anniversary of Macao's return to the motherland. With the twin anniversaries, Macao Polytechnic University organised Lunar New Year event to send festive greetings. Faculty members, staff, and students come together to welcome the arrival of spring, expressing their heartfelt wishes for prosperity and happiness for our motherland and Macao in the new year.
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The Faculty of Arts and Humanities (FAH) of the University of Macau (UM) held the Macao Humanities Forum, featuring Hilary Chappell, chair professor at the School of Advanced Studies in the Social Sciences (EHESS) in Paris, France, and member of the Academia Europaea, as the speaker. Prof Chappell gave a lecture titled ‘Semantic Shifts and Areal Typology in Asia’, which attracted many on-site and online participants, including faculty members and students of UM.
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Following the economic recovery in 2023, an internationally influential MICE industry conference and a new sports-themed event will be held in Macao in the first quarter of 2024. According to the record of the “One-stop Service” for MICE Bidding and Support provided by the Macao Trade and Investment Promotion Institute (IPIM), nearly 20 convention and exhibition events will be held in the first quarter of 2024, which are expected to attract approximately 33,000 MICE visitors. As one of the four major industries, the MICE industry has been actively playing the platform role to promote and implement the construction of the "1+4" industries.
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In order to implement the development plan for the "1+4" industries, the Macao Trade and Investment Promotion Institute (IPIM) will strengthen the effectiveness of "attracting investments through exhibitions" in its work plan in 2024. At the same time, by taking advantage of Macao-Hengqin integrated development, IPIM will strive to attract more high-quality projects related to the "1+4" industries to Macao from three major target markets, that is, the Guangdong-Hong Kong-Macao Greater Bay Area, ASEAN countries and Portuguese-speaking countries.
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As one of the major Chinese New Year festivities, the “Celebrations of the 25^th Anniversary of the Establishment of the Macao SAR – Parade for Celebration of the Year of the Dragon 2024” is grandly unveiled at Sai Van Lake Square tonight (12 February) on the 3^rd day of Chinese New Year, followed by the first dazzling show of the Chinese New Year Fireworks Displays. Many local and visiting spectators enjoyed the extravaganzas in celebration of Chinese New Year and the 25^th Anniversary of the Establishment of the Macao SAR.
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