News

Information from the Statistics and Census Service (DSEC) indicated that the value of retail sales surged by 80.1% year-on-year to MOP20.19 billion in the third quarter of 2023. After removing the effect of price changes, the sales volume index leapt by 78.0% year-on-year.
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Information from the Statistics and Census Service (DSEC) indicated that there were 2,753 organisations operating in the four core domains of cultural industries in Macao in 2022, namely 'Creative design', 'Cultural exhibitions & performances', 'Art collection' and 'Digital media'; the figure represented a decrease of 22 year-on-year. Total number of persons engaged rose by 0.3% to 12,119, while Compensation of Employees went down by 7.9% to MOP 1.94 billion. Total Service Receipts of the cultural industries grew by 3.2% to MOP 5.88 billion. Gross Value Added that measures the contribution of the industries to the economy went up by 7.8% to MOP 2.24 billion, accounting for 1.1% of the total Gross Value Added of all economic activities in Macao in 2022, up by 0.3 percentage points from 2021 (0.8%). Gross Fixed Capital Formation increased by 36.8% to MOP 1.25 billion, mainly due to the construction of venues and optimisation of facilities and equipment by the organisations operating in ‘Cultural exhibitions & performances’. Among the four domains, Service Receipts (MOP 3.07 billion) and Gross Value Added (MOP 1.35 billion) of ‘Digital media’ took up the largest shares, with 52.2% and 60.4% of the respective total in the cultural industries.
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The Global Legal & Sustainable Timber Forum 2023 (GLSTF 2023) successfully concluded today (22 November). The two-day event featured a main forum, specialised sub-forums and parallel activities presented by international organisations in the industry, attracting 700 guests from 36 countries and regions. The outputs of two international collaborative research projects were released and two co-operation agreements were signed during the event, facilitating the recovery and sustainable development of the global timber industry and establishing an exchange and collaboration platform for the industry while demonstrating Macao’s advantages in hosting international specialised exhibitions and conferences of new forms.
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Co-hosted by the Macao Trade and Investment Promotion Institute (IPIM) and the International Tropical Timber Organization (ITTO), the Global Legal & Sustainable Timber Forum 2023 (GLSTF 2023) kicked off today (21 November) at the Galaxy International Convention Center in Macao. As the first timber-themed forum held in Macao, it attracted a total of 700 guests from 36 countries and regions to the opening ceremony.
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Information from the Statistics and Census Service (DSEC) indicated that there were 8,566 full-time employees in Financial Activities at the end of the third quarter of 2023. Among them, 7,281 were in the Banking Sector, 801 in Insurance Activities and 274 in Other Financial Intermediation, up by 1.8%, 4.8% and 10.5% respectively year-on-year.
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The selected proposal for the “60^th International Art Exhibition of La Biennale di Venezia – Collateral Event from Macao, China”, organised by the Macao Museum of Art (MAM), under the auspices of the Cultural Affairs Bureau (IC), was announced. The exhibition proposal “Above Zobeide”, submitted by local curator Chang Chan and artist Wong Weng Cheong, was selected to represent Macao at the Biennale in Venice, Italy in April next year.
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The Judiciary Police (PJ) has received at least 22 reports of concert ticket scams over the past week, with 15 victims being students. Despite the high risks of being defrauded, some victims who were too eager to see their idol's performances still chose to engage in private transactions that required payment before receiving the goods.
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Organised by the Cultural Affairs Bureau (IC, from the Portuguese acronym), the Autumn Tap Siac Craft Market will continue to be held from Thursday to Sunday (23 to 26 November) at Tap Siac Square, featuring a new group of cultural and creative brands. The public is welcome to participate in this cultural and creative event in the Guangdong-Hong Kong-Macao Greater Bay Area.
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As part of the University Lecture Series, the University of Macau (UM) will hold three lectures under the theme ‘art innovation in the age of AI’. The talks feature three renowned artists and educators from the Central Academy of Fine Arts (CAFA), who will delve into various artistic fields. The talks will be conducted in Mandarin. All are welcome to join.
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