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Residential property price index for 2023 and October – December
Information from the Statistics and Census Service (DSEC) indicated that the overall average residential property price index for 2023 decreased by 3.8% year-on-year to 244.4. The indices for existing residential units (262.4) and pre-sale residential units (286.1) dropped by 3.4% and 4.0% respectively year-on-year. Analysed by quarter, the overall residential property price index for the fourth quarter of 2023 fell by 3.7% from the third quarter.
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Small and medium-sized enterprise credit statistics – Second half of 2023
According to statistics released today (8 February) by the Monetary Authority of Macao, newly approved small and medium-sized enterprise (SME) credit decreased in the second half of 2023. Meanwhile, the outstanding balance of SME loans dropped while the share of SME loans to major industries remained stable.
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Third quarterly lucky draw results of HIES 2023 announced
The Statistics and Census Service (DSEC) has completed nine months of data collection for the one-year Household Income and Expenditure Survey 2023 (HIES 2023). As at the end of the third quarter, DSEC collected data from a total of 4,039 residential units, with 1,897 units completing the online questionnaire, which accounted for 47.0% of the completed questionnaires.
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Beware of Artificial Intelligence Scam
Recently, the Hong Kong police have discovered for the first time that scammers are using AI technology to defraud businesses. The scammers use deepfake technology, a form of artificial intelligence, to impersonate a senior financial officer of a multinational company. They then asked the company's Hong Kong branch employees to attend a video conference via SMS. During the meeting, the employees convinced that the participants were indeed the company's chief financial officer and financial staff, made multiple transfers per their instructions. The transfers totaled approximately HKD 200 million. Only later, when the employees communicated with the multinational company headquarters, did they realize they had been deceived.
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【Enjoy festive highlights】Macao Grand Prix Museum debuts new exhibit and presents circuit bus tour
Under the management of Macao Government Tourism Office (MGTO), the Macao Grand Prix Museum (the “Museum”) widens the collection with a Lynk & Co 03 TCR race car. Once darting on the Guia Circuit, the car now joins other exhibits to recount another glorious chapter of the Macau Grand Prix. During Chinese New Year, the Museum will also hold the “Explore the Guia Circuit” Bus Tour once again as one of the festive highlights to enrich local and visiting museumgoers’ experience for a joyful Spring Festival.
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Lai Chi Vun Shipyards stage evening concert in February
In order to promote public appreciation of its participation in culture and the arts and to provide more performance platforms for local artistic and cultural practitioners, the Cultural Affairs Bureau (IC, from the Portuguese acronym) has been hosting a new round of evening concerts at the Lai Chi Vun Shipyards – Plots X11-X15 in the second half of each month between December 2023 and February 2024, gathering musicians from various regions and in different languages to present a variety of music performances in multiple genres and facilitate exchanges. Following the concert featuring Macao rock bands in January, the evening concert “Spectrum of Musical Genres” will be held at 4 pm on 17 February. Admission is free. Residents and tourists are welcome to participate.
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[Macao-Hengqin Integrated MICE Resources for “1+4” Industries Development] Macao-Hengqin MICE Industry Interacts to Deepen the “Multi-Venue Event” Model
To further reinforce the synergistic development of Macao-Hengqin MICE industry and implement the “1+4” industries development plan, the Macao Trade and Investment Promotion Institute (IPIM) organised a delegation of more than 30 representatives from the MICE industry and the government departments of these two regions to pay an on-site visit to the Guangdong-Macao In-Depth Co-operation Zone in Hengqin (the “In-Depth Co-operation Zone”) on 5 February. This is the first on-site visit held by IPIM this year, in an attempt to help the industry better understand and make good use of the convention and exhibition hardware and software facilities in the Co-operation Zone, so as to maximise the advantages of the Macao-Hengqin MICE industry. Some industry representatives believed that the convention and exhibition resources of these two regions are mutually complementary, so that the integrated development could enhance the competitiveness of the industry players of both regions.
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Executive Director of Board of Directors of IPIM Elaine Wong Takes Office
The inauguration ceremony of Executive Director of Board of Directors of the Macao Trade and Investment Promotion Institute (IPIM) Elaine Wong was held at the office in the China-PSC Complex today (7 February). Witnessed by Secretary for Economy and Finance Lei Wai Nong and Chief of Office of the Secretary for Economy and Finance Ku Mei Leng, the ceremony was moderated by President of IPIM’s Board of Directors Vincent U, and attended by IPIM’s leaders and department heads.
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Mortgage loans statistics – December 2023
According to statistics released today (7 February) by the Monetary Authority of Macao, new approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) both decreased month-on-month in December 2023. With regard to the outstanding balances, both RMLs and CRELs witnessed declines on a monthly basis.
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IFTM extends collaboration with SEG by launching “4+1 Progression Pathway”
The Macao Institute for Tourism Studies (IFTM) proudly launches the “4+1 Progression Pathway” in collaboration with Swiss Education Group (SEG), providing direct admission opportunities to IFTM students who are interested in pursuing further studies abroad.
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