News

In the newly-released 2023 ShanghaiRanking's Global Ranking of Academic Subjects, the Macao Institute for Tourism Studies (IFTM) ranks 42th globally in the subject “Hospitality and Tourism Management”, which is significantly higher than last year’s ranking of 51 – 75. In addition, IFTM also offers Dual Master’s Programmes with the University of Surrey from the United Kingdom and the University of Queensland from Australia, which rank 2nd and 8th globally in the above ranking. These collaborations open new doors for IFTM students to pursue global opportunities, and contribute to the enhancement of the quality of education.
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In order to foster the development of Macao’s film and TV industry and help the industry to expand the market, the Cultural Affairs Bureau (IC, from the Portuguese acronym) will set up the “Macao Pavilion” at the Hong Kong International Film & TV Market (FILMART) in 2024. IC is now calling for the participation of local film and TV production entities at the FILMART. Interested parties are welcome to apply from 26 October to 20 November 2023. The application is free of charge.
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Information from the Statistics and Census Service indicated that there were 15,824 wholesale & retail establishments, market stalls and fixed street stalls operating in 2022, an increase of 935 year-on-year; total number of persons engaged rose by 2,330 to 65,269. Receipts and expenditure of Wholesale & Retail Trade dropped by 6.4% and 3.3% year-on-year to MOP105.01 billion and MOP99.97 billion respectively. Gross Surplus declined by 36.4% year-on-year to MOP6.57 billion. Gross Value Added that measures the sectoral contribution to the economy totalled MOP16.89 billion, down by 17.0% year-on-year. Meanwhile, Gross Fixed Capital Formation rose by 19.1% year-on-year to MOP1.10 billion, mainly driven by an increase in major renovation works of some retail shops.
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During the “Macao Week in Fujian•Xiamen”, Secretary for Economy and Finance of the Macao SAR Government Lei Wai Nong went to Zhangzhou City and visited a renowned time-honored local brand – Zhangzhou Pien Tze Huang Pharmaceutical Co., Ltd, with a view to seizing the development opportunities of Macao’s “1+4” industrial diversification and the Guangdong-Macao In-depth Co-operation Zone in Hengqin (Co-operation Zone) to create more possibilities of in-depth co-operation between Fujian and Macao in the big health sector.
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Information from the Statistics and Census Service (DSEC) indicated that total merchandise export amounted to MOP1.16 billion in September 2023, up by 16.5% year-on-year. Value of re-exports (MOP1.01 billion) grew by 17.8%, of which re-exports of Diamond & diamond jewellery and Perfumes jumped by 357.8% and 292.0% respectively, while those of Machines, apparatus & parts and Wine declined by 55.2% and 53.5% respectively. Value of domestic exports (MOP150 million) increased by 8.1%, of which domestic exports of Pharmaceutical products & organic chemicals and Garments expanded by 64.5% and 56.6% respectively, while those of Copper & articles thereof dropped by 48.7%. Meanwhile, total merchandise import went down by 6.9% year-on-year to MOP11.86 billion; imports of Perfumes, Mobile phones and Beauty, cosmetic & skincare products reduced by 52.8%, 42.6% and 38.5% respectively, whereas imports of Articles for casino and Gold jewellery showed respective growth of 546.7% and 30.1%. Merchandise trade deficit totalled MOP10.70 billion in September.
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To commemorate the 20^th Anniversary of the Fuhong Society of Macau, Macao Post and Telecommunications Bureau announces that a Temporary Post Counter will be set up at Rua Sul do Patane e Rua do General Ivens Ferraz, N.º 363, 381 e 403, Edifício Lei Seng Kok, R/C, Fuhong Society of Macau Pou Choi Center, from 11:00 to 18:00 on 4^th November 2023, to provide the commemorative postmark cancellation service for “The 20^th Anniversary of the Fuhong Society of Macau”.
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