News

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Works of Red Market completed for stall vendors to relocate back to the market by end of May
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According to statistics released today (5 April) by the Monetary Authority of Macao, broad money supply continued to grow in February. Meanwhile, resident deposits rose from a month ago whereas loans to residents posted a decline.
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To celebrate the 10^th Anniversary of a Holistic Approach to National Security, Macao Post and Telecommunications Bureau announces that a Temporary Post Counter will be set up at the Philatelic Shop of the General Post Office, from 09:00 to 17:30 on 15^th April 2024 to provide the commemorative postmark cancellation service for the “10^th Anniversary of a Holistic Approach to National Security”.
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For the Social Security System, April is the contribution month for the first quarter of 2024. The Social Security Fund (abbreviated to FSS in Macao) has launched the "Make the Social Security Fund’s Payments" service on the "Business & Associations Platform" and "Macao One Account". Both the employers and arbitrary system beneficiaries can make payments online easily and conveniently.
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On the 31^st of March 2024, the Judiciary Police (PJ) received reports from more than ten residents who claimed to have received text messages sent under the guise of the electronic payment platform "Union Pay." These messages alleged that their loyalty points were about to expire and prompted the recipients to click on the link embedded in the message. The link directed them to a counterfeit website, where they could purportedly exchange points for gifts at a discounted price. Through this scheme, the fraudsters were able to harvest the victims' personal and credit card information. After the victims entered a one-time verification code, their credit card information was stolen, and they incurred losses ranging from thousands to tens of thousands of dollars. As the scammers in the cases above had technically altered the sender ID of the phishing text messages to match the official Union Pay number, the victims mistakenly believed that the fraudulent messages were officially sent by "Union Pay".
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[Green Achievements] 2024 Macao International Environmental Co-operation Forum & Exhibition Concludes, Witnessing Enterprises Opening Businesses in Macao during Event
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The Macao Institute for Tourism Studies has changed its name to the Macao University of Tourism with effect from today (1 April), and its Chinese and Portuguese names to be 澳門旅遊大學 and Universidade de Turismo de Macau respectively, with the abbreviation changed to the initials UTM.
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The “2024 Macao International Environmental Co-operation Forum & Exhibition” (2024MIECF) held the Green Forum: “Green Business Co-operation Day – Session 1” on the afternoon of the event’s first day (28 March). This session, comprising two panel discussions, was co-organised by the Greater Bay Area Green Finance Alliance and the Macau Association of Banks for the first time since it was held with well-known international accounting firms in the past two years. It gathered over ten experts and industry leaders from the Guangdong-Hong Kong-Macao Greater Bay Area, Portuguese-speaking countries and Southeast Asian countries to probe into topics about how finance, tourism, high technology, exhibition and trade industries, namely the “1+4” key industries, incorporate ESG (environmental, social and governance) in their development. Participating guests said that setting up green and low-carbon reduction standards is beneficial for fostering the development of the “1+4” industries and achieving green, high-quality and sustainable economic development through ESG investment.
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