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The exhibitor applications for the Macao SME Pavilion at the 27^th Macao International Trade and Investment Fair (27^th MIF), which is organised by the Macao Trade and Investment Promotion Institute (IPIM), have been completed. The number of booths at the Pavilion has increased from 80 to 160 compared with the previous edition. 292 enterprises applied to exhibit at the pavilion, marking an oversubscription of nearly two times.
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The Chief Executive, Mr Ho Iat Seng, said that the amendment to the law is a significant event this year regarding the Macao Special Administrative Region (MSAR) Government’s policy in terms of safeguarding national security. The matter was closely related to the long-term stability of the nation, and the sustainable prosperity and stability of Macao. The Chief Executive proposed four aspirations for all sectors regarding the amendment to the law.
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Information from the Statistics and Census Service (DSEC) indicated that, in the wake of the latest wave of the pandemic, Gross Domestic Product (GDP) declined by 39.3% year-on-year in real terms in the second quarter of 2022. (A year-on-year fall of 66.3% in GDP was recorded in the second quarter of 2020.) Number of visitor arrivals went down by 27.5% year-on-year in the second quarter of 2022 amid the pandemic, with that of overnight visitors decreasing by 47.0%. As a result, exports of services dipped by 48.6% year-on-year, of which exports of gaming services and exports of other tourism services tumbled by 69.6% and 41.4% respectively; besides, exports of goods dropped by 36.0%. Domestic demand shrank further by 12.2% year-on-year owing to a decline in gross fixed capital formation. Imports of goods and services reduced by 20.0% and 12.0% respectively. The implicit deflator of GDP, which measures the overall changes in prices, went down by 0.9% year-on-year.
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Information from the Statistics and Census Service (DSEC) indicated that the general unemployment rate and the unemployment rate of local residents for May-July 2022 rose by 0.4 and 0.6 percentage points from the previous period (April-June 2022) to 4.1% and 5.4% respectively, owing to the suspension of most industrial and commercial activities during the “relatively static” period amid the latest wave of the pandemic. Besides, the underemployment rate increased by 9.3 percentage points to 13.4%.
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After emergency repair work and cleaning, Cheoc Van Swimming Pool and Cheoc-Van Nautical Centre of the Sports Bureau, which were affected by typhoon earlier, will reopen on 27 August (Saturday). Online booking service have also resumed for pre-purchase ticket two days in advance and online purchase on-the-spot ticket for Cheoc Van Swimming Pool to allow the public to continue swimming activities and exercises.
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The University of Macau (UM) recently held the Welcome Reception and Orientation for New Academic Staff 2022/2023 to give a warm welcome to the outstanding academic staff who come from all over the world.
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After consultation with different sectors such as market vendors, associations in the area and architectural and urban planning professionals, the Municipal Affairs Bureau (IAM) has formulated the reorganisation plan of Horta da Mitra Municipal Market. The architectural façade of the market building will be preserved, the layout inside the market will be reorganised, facilities and equipment will be updated and barrier-free facilities will be added to optimise the business environment in Horta da Mitra Municipal Market and provide better shopping experience for the public.
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