News

A research team led by Xu Cheng-Zhong, chair professor in the Faculty of Science and Technology (FST) of the University of Macau (UM), and Xu Huanle, assistant professor in FST, have made significant breakthroughs in the field of cloud computing. The team has designed an innovative resource management system that can improve the efficiency of computing resource use and reduce CPU resource use by nearly 1.6 times. The research results have been published in ACM Transactions on Computer Systems (ToCS), a leading computer science journal.
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In order to encourage local film and television production professionals, develop a wider range of local short films, and expand opportunities for international exchange and cooperation, the Cultural Affairs Bureau (IC, from the Portuguese acronym) and the Galaxy Entertainment Group (GEG) jointly organise the “Macao International Shorts Film Festival” for the first time. The call for submissions is open from today until 15 December. All Macao residents are welcome to submit their short films to the Festival, and the winner will be awarded a trophy and a prize in the amount of MOP40,000.
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Manuel Guilherme Júnior, rector of Eduardo Mondlane University and an outstanding alumni of the University of Macau (UM), led a delegation to visit UM.
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Jointly organised by the International Tropical Timber Organization (ITTO), a world-leading intergovernmental organisation for the timber industry, and the Macao Trade and Investment Promotion Institute (IPIM), and co-ordinated by the Secretariat of the Global Green Supply Chains Initiative (GGSC), the Global Legal & Sustainable Timber Forum 2023 (GLSTF 2023) will be held on 21 and 22 November 2023 (Tuesday and Wednesday) at the Galaxy International Convention Center in Macao.
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The “Lotus Flower in Full Bloom” sculpture stands in the Lotus Square for close to 24 years, and overall maintenance and renovation is required for the finish. The Municipal Affairs Bureau (IAM) will enclose the “Lotus Flower in Full Bloom” sculpture temporarily starting from Sunday (19 November) for comprehensive renovation and maintenance, such as spraying topcoat, applying gold leaf adhesive, gold leaf gilding and spraying protective coating, to be carried out by the original production organisation. The works period is expected to be 25 days and will end on 15 December.
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According to the statistics released today by the Monetary Authority of Macao, the proportion of international business in the local banking sector retreated in the third quarter of 2023. At end-September 2023, the share of international assets in total banking assets decreased to 84.0% from 84.7% at end-June 2023, while the share of international liabilities in total banking liabilities fell to 81.8% from 82.5%.
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Industrial structure reflects the relative importance of different economic activities in terms of their respective value-added contribution to the economy. Value added refers to the value created in the process of production of an economic activity (e.g. a sector or an industry), i.e. the value of goods and services produced in the economic activity, less the value of goods and services consumed in the production process. Sectors of industries are classified as primary (e.g. fishing, agriculture and animal husbandry), secondary (e.g. mining & quarrying, industrial production and construction) and tertiary (i.e. service sector, such as wholesale & retail trade, restaurants & similar activities, financial activities and gaming).
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The Municipal Affairs Bureau (IAM) will commence optimisation works from 20 November in Leisure Area of Edif. Ip Heng in Seac Pai Van to improve the drainage and optimise the relevant facilities in the leisure area. The works period is expected to be about 60 days, during which the leisure area will be temporarily closed.
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