News

Information from the Statistics and Census Service (DSEC) indicated that, attributable to a substantial rise of 821.3% in the number of visitor arrivals, total spending of visitors (excluding gaming expenses) surged by 576.7% year-on-year to MOP19.60 billion in the third quarter of 2023; moreover, the figure represented an increase of 28.9% compared to the same quarter of 2019. Total spending of overnight visitors (MOP16.86 billion) and same-day visitors (MOP2.74 billion) soared by 540.4% and 938.5% year-on-year respectively. In the first three quarters of 2023, total spending of visitors amounted to MOP52.06 billion, an uplift of 290.3% year-on-year and a growth of 8.8% compared to the corresponding period in 2019.
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Recently, the Judiciary Police (PJ) discovered individuals selling fixed-price tickets, complimentary tickets, and special passes for the 70th Macao Grand Prix on social platforms online. PJ reminds the public not to sell fixed-price or gift tickets from event organizers, as such actions may violate “illegal pricing” under Law No. 6/96/M. In addition, the public should purchase tickets through official channels or authorized retailers to prevent ticket touting. Should members of the public suspect they have encountered online scams or other criminal activities, they should immediately call the Judiciary Police's Anti-Fraud Enquiry hotline at 8800 7777 or the crime report hotline at 993 for assistance.
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The Monetary Authority of Macao announced today (16 November) that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP221.1 billion (USD27.45 billion) at the end of October 2023. The reserves increased by 0.4% from the revised value of MOP220.1 billion (USD27.29 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-October 2023 represented 11 times the currency in circulation or 89.3% of pataca M2 at end-September 2023.
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The Centre for Macau Studies (CMS) of the University of Macau (UM) held a seminar on the Policy Address for the Fiscal Year 2024 of the Macao SAR today (15 November). Experts and scholars were invited to discuss the policy address and provide suggestions for the future governance of Macao. During the seminar, experts and scholars expressed their support for the objective of ‘Consolidate Development and Enhance Diversification’ of the policy address. They also believe that the ‘1+4’ strategy, Macao-Hengqin integration, as well as the development of various infrastructures are extensions of the policies of previous years, which can promote the future social development of Macao in an orderly manner.
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Under the patronage of the Secretariat for Social Affairs and Culture of the Macao SAR Government, organised by the Cultural Affairs Bureau (IC, from the Portuguese acronym), and co-organised by the Galaxy Entertainment Group and SJM RESORTS, LIMITED, the “China and the Portuguese-speaking Countries Film Festival”, integrated in the 5^th “Encounter in Macao – Arts and Cultural Festival between China and the Portuguese-speaking Countries”, is held from 10 to 24 November, featuring over 20 film productions in Chinese and Portuguese.
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In conjunction with the activities of 70^th Macau Grand Prix, the Taipa Houses, under the auspices of the Cultural Affairs Bureau (IC, from the Portuguese acronym), will be temporarily closed to the public on 18 November (Saturday) from 12pm to 10pm. The entire area of the Taipa Houses (including the Macanese Living Museum, the Exhibitions Gallery, the Nostalgic House and Avenida da Praia) will be closed to the public on the designated day and the respective access will be restricted to the authorities and authorised vehicles.
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Information from the Statistics and Census Service (DSEC) indicated that the average rent per square metre of usable area for residential units in Macao was MOP130 in the third quarter of 2023, up by 0.8% quarter-on-quarter. Among the districts with a relatively high number of lease declarations, the average rents for residential units in NATAP (MOP153), Barca (MOP116) and NAPE & Aterros da Baía da Praia Grande (MOP131) increased by 4.8%, 2.7% and 1.6% respectively, whereas the average rent for those in Horta e Costa & Ouvidor Arriaga (MOP149) decreased by 0.7%.
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The 6^th China International Import Expo (CIIE), hosted by the Ministry of Commerce of the People’s Republic of China and the Shanghai Municipal People’s Government, was successfully held on 5-10 November.
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