News

Information from the Statistics and Census Service (DSEC) indicated that value of retail sales for the first quarter of 2022 totalled MOP18.65 billion, down slightly by 0.6% year-on-year. After removing the effect of price changes, the sales volume index rose by 1.9% year-on-year.
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To deepen the general public’s understanding of old neighbourhood redevelopment and the livelihood project in Hengqin, Macau Urban Renewal Limited (MUR) team members visited the MacauInstitution of People’sAlliance (API) to explain the redevelopment of Iao Hon Estate and the development of Macau New Neighbourhood (MNN) in Hengqin.
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Through a wide variety of books and periodicals on its platform, the Online Book Shop of the Cultural Affairs Bureau (IC, from the Portuguese acronym) facilitates local and overseas readers to select and purchase IC’s publications online so as to promote reading. In order to provide more stable and convenient services for the public, the Online Book Shop will undergo a system upgrade and maintenance from 5pm on 27 May. During this period, the service will be suspended, with the platform expected to resume operation in June. For the latest information, please refer to IC’s official website.
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IFTM students from the Hotel Management programme assisted an IFTM Culinary Arts Management graduate, Ms. Maggie Hao, who recently established a pastry shop called Ning Pâtisserie on an industrial project via their entrepreneurship course, led by Dr. Fernando Lourenço.
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According to statistics released today by the Monetary Authority of Macao, funding costs of the local banking sector generally increased in the first quarter of 2022.
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Slated to run from 8 to 10 July, the 10^th Macao International Travel (Industry) Expo (“MITE” or the “Expo”) will roll out a series of cloud invitations from tomorrow (24 May) to offer an introduction of program highlights and information for potential exhibitors. Members of the tourism industry from worldwide are invited to join the Expo, explore business opportunities and forge new partnerships across the fields of “tourism +”.
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[Infographics] Points to note for employers hiring non-resident workers and for non-residents working in Macao
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On the occasion of the “China Cultural and Natural Heritage Day”, the Cultural Affairs Bureau (IC, from its Portuguese acronym) will host the “China Cultural and Natural Heritage Day Carnival 2022” at the Mount Fortress Garden and the Macao Museum from 11 June (Saturday) for two consecutive days. During the period of the event, guided tours, workshops and thematic talks will be held and the Guia Lighthouse and the Macao Museum will be open to the public with free admission in a bid to enhance the public’s knowledge of Macao’s cultural heritage.
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Information from the Statistics and Census Service (DSEC) indicated that the Composite CPI for April 2022 (103.56) rose by 1.06% year-on-year. The increment was attributed to higher wages of domestic helpers, dearer charges for eating out and electricity, as well as increasing gasoline prices and airfares; however, the rise was partially offset by lower rentals for dwellings, reduced charges for telecommunication services and falling prices of pork. Among the various sections of goods and services, the price indices of Household Furnishings & Services and Transport grew by 11.02% and 7.64% year-on-year respectively, whereas the index of Communication fell by 10.34%. The CPI-A (103.32) and CPI-B (103.87) saw respective growth of 0.73% and 1.50% year-on-year.
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