News

The Financial Intelligence Office (GIF) and the Hong Kong Joint Financial Intelligence Unit (HKJFIU) participated in the virtual “Hong Kong-Macao AML/CFT Experience Sharing Meeting” on 14^th October 2022. The purpose of the meeting was to strengthen the AML cooperation mechanism between Hong Kong and Macao. Topics for discussion mainly focused on the latest revision of AML/CFT legal framework in Hong Kong and Macao, the overview of money laundering and terrorist financing risk assessment, recent trends of suspicious transactions with cross border nature and case sharing, etc.
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The Consumer Council continues to conduct price survey on various kinds of products to enhance price transparency and survey result reveals price differences in different retail outlets. Consumers are suggested to use the data published by the Council for price comparison.
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The Eighth Macau Symposium on Biomedical Sciences, organised by the University of Macau (UM) Faculty of Health Sciences (FHS), kicked off today (14 October) at the university. A two-day hybrid event that involves both in-person and virtual elements, the symposium features 35 talks on cutting-edge research and innovative technology in biomedical sciences and has attracted over 400 biomedical experts, researchers, and students from around the world.
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To make full use of the "MICE + Tourism" collaboration, the Macao Trade and Investment Promotion Institute (IPIM) has continued to organise MICE business guests to visit small- and medium-sized enterprises (SMEs) in the local community in recent years. From 2021 to September 2022, IPIM has brought nearly 8,000 MICE guests into various communities of Macao for sightseeing and consumption.
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The “27^th Macao International Trade and Investment Fair” (27^th MIF) will highlight key industries such as “big health”, high-tech, and cultural and creative industries with “exhibitions within exhibitions”. Compared with the previous edition, this year’s MIF will involve a more diverse range of industries and is expected to further enhance the experience of participating enterprises, realise the synergistic effects of “industry + MICE” collaboration, support the development of the four key industries and promote Macao’s appropriate economic diversification.
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With effect from 1^st November 2022, the prices of postal packing products will be adjusted as follows:
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The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP210.4 billion (USD26.02 billion) at the end of September 2022. The reserves decreased by 1.2% from the revised value of MOP212.9 billion (USD26.33 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-September 2022 represented 10 times the currency in circulation or 83.4% of pataca M2 at end-August 2022.
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Information from the Statistics and Census Service (DSEC) indicated that the Tourist Price Index (TPI) for the third quarter of 2022 dropped by 0.93% year-on-year to 115.50. The decrease was mainly attributable to lower hotel room rates and reduced charges for restaurant services; yet, dearer prices of local food products offset part of the decrease. Among the various sections of goods and services, price index of Accommodation (-22.83%) recorded notable year-on-year decline, whereas the indices of Food, Alcoholic Beverages & Tobacco (+5.59%) and Clothing & Footwear (+5.27%) rose.
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In order to cultivate Macao to become a world centre of tourism and leisure, Macao Polytechnic University is collaborating with Wynn Macau Limited on a programme for a “Certificate in Integrated Resort Management.” The programme provides a full range of integrated resort management training for 48 senior executives from Wynn Macau for the purpose of fostering outstanding professional talents with strategic thinking and global vision.
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According to the notification from Universal Postal Union, the new model of International Reply Coupon will be available for sales with effect from 1^st November 2022 (Model as below).
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