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Macau

Macao Monetary and financial statistics – March 2020

7 May 2020
According to statistics released today by the Monetary Authority of Macao, broad money supply continued to fall in March with a stable share of patacas.  Meanwhile, resident deposits dropped from a month ago whereas loans to residents posted an increase. Money supply Currency in circulation and demand deposits fell 2.7% and 1.9% respectively. M1 thus … Continue reading "Macao Monetary and financial statistics – March 2020"

Macao Polytechnic Institute Deepens Training of Sino-Portuguese Bilingual Talents via Launching the Global Portuguese Textbook Series

7 May 2020
Along with the implementation of Macao SAR Government’s “Policy Address for the Fiscal Year 2020”, to leverage the role and advantages of Macao’s “Sino-Portuguese platform” and to promote the development of Macao’s “International Portuguese Training Centre” and “training base of Chinese-Portuguese bilingual talents”, Macao Polytechnic Institute has launched its Portuguese textbook Global Portuguese online as a convenient … Continue reading "Macao Polytechnic Institute Deepens Training of Sino-Portuguese Bilingual Talents via Launching the Global Portuguese Textbook Series"

Macao External merchandise trade statistics for March 2020

6 May 2020
Information from the Statistics and Census Service (DSEC) indicated that total merchandise import fell by 40.1% year-on-year to MOP4.22 billion in March 2020, of which imports of Mobile phones, Gold jewellery and Watches declined by 78.0%, 76.6% and 61.3% respectively. On the other hand, imports of Other textile made-up articles, which comprised mostly face masks, … Continue reading "Macao External merchandise trade statistics for March 2020"

“Meteorological Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area (2020-2035)”

6 May 2020
The Meteorological Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area (2020-2035)  (hereinafter referred to as the Plan) was formally announced. In order to fully implement the provisions of the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area and to promote greater integration of Hong Kong and Macao in national meteorological development, the China … Continue reading "“Meteorological Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area (2020-2035)”"

Number of visitor arrivals to Macau in March falls by 93.7%

29 April 2020
The number of visitor arrivals to Macau in March of this year totalled 212,300 people, a drop of 93.7% compared to the same month of 2019, due to the impact of the Covid-19 pandemic, said the region's Statistics and Census Bureau.

BNU and ICBC (Macau) jointly promote business between China and the Portuguese-speaking countries

29 April 2020
The Banco Nacional Ultramarino bank and the Industrial and Commercial Bank of China (Macau) signed a memorandum of understanding for the joint promotion of business between China and the Portuguese-speaking countries, according to a statement issued by the issuing bank.

Macau has no imported cases of Covid-19 for last 31 days

29 April 2020
The most recent case of Covid-19 diagnosed in Macau occurred 20 days ago and for 31 consecutive days, there has been no new imported cases, said on Tuesday the assistant physician of the board of the Centro Hospitalar Conde de São Januário, the public hospital in the territory.

No date set for 6th Ministerial Conference of Forum Macau

28 April 2020
The date to hold the 6th Ministerial Conference of the Forum for Economic and Trade Cooperation between China and the Portuguese Speaking Countries has yet to be set, the Secretary for Economy and Finance of the Government of Macau said on Monday.

Consumer card is expected to stimulate the Macau economy

27 April 2020
The consumer subsidy plan approved by the Macau government will stimulate the economy and benefit residents and commercial establishments, and its first phase will run from 1 May to 31 July 2020, said the Macau Economic Bureau.

Macau government prepares new system for disease control through digital means

23 April 2020
The Macau government is studying the creation of a new "health code" through an application with a colour QR code to make it easier for residents and non-residents who travel to mainland China, to enter and leave Macau.

Macau economy forecast to contract by 24% in 2020, Fitch Ratings says

22 April 2020
Macau's economy will contract by 24% in 2020 due to the Covid-19 pandemic, according to Fitch Ratings, which kept the territory's risk rating unchanged at "AA" with a negative outlook, according to a statement issued on Tuesday in Hong Kong.

Macau to be connected to the high-speed rail network in China

22 April 2020
Macau will be linked, in the future, to the high-speed rail network in China following the construction of underwater tunnel to the  border post on Hengqin Island, as part of the development of the overground light railway, the Chief Executive of the special administrative region announced on Tuesday.

Hengqin Island has a role to play in China’s relationship with Portuguese-speaking countries

21 April 2020
The island of Hengqin will contribute to solving the problem of lack of space and resources in Macau, allowing it to better perform its role as a platform between China and Portuguese-speaking countries, the Macau government said in the 2020 Lines of Government Action.

Macau’s population density rises to 20,400 people per square kilometre in 2019

21 April 2020
Macau's population density increased from 20,000 people per square kilometre in 2018 to 20,400 people per square kilometre in 2019, with the territory's land area totalling 32.9 square kilometres, the Statistics and Census Bureau (DSEC) said.

 Angola’s largest business fair to be held on the scheduled date

20 April 2020
The 36th edition of the Luanda International Fair (FILDA 2020) will be held on the scheduled date, with no plans for postponement or amendment of the promotion period of the exhibition, said the Chairman of the Board of Directors of the Eventos Arena Group, the company that organises the exhibition.

Trade between China and Portuguese-speaking countries falls 9.37% in first two months of the year

17 April 2020
The value of trade between China and the Portuguese-speaking countries posted a drop of 9.37% year-on-year in January and February to US$21.374 billion, according to official Chinese figures released by Forum Macau.

Gaming revenues in Macau fall by 60% in the first quarter of 2020

17 April 2020
Gross revenues from gambling activities in Macau totalled 30.635 billion patacas (US$3.829 billion), a drop of 60% compared with the 76.371 billion patacas posted in the same period of 2019, said Macau's Gaming Inspection and Coordination Bureau.

IMF says Macau economy is expected to contract by 29.6% in 2020

16 April 2020
The Gross Domestic Product of Macau is expected to record a contraction of 29.6% this year, in addition to the fall of 4.7% in 2017, according to the World Economic Forecast, a report released in Washington by the International Monetary Fund.

Macau residents start collecting electronic consumer cards

14 April 2020
The distribution of electronic consumer cards, one of the measures decided by the Government of Macau to support small and medium-sized enterprises in the territory, started on Tuesday, and they can be collected until 17 July, according to an announcement from the Macau Monetary Authority on Tuesday.

Macau Government announces second round of economic support measures against the Covid-19 epidemic

9 April 2020
The second round of economic support measures against the epidemic of Covid-19 in Macau include a consumer subsidy in the value of 5,000 patacas, which added to the first one in the amount of 3,000 patacas, will provide each resident with 8,000 patacas (US$1,000) to support local trade, announced on Wednesday the Secretary for Economy and Finance.
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