25 May 2020
Information from the Statistics and Census Service (DSEC) indicated that number of banks in Macao totalled 30 at the end of the first quarter of 2020, an increase of 3 year-on-year. Full-time employees in the Banking Sector rose by 343 year-on-year to 6,806. Analysed by occupation, there were 2,007 directors & managers and 2,060 clerks … Continue reading "Survey on Macao manpower needs and wages for the 1st quarter of 2020 – Banking sector"
22 May 2020
The journal, The Portuguese Language in the Orient (Orientes do Portugues), the first ever Portuguese academic periodical in Asia, has hit the shelf; the periodical is co-published by the Macao Polytechnic Institute and the University of Porto in Portugal. The aim of the periodical is to enhance Macao’s strengths as a services platform between China … Continue reading "The first Portuguese academic periodical in Asia co-published by Macao Polytechnic Institute & Porto hits the shelf"
22 May 2020
The Talent Development Committee will be launching three subsidy schemes for postgraduate studies in Portugal. The three schemes are: Scholarship Scheme for Master’s Degree Courses at the University of Coimbra, Portugal; Postgraduate Degree Course Scholarship Program – Association of Principals of Portuguese-speaking Universities; and Scholarship Scheme for Master Course of the Institutions under Portuguese Polytechnics … Continue reading "Talent Development Committee of Macao to launch 3 subsidy schemes for Portuguese postgrad programs in June"
21 May 2020
Information from the Statistics and Census Service (DSEC) indicated that the business of restaurants & similar establishments and retailers remained sluggish in March 2020. There were 97% of the interviewed restaurants & similar establishments recording a year-on-year decline in receipts in March, representing a slight decrease of 1 percentage point from February. All of the … Continue reading "Business climate survey on Macao restaurants & similar establishments and retail trade for March 2020"
21 May 2020
Information from the Statistics and Census Service (DSEC) indicated that total spending (excluding gaming expenses) of visitors declined by 70.4% year-on-year to a mere MOP5.01 billion in the first quarter of 2020, resulting from a 68.9% decrease in number of visitor arrivals (3,219,170). Total spending of overnight visitors (MOP3.78 billion) and same-day visitors (MOP1.23 billion) … Continue reading "Results of visitor expenditure survey in Macao for the 1st quarter of 2020"
20 May 2020
Director of the Health Bureau, Mr Lei Chin Ion, announced that the last COVID-19 patient in Macao had fully recovered and had been discharged from hospital, which means that all 35 COVID-19 patients during the second wave of outbreak have been discharged from hospital. According to Mr Lei, the latest discharged patient was the 11th … Continue reading "Macao maintains record of zero deaths among COVID-19 patients and zero infection rates among medical workers"
20 May 2020
The Subsidy Scheme for Students Enrolled in Programs of the University of Porto, which was introduced this year by the Tertiary Education Fund, will be open for application from 25 may to 7 July. The scheme aims at supporting Macao residents who are enrolled in bachelor degree programs, dual degree programs or Portuguese preparatory courses … Continue reading "Macao Higher Education Bureau’s Subsidy Scheme for Students Enrolled in Programs of the University of Porto opens for application on 25 May"
19 May 2020
A new reference document says economic engagement by China and the Portuguese-speaking world can help develop the Guangdong-Hong Kong-Macao Greater Bay Area, the People’s Daily reports. The Chinese Communist Party newspaper says the document is the Sino-Lusophone Economic and Trade Cooperation Blue Book, published jointly by the Chinese Academy of International Trade and Economic Cooperation, … Continue reading "Greater role for Macao in international engagement envisaged"
19 May 2020
Information from the Statistics and Census Service (DSEC) indicated that a total of 1,455 building units and parking spaces were purchased and sold in the first quarter of 2020 as per Stamp Duty record, and the total value of transactions was MOP7.89 billion, down by 43.4% and 44.2% respectively quarter-to-quarter. Purchase and sale of residential … Continue reading "Macao Private sector construction and real estate transactions for the 1st quarter of 2020"
18 May 2020
According to the statistics released today by the Monetary Authority of Macao, the proportion of international business in the local banking sector rebounded in the first quarter of 2020. At end-March 2020, the share of international assets in total banking assets increased to 85.9% from 85.2% at end-December 2019, while the share of international liabilities … Continue reading "Macao International banking statistics – March 2020"
15 May 2020
The Monetary Authority of Macao announced that the preliminary estimate of Macao SAR’s foreign exchange reserves amounted to MOP179.0 billion (USD22.43 billion) at the end of April 2020. The reserves increased by 1.4% from the revised value of MOP176.6 billion (USD22.11 billion) for the previous month. Macao SAR’s foreign exchange reserves at end-April 2020 represented … Continue reading "Foreign exchange reserves and nominal effective exchange rate index for the Macao pataca – April 2020"
14 May 2020
According to statistics released today by the Monetary Authority of Macao, new approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) both increased in March 2020. With regard to the outstanding balances, both RMLs and CRELs witnessed increases. New lending approved In March 2020, new RMLs approved by Macao banks rose by … Continue reading "Macao Mortgage loans statistics – March 2020"
13 May 2020
Information from the Statistics and Census Service (DSEC) indicated that the total population as at end-March 2020 rose by 16,500 quarter-to-quarter to 696,100. The increment was driven by an increased number of non-resident workers living in Macao as some of those initially living outside Macao moved back to the city before the latest entry restrictions … Continue reading "Macao Demographic statistics for the 1st quarter of 2020"
11 May 2020
After making a comprehensive assessment of the findings of the Feasibility Study on Tourist Tax Imposition, the characteristics of Macao’s tourism industry as well as the latest turn of the situation, the Special Administrative Region Government decided to bring an end to its consideration of the possibility of tourist tax imposition. Visitor arrivals have plunged … Continue reading "Macao ceases consideration for tourist tax imposition"
11 May 2020
According to statistics released today by the Monetary Authority of Macao, the total number of personal credit cards issued by banks in Macao continued to rise in the first quarter of 2020. Both the credit card turnover and total repayments witnessed year-on-year declines. Cards issued On the back of the increasing dual-currency and triple-currency cards, … Continue reading "Macao Credit card statistics –1st quarter 2020"
11 May 2020
As the novel coronavirus pneumonia continues to spread around the world, the demand for ventilators, protective suits, masks, disinfection supplies, medical equipment and other epidemic prevention supplies has increased significantly at home and abroad. In order to precisely match up supply and demand sides of epidemic prevention supplies, to join hands with all sectors of … Continue reading "Fighting Against the Epidemic the Macao Trade and Investment Promotion Institute Launches Online Service “Business Matching for Epidemic Prevention Supplies”"
8 May 2020
In light of the global Covid-19 pandemic, the Permanent Secretariat of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao) has donated face masks and medical protective suits to eight member countries of the Forum to help them cope with the epidemic. On 4 May, the Permanent Secretariat, in partnership with … Continue reading "Permanent Secretariat of Forum Macao organised donation of personal protection equipment to Portuguese-speaking Countries United to overcome challenges, solidarity in combating the epidemic"
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"
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"
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"