Sands China's Support Programme for SMEs Celebrates 10 Years
Sands China Celebrates a Decade of Empowering Local SMEs
Sands China proudly commemorated the 10th anniversary of its Local Small, Medium and Micro Suppliers Support Programme at The Londoner Macao, with an engaging Local Supplier Open Day attended by dedicated local SMEs. This significant milestone highlights Sands China's commitment to nurturing community businesses and boosting local economic growth.
Understanding the Support Programme
Established in collaboration with the Macao Chamber of Commerce in 2015, the Local Small, Medium and Micro Suppliers Support Programme aims to enhance procurement opportunities for local small and medium enterprises (SMEs). It focuses on three distinct categories: local small and micro suppliers, companies producing goods in Macao, and young entrepreneurs striving to make their mark in the business landscape. This initiative is in line with government policies, reinforcing Sands China's commitment to supporting local businesses.
Connecting Local SMEs with Opportunities
The recent Open Day served as a platform for networking, where local SMEs, including those certified by the DSEDT Technology Enterprise Certification Program, engaged directly with Sands China procurement representatives. The event allowed potential suppliers to explore various procurement opportunities within different departments of Sands China.
Insightful Booths and Resources
The Open Day featured a diverse array of procurement booths showcasing various categories such as food and beverage, logistics, marketing, technology, and gaming products. A special booth was included for DSEDT-certified Macao technology firms, enabling them to understand technology-related procurement options better. Moreover, the Sands Procurement Academy booth provided valuable resources for SMEs, offering on-the-spot registration for its free training program.
Voices Behind the Programme
Grant Chum, the Chief Executive Officer of Sands China Ltd., expressed pride in the success of the Local Suppliers Support Programme, stating, "This milestone celebration reflects our dedication to fostering local business growth. Over the last decade, we've tailored our initiatives based on market demands, ensuring our strategic adjustments lead to mutual benefits. We owe our gratitude to the Macao SAR government for their guidance and to all participating SMEs for their support."
Hoi Lok Man, a Vice President of the Macao Chamber of Commerce, emphasized the essential role of SMEs in the economic framework of Macao. He stated, "The collaborative nature of our partnership with Sands China has significantly advanced Macao’s economic diversification. Today's event marks a new chapter in our journey, as we continue to work tirelessly alongside Sands China."
A Series of Celebratory Initiatives
This Open Day is just one of several initiatives celebrating the 10th anniversary of Sands China's support programme. Alongside this event, activities like the Rua das Estalagens Team Member Food Fest, Sands Shopping Carnival, and Sands Procurement Academy training sessions are also taking place. These efforts demonstrate Sands China's enduring commitment to enhancing local partnerships and supporting community development.
Future Endeavors for Local Growth
Sands China is preparing to launch a comprehensive training program to boost the online marketing capabilities of local SMEs, aiding their digital transformation. Attendees will gain practical skills for live broadcasting and insights into future marketing trends. Additionally, the company is supporting the upcoming Macau Youth Innovation and Entrepreneurship Competition, empowering young entrepreneurs to achieve their business aspirations while contributing innovative ideas to local industries.
Impact and Financial Success
The supplier support programme's effectiveness is underscored by the impressive figures from 2024, where Sands China achieved a total procurement amount of MOP 15.2 billion, with around 84% going to local Macao enterprises, including more than MOP 4.6 billion directed towards local SMEs. This reflects the programme's alignment with the Macao government's goal of boosting local procurement while embodying Sands China's corporate social responsibility ethos.
About Sands China Ltd.
Sands China Ltd., incorporated in the Cayman Islands, operates as the largest integrated resort operator in Macao. The company’s diverse portfolio includes prominent resorts on the Cotai Strip such as The Venetian Macao, The Plaza Macao, The Parisian Macao, and The Londoner Macao. Through these ventures, Sands China contributes significantly to Macao’s evolution into a leading tourism and leisure hub.
Frequently Asked Questions
What is the Local Small, Medium and Micro Suppliers Support Programme?
The programme aims to enhance procurement opportunities for local SMEs in Macao and has been running since 2015 in collaboration with the Macao Chamber of Commerce.
Why is this Open Day important for local SMEs?
The event fosters direct connections between SMEs and procurement representatives, allowing businesses to explore partnership opportunities within Sands China's various departments.
What new initiatives is Sands China planning to implement?
Sands China plans to launch a training program to enhance SMEs' online marketing skills and is actively supporting the local youth entrepreneurship competition.
How has the supplier support programme benefited local businesses?
The programme generated over MOP 15 billion in procurement, helping to strengthen local economic growth and support community businesses significantly.
What is Sands China's vision for the future?
Sands China aims to continue its partnership with local businesses, fostering development and promoting Macao as an international center for tourism and leisure.
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