Celebrating a Decade of Support for Local SMEs
Anniversary publication marks long-term SME support for diversified development
Macao has long been a hub for tourism and leisure, and Sands China has cemented its role as a leading supporter of small and medium enterprises (SMEs) through the Local Small, Medium and Micro Suppliers Support Programme. Recently, this integral programme reached a significant milestone—its 10th anniversary—highlighting Sands China's dedication to empowering local businesses and fostering their growth in the community.
Unveiling the 10th Anniversary Booklet
The celebration, held at The Londoner Macao, was marked by the launch of a special booklet chronicling the successes of the SME support programme over the past decade. The event spotlighted award-winning suppliers through the prestigious Sands Supplier Excellence Awards. This ceremony not only recognized outstanding suppliers but also reaffirmed Sands China's commitment to local enterprise collaborations.
Strengthening Local Business Networks
The programme, co-developed with the Macao Chamber of Commerce in 2015, is designed to incubate local talent and support diverse business types. It focuses on small and micro suppliers, young entrepreneurs, and companies producing "Made in Macao" products. The initiative has yielded impressive results with a whopping MOP 119.4 billion in procurement, showcasing a commitment to local sourcing, with 83 percent attributed to local businesses.
Industry Leadership in SME Support
Sands China, recognized as a pioneer in fostering local business development, introduced initiatives like the F.I.T. programme. This program offers financial support, training, and opportunities for local suppliers to enhance their business skills and gain access to new markets. Grant Chum, the CEO of Sands China Ltd., emphasized the importance of SMEs as a foundational element of Macao's economy, expressing gratitude for the collaborative efforts of local partners that have allowed many SMEs to thrive.
A Vision for Future Growth
Leaders from Sands China acknowledged the vital role local suppliers play in driving economic diversity and innovation in Macao. At the ceremony, Sands China executives presented appreciation certificates to 40 long-term partners, highlighting a collaboration that supports sustainable business practices. Notably, Dr. Wilfred Wong, executive vice chairman of Sands China Ltd., stressed the importance of partnerships that enable growth while navigating market challenges.
Recognizing Excellence in Supplier Services
The Sands Supplier Excellence Awards play a crucial role in celebrating the vital contributions of suppliers both locally and globally. The awards recognize seven exceptional partners for their achievements in various categories. Each award is selected by a committee of Sands China’s executive management, ensuring that those awarded reflect the values and standards Sands China upholds.
Building a Collaborative Future
The event not only celebrated past achievements but also facilitated a networking session, connecting guests and local suppliers with Sands China representatives. This networking fosters opportunities for new collaborations that contribute to mutual growth. As Sands China continues to prioritize local procurement, they affirm their commitment to the long-term success of SMEs in Macao.
About Sands China Ltd.
Sands China Ltd. is a leading developer of integrated resorts in Macao, with a comprehensive portfolio that includes The Venetian Macao, The Plaza Macao, and The Parisian Macao. The company aims to play a significant role in transforming Macao into a world-class destination for tourism and leisure. Sands China is publicly traded on The Stock Exchange of Hong Kong Limited under the ticker HKEx: 1928.
Frequently Asked Questions
What is the purpose of the Local SME Suppliers Support Programme?
The programme aims to empower local small and medium enterprises by providing resources, training, and business opportunities, fostering sustainable growth within the community.
How long has Sands China been supporting local SMEs?
Sands China has been supporting local SMEs for over 10 years since the programme's inception in 2015.
What is the significance of the Sands Supplier Excellence Awards?
The awards recognize and honor the outstanding contributions and services of suppliers that align with Sands China’s commitment to quality and collaboration.
Who are the partners involved in the SME support programme?
The programme works with various stakeholders, including the Macao Chamber of Commerce and local government entities, to support and nurture local businesses.
What role do SMEs play in Macao's economy?
SMEs are essential to Mcao's economic ecosystem, contributing to diversity, innovation, and resilience within its industries.
