The Industry and Commerce Association of Macau Northern District (AICZNM) hosted a press conference at the Bank of China (BOC) Building on Avenida Doutor Mário Soares yesterday about its a six-week consumption carnival.
According to a statement by the association, over 470 businesses in the northern district will participate in the event, which aims to boost the local economy.
The event, which will take place from next Monday to February 20, is funded by the Industrial Development Fund (IDF) and supported by Bank of China (Macao).
During the event, the statement noted, consumers may use the Bank of China (Macau) mobile banking app “BOCPAY” from Monday to Friday to spend at least 100 patacas at participating merchants. All the e-vouchers will be issued by the local branch of Bank of China. Consumers can access the carnival’s event page to draw “electronic vouchers” three times during the five-day period and receive one entry into a lucky draw per week. The e-vouchers have denominations ranging from 10 to 50 patacas. They are valid for 14 days and can be spent every day.
According to the statement, the entries for the lucky draw are cumulative, with prizes such as a light passenger van, electric motorcycles, smartphones, digital products, household appliances, and consumption vouchers, among others. The winners will be drawn live at the closing ceremony in March.
AICZNM Chairman Raymond Wong Kin Chong said that the carnival will run through the Chinese New Year, with the aim of further stimulating holiday consumer spending. The participating merchants are primarily from the catering and retail sectors, and some of them will also offer additional discounts, Wong said, adding that he expects the consumer spending carnival to boost business in the area by 20 percent to 30 percent and generate a total turnover of 10 million patacas.
Wong also said that the initial allocation for e-vouchers is around one million patacas, while the total budget will depend on consumers’ spending patterns.
Industry and Commerce Association of Macau Northern District (AICZNM) Chairman Raymond Wong Kin Chong (centre), Economic and Technological Development Bureau (DSEDT) Economic Activities Development Department Chief Lau Kit Lon (third from left), Bank of China (Macao) Vice-President Chan Weng Tat (third from right) and other representatives look on during yesterday’s press conference at the Bank of China Building on Avenida Doutor Mário Soares. – Photo: AICZNM
