Melco Resorts and Entertainment has launched a “Made-in-Macau” initiative to support local small-and-medium-sized enterprises (SMEs) by promoting new local production and manufacturing industries, Executive Vice President and Chief Financial Officer Geoffrey Stuart Davis said yesterday.
Davis made the remarks via a Zoom video conference call during yesterday’s “Melco Promotes New Industry: Local Production and Manufacturing” event at Studio City’s Grand Ballroom.
Davis said that the challenges brought about by the COVID-19 pandemic reinforces the significance of government policies promoting economic diversity, adding that therefore his company is launching the new initiative to help create business opportunities for local SMEs that supply Melco.
Moreover, according to a statement handed out during yesterday’s event Melco held a facemask and red envelope design competition this year in conjunction with the Macau Productivity and Technology Transfer Centre (CPTTM) to promote opportunities for local design talents, suppliers and manufacturers. The statement also said that the winning designs will be wholly produced and manufactured in Macau by local enterprises, adding that the initiative demonstrates Melco’s commitment to strengthening Macau-branded industries and the promotion and upgrade of local production and manufacturing. Melco is inviting local manufacturers to produce the facemasks designed by the winners.
Melco’s Vice President of Supply Chain Augusta Vargas-Prada noted that since 2019 her company has been supporting local SMES. She added that Melco supports locally made products by using local food and beverage suppliers, adding that Melco uniforms are also “Made-in-Macau”.
A participant in the SMEs business matching session, surnamed Leong, told reporters on the sidelines of yesterday’s launch that her company has joined Melco events in the past which has positively affected her shops’ sales. Leong said that her shops mainly sell every-day-use items such as batteries, shampoo and facemasks. When asked whether she had taken part in the Melco’s facemask production, she said that her shops were small-and-medium-sized enterprises and did not have a factory in Macau to produce “Made-in-Macau” facemask, therefore she wasn’t qualified to manufacture facemasks for Melco.
Melco Vice President of Supply Chain Augusta Vargas-Prada talks to reporters on the sidelines of yesterday’s “Melco Promotes New Industry: Local Production and Manufacturing” at Studio City’s Grand Ballroom.
SME representatives attend yesterday’s business matching session yesterday. Photos: Prisca Tang
