MCEA GRABS 40PCT OF FDIC’S FINANCIAL SUPPORT IN 3Q

2014/10/23

From：Macau Business Daily

Macau Industrial and Commercial Development Fund (FDIC) distributed MOP23 million in financial support to more than 100 entities in the third quarter, with the Macau Convention and Exhibition Association (MCEA) reaping more than 40 percent of FDIC’s overall budget.
According to data published yesterday in the Official Gazette, the Macau Industrial and Commercial Development Fund gave MOP22.9 million to several associations and companies from Macau, the majority to finance its participation in expositions, fairs or like events. In total, the number of programmes supported by FDIC reached 197 in the third quarter.
The largest by far was conceded to the Macau Convention and Exhibition Association, which received MOP9.5 million from FDIC in the third quarter. The sum was 41 percent of all the Fund’s budget spent last quarter. The biggest slice (MOP9 billion) was delivered to finance the expenses of the organisation for the ‘Macau Dynamic Week’ event held in Shenyang, in the province of Liaoning, in Mainland China. A second line worth MOP591,000 covered the expenses of a course in conventions and exhibitions involving Macau and Guangdong.
Macau Islands Industrial and Commercial Federation also received considerable support in the third quarter from FDIC. It received MOP1.2 million to support the event ‘Consumption Carnival on the Islands 2014’. Macau Pastry Speciality Association got MOP1.11 million to organise the Mooncake Festival this year.

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