{"id":29822,"date":"2022-05-12T09:56:07","date_gmt":"2022-05-12T12:56:07","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29822"},"modified":"2026-04-23T08:45:51","modified_gmt":"2026-04-23T11:45:51","slug":"30-of-mgm-chinas-total-procurement-spending-goes-to-local-smes","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/30-of-mgm-chinas-total-procurement-spending-goes-to-local-smes","title":{"rendered":"30% of MGM China’s total procurement spending goes to local SMEs"},"content":{"rendered":"\n

MGM China highlighted its support for local businesses at a joint SME business matching with the Macao Chamber of Commerce.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0MGM China\u00a0held a joint SME business matching with the Macao Chamber of Commerce (MCC) yesterday (May 11) and highlighted that since 2016 it has added 481 SMEs as its suppliers. After the ceremony, MGM signed a purchase agreement of MOP1m with F\u00e1brica de Farinha (Kam Kei) and a cooperation agreement with Fnetlink Technology Company Limited.<\/p>\n\n\n\n

Since 2007, MGM has been working with Kum Kee and has helped the local SME to improve its production lines and food safety standards, resulting in the company being awarded ISO 22000 Food Safety Certification.\u00a0<\/p>\n\n\n\n

MGM has also actively cooperated with the Macau Industry Association and CPTTM to encourage and assist Kam Kei to obtain the M-Mark Macau product quality certification in the past year.<\/p>\n\n\n\n

Meanwhile, MGM China has signed its first partnership with Fnetlink, a local SME supported by the Macau Science and Technology Development Fund, to introduce SenseTime into Macau to provide intelligent management for public institutions and colleges.<\/p>\n\n\n\n

The news comes a few months after the Statistics and Census Bureau (DSEC) reported\u00a0a rise in the number of unemployed people<\/a>\u00a0in Macau. By the end of 2021, the Macau Special Administrative Region\u2019s unemployment rate had reached\u00a02.9 per cent<\/strong>, the highest level since 2009.<\/p>\n\n\n\n

According to statistics from the DSEC, the unemployment rate for local residents was 3.9 per cent. Employment in retail and construction increased by 1,800 and 1,600 respectively, but employment in gaming and junkets decreased by 3,600<\/strong>.<\/p>\n\n\n\n

According to the report, the total labour force in Macau stood at 389,000, and the labour force participation rate was 69 per cent. The\u00a0International Monetary Fund (IMF)<\/strong>\u00a0has recently forecasted that\u00a0Macau\u2019s gross domestic product (GDP) is unlikely to exceed pre-pandemic levels<\/a>\u00a0until 2025.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

MGM China highlighted its support for local businesses at a joint SME business matching with the Macao Chamber of Commerce.<\/p>\n","protected":false},"author":176,"featured_media":6857,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"MGM China has reinforced its commitment to Macau's local economy by expanding its SME supplier base and signing new agreements with F\u00e1brica de Farinha (Kam Kei) and Fnetlink Technology. This initiative comes amidst rising unemployment in the region, particularly within the gaming and junket sectors, and an IMF forecast indicating a prolonged recovery to pre-pandemic GDP levels. The efforts highlight the integrated resort operator's role in local economic diversification and stability.","focusai_entities":"MGM China, Macao Chamber of Commerce (MCC), F\u00e1brica de Farinha (Kam Kei), Fnetlink Technology Company Limited, Macau Industry Association, CPTTM, Macau Science and Technology Development Fund, SenseTime, Statistics and Census Bureau (DSEC), International Monetary Fund (IMF)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (0.8), tech_data (0.7), investor_analyst (0.9), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"MGM China's CSR ROI?","query":"How does MGM China quantify the return on investment for its extensive SME support programs, particularly in terms of long-term concession stability and stakeholder relations within the Macau market?"},{"label":"Macau economic diversification?","query":"What specific policy frameworks or incentives are Macau regulators implementing to further diversify the economy beyond gaming, and how do integrated resorts contribute to these efforts?"}],"footnotes":""},"categories":[16338,23876],"tags":[1618],"class_list":["post-29822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-social-news","tag-mgm-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=29822"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29822\/revisions"}],"predecessor-version":[{"id":29828,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29822\/revisions\/29828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6857"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}