Macau’s Secretary for Economy and Finance, Tai Kin Ip, has disclosed plans for a three-tier strategy aimed at supporting small and medium-sized enterprises (SMEs). The initiative, currently in development, will be unveiled soon.
Tai stressed the significance of preserving Macau’s heritage, highlighting the role of longstanding businesses with traditional skills in maintaining the city’s unique identity.
He reaffirmed the government’s commitment to helping these enterprises strengthen their brands and elevate Macau’s global business reputation.
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Amid economic uncertainties, Tai noted that research is ongoing regarding potential stimulus measures like the consumption reward scheme.
Meanwhile, SMEs continue to face financial strain, with Macau’s non-performing loan ratio reaching 5.5%—its highest level in two decades.
With Chief Executive Sam Hou Fai prioritizing SME support, his upcoming Policy Address in March or April is expected to introduce key relief measures.
In the gaming sector, Macau recorded MOP 18.25 billion (USD 2.28 billion) in January revenue, showing a slight monthly rise but a 5.6% year-on-year decline due to seasonal factors. Despite challenges, Tai remains optimistic about the city’s economic outlook for 2025.
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