Tourism Fund splashes out MOP6.7 mln in Q4

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The MSAR’s Tourism Fund disbursed some MOP6.69 million (US$836,300) to dozens of individuals and local associations during the fourth quarter of 2016, some ten times more than the MOP621,000 awarded by the same fund in the third quarter of 2016.
According to yesterday’s Official Gazette, the Association of Retailers and Tourism Services of Macau received the largest subsidy from the Fund for organising Macau Shopping Festival 2016, in the amount of MOP4.5 million.
Meanwhile, all other beneficiaries were allocated subsidies of less than MOP1 million.
Among them, the United Association of Food and Beverage Merchants of Macao received a total MOP499,800 for its two training courses for the industry.
The General Union of Neighbourhood Associations of Macau, also known as Kai Fong, received two different subsidies – of MOP100,357 and MOP124,857 – for two activities from the Fund.
The majority of beneficiaries, in fact, were Chinese Opera associations. Other beneficiaries include associations for sports, music, photography, retailers, and electronic games. They primarily each received MOP3,000 from the Fund in the quarter.