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DSE: 7,000 apply for SME support

As at August 30, over 7,000 applications for SME (small and medium size enterprise) post-typhoon support were collected under the Industrial and Commercial Development Fund by Macao Economic Services (DSE). Of these, DSE has approved some 843 applications, with the amount reaching MOP42.15 million (US$5.23 million). In order to efficiently offer assistance to SMEs, the […]

As at August 30, over 7,000 applications for SME (small and medium size enterprise) post-typhoon support were collected under the Industrial and Commercial Development Fund by Macao Economic Services (DSE).
Of these, DSE has approved some 843 applications, with the amount reaching MOP42.15 million (US$5.23 million).
In order to efficiently offer assistance to SMEs, the government department has set up two more stations to serve enterprises in need, or 14 stations in all.
DSE advised applicants to provide valid information and documents and to avoid false declarations.
DSE rolled out two schemes to assist SMEs to overcome difficulties following the direct hit by Typhoon Hato; namely, an interest-free loan of up to MOP600,000 and another subsidy of up to MOP50,000.

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