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Favourite MICE snap up lion’s share

Macau Convention and Exhibitions Association received almost a third of the MOP21.4 million in financial support provided by IPIM in the first half of this year

Macau Trade and Investment Promotion Institute (IPIM) granted MOP16.2 million (US$2 million) in financial support in the second quarter of this year, a dispatch in the Official Gazette revealed yesterday.
Financial support provided by IPIM in the first half of this year reached MOP21.4 million, with the majority of support going to assist local entities participating in MICE [Meetings, Incentives, Conventions and Exhibitions] events.
The Macau Convention and Exhibitions Association received the largest slice from IPIM in the first six months of this year, at MOP7.2 million in financial support.
That amount provided to the Association was divided between support for expenses related to the Dynamic Macau Business and Trade Fairs in Quanzhou, Fujian, and in Shenzhen, Guangdong; a Macau Convention and Exhibition Feature subsidy; and for the financial costs of participating the 9th International Conference on PLS (Primary lateral sclerosis, a neuromuscular disease) and Related Methods (PLS’17) as well as the 40th ADFIAP (Association of Developing Financial Institutions In Asia and the Pacific) Annual Meeting.
In the last quarter of 2016 alone, Macau Convention and Exhibitions Association had received 74.7 per cent of the total MOP77.2 million disbursed by IPIM.