Sponsored – GEG continues to support local SMEs for long-term success

The GEG SME Series: M-Mark Enterprise Sharing & Local SME Business Matching Session hosted at JW Marriott Hotel, Macau earlier this month was the latest event under Galaxy Entertainment Group’s (GEG) comprehensive campaign which was designed to enhance its suppliers’ expertise and competitiveness. As the industry’s first sharing session on the Macau Product Quality Certification M-Mark certification (M-Mark), the event further demonstrated GEG’s commitment to flourishing with local SMEs to support the city’s long-term sustainable development.

The event was co-organized by the The event was co-organized by the Macao Chamber of Commerce, the Industrial Association of Macau, the Macau Productivity and Technology Transfer Centre, and GEG; supported by the Liaison Office of the Central People’s Government in Macao SAR, the Macao Economic Bureau, the Macao Trade and Investment Promotion Institute, the Macao Young Entrepreneur Incubation Centre and the Macau Youth Entrepreneur Association.

Growing Together

According to Mr. Philip Cheng, Director of GEG, the company has been supporting the development of Macau’s manufacturing industry through practical initiatives. “We take M-Mark as one of the main considerations, and prioritize M-Mark enterprises in our procurement process”, he said in his speech.

“At present, all companies that have acquired the M-Mark have been included in our list. With GEG’s Cotai new development projects underway, we look forward to having more in-depth collaboration and exchange with local SMEs. GEG will continue to provide opportunities for local SMEs to upscale their business through their collaboration with us,” Mr. Cheng added.

Mr. Lei Si Tai, Vice Chairman of Board of Directors of the Industrial Association of Macau, also said, “M-Mark creates a safe, high-quality and credible image for local products. We thank the companies, including GEG, for their trust and acknowledgement of the certification, as well as their continued support for the business expansion of ‘Made in Macau’ brands.”

During the sharing session, Ms. Helena Lei, Senior Manager for the Standards, Management, Training and Assessment Department of the Macau Productivity and Technology Transfer Centre (CPTTM), said that M-Mark not only encourages companies to produce high quality products, it also enhances consumer confidence and helps local brands expand their products to overseas market. Her sharing was echoed by the representatives from Carmen and Choi Heong Yuen, two GEG suppliers who have acquired an M-Mark. They said the certification has helped them stay up-to-date on quality management and increased the competitiveness of locally made products.

The event attracted over 100 SME participants from different specialized fields. Following the sharing session, GEG’s Procurement team also met with the SMEs to explore future co-operation opportunities. A number of the participants found the event informative, and they appreciated GEG’s ongoing offering of different activities that allows them to learn more about market trends and how to improve the quality of their products. In addition, some participants expressed their interests in applying for the certification following the event. 

E-payment Initiative

The event was just one of the many ways in which GEG has strived to help SMEs and local businesses. Recently, to fulfill its commitment to environmental protection and develop an efficient procurement process, GEG also launched an electronic payment initiative for its eligible suppliers. The initiative is expected to simplify the payment process and ease some of its suppliers’ cash flow concerns.

As a large corporate citizen based in Macau, GEG has been proactively supporting the, “Large Businesses Leading Small Businesses” cooperation model to empower and foster the development of SMEs. GEG’s Broadway Food Street is a hallmark example of how large scale integrated resorts cooperate with local SMEs. 

Furthermore, GEG has been providing local SMEs with a variety of opportunities for business development. Earlier this year, GEG organized the Chinese New Year Market and the Healthy and Fun Carnival at its Galaxy Macau and Broadway Macau, respectively. The two events had provided a total of 150 booths for different local SMEs to seize business opportunities. 

When it comes to the procurement process, GEG always prioritizes local companies and brands. Additionally, an array of training and technical advisory services were offered to its suppliers. Last year, its suppliers were invited to attend the GEG SME Series: Food Safety Workshop. During the workshop, the suppliers were able to learn about GEG’s internal food safety protocols and practices, and full sponsorships on attending the Food Traceability Training and CIEH Intermediate Certificate in Food Safety (Level 3) training course were provided to its eligible suppliers by CPTTM. 

Moving forward, GEG will continue to leverage its resources to promote the growth of local SMEs by presenting them with a host of favorable business conditions and opportunities in the hope of equipping them to share the economic fruits of Macau’s development, and help prepare them for long-term success.