Macau Yearbook 2013 - Macao Yearbook

EconomyCoverage of Interest Subsidy Scheme in 2012 (as at end of Q4)Type of industry Percentage (%) (1) Approved subsidyamount (MOP) (2)Textile, garment and leathermanufacturingApprovedcases (2)1.99% 6,394,060 1Other industries 1.47% 4,700,000 2Notes: (1) As a percentage of the total approved subsidy amount; (2) Subject to approval dateUnder Decree-Law No. 49/85/M, Article 11 in particular, the Government will grant repayableor non-repayable subsidies for the following investment projects:• Manufacturing of new products that involve serious economic risks but are nonethelessworthwhile;• Introduction of new projects and developments that support Macao’s industrial development;and• Establishment of pollution-prevention facilities that benefit Macao.(Cont.)Export Diversification IncentivesAny company registered with the Economic Services Bureau may apply for a subsidy. Full subsidiesapply to rental of exhibition venues and expenses for the construction, installation and dismantlingof booths; expenses for furnishing booths and assistance with their operation during exhibitions;and expenses relating to participation in exhibitions by chambers of commerce, including travelexpenses for their representatives (the Macao Trade and Investment Promotion Institute will decidethe number of representatives).Sixty-percent subsidies are applied to production of printed materials, such as leaflets, cataloguesand pamphlets up to a maximum cost of 40,000 patacas; production of audio-visual equipment upto a maximum cost of 70,000 patacas; and individual participation in exhibitions outside Macaoup to a maximum cost of 60,000 patacas, for the renting of booths and set-up fees.Fifty-percent subsidies are applied to products for participation in international exhibitions ortrade missions led by the Macao Trade and Investment Promotion Institute; transportation costs forproduct samples (weighing a maximum of 20 kg for air transport and up to three cubic metres insize for sea transport); and two economy-class return tickets (purchased from local travel agents)for each enterprise.Following the transformation of both internal and external economic environments, the fourpillars of Macao’s economy – manufacturing; tourism and gaming; banking and finance; andconstruction and real estate – have seen remarkable changes in terms of their shares in the localGDP. Recently, the contribution to Macao’s GDP of the tourism and gaming industry has overtaken151