Sands China Ltd. launched its new F.I.T. programme for local Macao SME suppliers at The Venetian Macao last week, which included the first in a series of unique invitational matching sessions for SME suppliers to connect with Sands China user departments to demonstrate their goods and services.
This latest initiative is the first of its kind, taking its lead from Sands China’s Local Small, Medium and Micro Suppliers Support Programme, which is focused on three types of local businesses identified in collaboration with the Macao Chamber of Commerce: small and micro companies, “Made-in-Macao” companies and Macao young entrepreneurs.
Part of the supplier support programme, the new F.I.T. programme aims to continue driving procurement between Sands China and local SME suppliers, targeted at both existing and new local Sands China suppliers. With this programme, the company seeks to increase its spend on all three types of local suppliers.
F.I.T. is comprised of three pillars: Financial Support, Invitational Matching and Training and Development.
Dr Wilfred Wong, President of Sands China Ltd, said: “As a company rooted in Macao, Sands China is proud to take this step as the first operator to offer this special 30% advance payment to eligible young entrepreneurs, through our new F.I.T. programme. We understand the financial challenges sometimes faced by young entrepreneurs and we hope this new initiative can help them grow together with Sands China in Macao. We’re also very pleased to be introducing our new invitational matching sessions, which are the first-of-their-kind in Macao, and the Sands China Procurement Academy, which helps local SME suppliers strengthen their operations to better meet international standards.”
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