Macau’s citywide consumption promotion plan will be launched before the end of this year, said the Secretary for Economy and Finance, Lei Wai Nong. TDM Report.
This will be an expanded version of the recent so-called “shopping carnival”, occur He said this at a recent Legislative Council meeting. That show The scheme, which includes discounts, vouchers and raffle prizes distributed through digital payment platforms and can only be used at participating merchants, is designed to encourage consumers to spend in quieter parts of the city, thereby helping the local economy.
The 20-week northern program ended earlier this month. Ray said officials are now evaluating what worked and what didn’t and will adopt the successful ones for the citywide program.
[See more: Consumer promotions have helped ailing businesses in the northern district]
“We hope to launch it in the fourth quarter based on the positive lessons learned,” he said.
Government spending stimulus measures have helped curb Macau residents’ shopping trips to the mainland, especially during long holidays and weekends when prices tend to be cheaper, a practice that has led to big losses in business for local merchants.
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