Rebuilding business

Financial support provided by the DSE to SMEs affected by Typhoon Hato reached MOP157.3 million as of September 5
Some 10,544 requests for financial support were submitted by SMEs (small and medium size enterprises) affected by Typhoon Hato to the Industrial and Commercial Development Fund of the Macao Economic Services (DSE), the department has revealed. Of the total requests, DSE has approved 3,146, with the amount involved reaching MOP157.3 million (US$19.5 million). DSE developed two schemes to assist SMEs to overcome difficulties following the passage of Typhoon Hato on August 23; namely, an interest-free loan of up to MOP600,000 and another subsidy of up to MOP50,000. According to the department’s response to Business Daily, of the total 10,544 applications received more than half (5,230) applied simultaneously to both support schemes.