56 Economy
The show must go on
History wasn’t kind to the 13th Macau International Fair, coming as it did
as the global financial meltdown went into overdrive. but as we found out,
the wheels of business continued to turn
by José Carlos Matias
I
t’s a familiar refrain. system went into a tailspin. a 35 percent decrease. The down to the fact that most of
Each year at the end of the Consumer and producer con- overall number of visitors was the deals involved small and
Macau International Fair fidence is now plunging as also down. medium-sized businesses.
(MIF), organisers and par- the crisis in the Wall Street- However, this year there Lee Peng Hong, presi-
ticipants laud the event as the led crisis starts to kick-in on were more business-to-busi- dent of the Macau Trade and
best ever - this year due to the “Main Street’’. ness meetings and more deals Investment Institute (IPIM),
economic meltdown the mood Despite the gloom, this inked compared to 2007, but underlined that this year’s
was more circumspect. year’s MIF - Macau’s 13th the amount of money involved MIF attracted representa-
The 13th MIF which ran - managed to attract 5,795 - MOP3.5 million – was low- tives from new countries and
from October 23 to the 26, professional visitors, which er than last year. Organising exhibited new products, add-
took place just a few weeks understandably, was down on committee member, Wong ing that the qulaity of goods
after the world’s financial last year’s 9,000, reflecting Mun put the lower cash figure on show and the people taking
december 2008
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