US-Macau business reception postponed amid funding lapse

The U.S.-Macau Business Partner Reception, scheduled for October 23 at a hotel downtown, has been postponed due to a lapse in U.S. government funding, organizers confirmed in a letter to members of the American Chamber of Commerce in Macau (AmCham) that was obtained by the Times.

The letter stated that the event will be rescheduled once U.S. government operations return to normal.

“We look forward to rescheduling the event once the U.S. government has resumed normal operations. We apologize for any inconvenience and greatly appreciate your understanding,” the letter read.

The reception, which traditionally brings together U.S. and Macau business leaders, diplomats, and investors, was expected to serve as a key networking opportunity for the region’s business community.

Latest data from the U.S. Department of State shows that in 2022, U.S. foreign direct investment in Macau totaled USD552 million. That same year, 39 U.S. firms were operating in the city.

“This reception remains a valuable opportunity to connect with representatives from the U.S. Consulate, exchange insights, and strengthen partnerships – all while enjoying an evening of networking accompanied by a selection of U.S. and local food and beverages,” AmCham said in an earlier notice to members.

No new date has been set.

The U.S. government is currently in a shutdown, leading to disruptions in federal operations, including those conducted by U.S. consulates worldwide.

While essential services such as passport and visa processing continue, other consular activities, including cultural and business outreach programs, are experiencing delays or cancellations due to staffing shortages and funding constraints, according to U.S. media reports.

The funding lapse began on October 1 after Congress failed to pass a continuing resolution to keep federal agencies funded.

Yesterday, Republican House Speaker Mike Johnson predicted that the federal government shutdown may become the longest in history, saying he “won’t negotiate” with Democrats until they hit pause on their health care demands and reopen.