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Day: November 26, 2015

Macau government to spend 1 billion patacas on office rents next year

Macau government to spend 1 billion patacas on office rents next year

The government expects to spend about one billion patacas next year to pay rent for office spaces, a year-on-year rise of 38.6 percent, Secretary for Economy and Finance Lionel Leong Vai Tac said on Wednesday. Leong and several senior officials of his portfolio including Finance Services Bureau (FSM) Director Iong Kong Leong attended Wednesday’s plenum […]
Hong Kong-Zhuhai-Macau bridge delayed by a year

Hong Kong-Zhuhai-Macau bridge delayed by a year

The HK$133 billion bridge linking Hong Kong, Macau and Zhuhai will miss its 2016 deadline by a year, the Hong Kong government has confirmed. The Hong Kong boundary crossing facilities and link road won’t be completed by the end of 2016 according to the current progress of construction, the Highways Department (HD) confirmed for the […]
Airport repaid Macau government 86 million patacas in 2015

Airport repaid Macau government 86 million patacas in 2015

Local airport operator CAM repaid 86.39 million patacas to the government this year, as part of its repayment plan involving a 1.647 billion patacas loan from the Treasury, Finance Services Bureau (FSM) Director Iong Kong Leong said on Wednesday. The loan was used by the airport to repay the money it borrowed from a number […]
Hong Kong-Zhuhai-Macau bridge delayed by a year

Hong Kong-Zhuhai-Macau bridge delayed by a year

The HK$133 billion bridge linking Hong Kong, Macau and Zhuhai will miss its 2016 deadline by a year, the Hong Kong government has confirmed. The Hong Kong boundary crossing facilities and link road won’t be completed by the end of 2016 according to the current progress of construction, the Highways Department (HD) confirmed for the […]
Macau government to spend 1 billion patacas on office rents next year

Macau government to spend 1 billion patacas on office rents next year

The government expects to spend about one billion patacas next year to pay rent for office spaces, a year-on-year rise of 38.6 percent, Secretary for Economy and Finance Lionel Leong Vai Tac said on Wednesday. Leong and several senior officials of his portfolio including Finance Services Bureau (FSM) Director Iong Kong Leong attended Wednesday’s plenum […]