The fund has a duration of 12 years, with Leong explaining that after seven years, it will recalculate the average investment return rate per annum.
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Rosário said that therefore the government had decided to grant the MTR the operation agreement first so that Macau could learn from the Hong Kong company’s experience.
Anima faces annual expenses amounting to about MOP10.5 million but receives just MOP3.8 million from the local government via the Macao Foundation.
Fong Soi Kun’s pension will be suspended for four years for his failure to fulfil his duties properly over the hoisting of storm warning signals when Super Typhoon Hato pummelled Macau last year.
According to Leong, the bill proposes that taxi drivers will face a fine of between 600 patacas and 30,000 patacas for violating various rules.
Polystyrene food containers are very slow to biodegrade and release hazardous chemicals at very high temperatures – chemicals that are bad for the kidney and the liver and could even cause cancer.
The Macau government announced in 2016 that via the Guangdong-Macau cooperation fund, Macau would invest in infrastructure and other important projects in the neighbouring province.
The bureau’s anti-smoking inspectors fined 1,420 people for illegally smoking during the first quarter, comprising 900 tourists, 477 residents and 43 non-resident workers.
The judge has ordered the process to resume, and a re-run of the first hearing has been scheduled for 14 May.