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Ho announces new entity to oversee public firms

Newly established Macau Special Administrative Region Public Assets Supervision and Planning Office is aimed to strengthen the supervision of the city’s public enterprises and public funds.

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UPDATED: 22 Dec 2023, 5:47 am

Chief Executive Ho Iat Seng said on Friday that a newly-established entity officially named Macau Special Administrative Region Public Assets Supervision and Planning Office aimed to strengthen the supervision of the city’s public enterprises and public funds.

Ho made the remarks while speaking to reporters at Macau Tower after an official reception to celebrate the 20th anniversary of Macau’s return to the motherland.

The new entity was established as a government project team through an executive order by Ho published in the Official Gazette (BO) on Friday.

Ho has also appointed former secretary for administration justice Sónia Chan Soi Fan as the director of the office in another executive order published in the gazette on Friday. Chan’s appointment took effect on Friday with a two-year term.

According to the executive order about the establishment of the office, it will be directly overseen by the chief executive and is headed by a director with the assistance of two deputy directors.

According to the Macau Post Daily, the office has an initial duration of three years which can be extended. The supervision by the office does not cover the Pension Fund (FP) and the Social Security Fund (FSS), according to the executive order.

UPDATED: 22 Dec 2023, 5:47 am

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