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The Commission Against Corruption (CCAC) has announced that it will investigate loans worth 212 million patacas granted by the Macau government about a decade ago to the now defunct local airline Viva Macau.
A report released by the Commission Against Corruption (CCAC) yesterday says that officials responsible for the vetting and approval of MOP 212 million (US$26.56 million) in loans to Viva Macau, a locally incorporated private airline that went belly up in 2010, “failed in their duties”.
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Macau, China, 20 Jan - Budget airline Viva Macau received a government bailout loan package of 200 million patacas (US$ 25 million) to ensure their operations in the wake of last year financial crisis. The loan facility was issued by the government's Industry Development Fund and is secured against the airline's shares and assets, Secretary for Economy and Finance Francis Tam Pak-yuen ...
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29 wrz 2024 · 30-minute daily news program in English with essential information about Macau, Greater China, the Asia-Pacific region and the rest of the world. It includes also sports and cultural news. Broadcasting Time: Every day at 10:30PM. Broadcasting Language: English. Live broadcast on TDM website and TDM APP. 2024-09-30 Review Full Episode.
