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Industrial development fund overdue payment surges past MOP500 mln

Summary by Macau Business
Late payments associated with the industrial and commercial development fund has snowballed to at least MOP500 million (US$62.4 million). The amount is according to a recent Legislative Assembly session with the secretary for economy and finance, Tai Kin Ip, in attendance. The amount of the outstanding balance includes the loan of MOP212 million to Viva Macau, a low-budget carrier that was once based in Macau but filed for bankruptcy for mismana…
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Macau BusinessMacau Business

Industrial development fund overdue payment surges past MOP500 mln

Late payments associated with the industrial and commercial development fund has snowballed to at least MOP500 million (US$62.4 million). The amount is according to a recent Legislative Assembly session with the secretary for economy and finance, Tai Kin Ip, in attendance. The amount of the outstanding balance includes the loan of MOP212 million to Viva Macau, a low-budget carrier that was once based in Macau but filed for bankruptcy for mismana…

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Macau Business broke the news in on Monday, March 31, 2025.
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