Chief Executive leaves for Brazil

The Chief Executive, Mr Edmund Ho Hau Wah, left for Brazil today on an official visit, with the aim of strengthening economic ties of Macao acting as the trading platform between China and Portuguese-speaking nations. Speaking to the media before his departure, Mr Ho said that during the six-day visit, he would introduce Macao to Brazilian entrepreneurs as well as to further enhance communication with the Brazilian Government. The delegation will also meet with Macanese who have settled in Brazil. “We hope to deepen the relationship between Brazil and Macao by using this specific human resource,” said Mr Ho. Brazil, in terms of economic development, is one of the most important Portuguese-speaking countries Macao would co-operate with. When asked about the question of land resources and real estate, Mr Ho said due to Macao’s rapid economic development recently, over-development might occur. Since Macao has limited land resources, the public would be greatly concerned with land resource and real estates policies. These policies might spur disputes in the future, and the Government ought to study them with caution and seek solutions said Mr Ho. “The Government has a clear position on land resources and real estate policies and will continue to stabilise the original policies which is important to the economic and city development. The Government has the authority to control over-development situations, such as a high price of land.” Howeve, the Government might act differently on the policies according to Macao’s future mode of development and the needs of the society, he said. Mr Ho also said under the principles of fair, just and the match with the entire development of Macao, the Government would take care of the needs of different levels, especially those who have difficulties in buying homes.