Our editors will be looking ahead today to these developing stories ...
Airport Authority delivers its 2011-12 results
The Airport Authority holds a briefing on its annual results for the year to the end of March. Last year it reported a record profit of HK$4 billion, thanks to a strong rebound in passenger and cargo throughput. However, chief executive Stanley Hui Hon-chung (left) warned that its expansion plans, particularly the yet-to-be-approved construction of a third runway, could make for a bumpy ride in the years ahead.
Legco reports on C.Y.'s role in West Kowloon tender
The Legco select subcommittee investigating chief executive-elect Leung Chun-ying's involvement in the West Kowloon Reclamation Concept Plan tables its report. In March 2001 Leung was a member of a jury that considered a tender from a company with which he had a business connection. The alleged offence was made public in February, in an official statement issued at a critical moment in Leung's campaign to be the next chief executive, raising suspicions that the administration was trying help his main rival, former chief secretary Henry Tang Ying-yen.
Update on HK aid project after Sichuan quake
The retired engineer appointed to head the Development Bureau's Sichuan reconstruction programme, Mak Chai-kwong (left), gives a lecture at the University of Hong Kong on progress of the project the government set up in the aftermath of the May 12, 2008, disaster, in which 87,000 people died. In 2009, the government donated HK$9 billion for reconstruction, but concerns were raised last month by reports that a secondary school rebuilt using HK$4 million in Hong Kong donations would be demolished to make way for a luxury residential complex.
Local governments to oppose Japan's nuclear restart
Local governments, once the 'silent' stakeholders in Japan's power industry, are expected to demand the abolition of nuclear power plants when all but one of Japan's 10 regional electricity companies hold shareholders' meetings. According to the Asahi Shimbun, two reactors at Kansai Electric's Oi nuclear plant in Fukui prefecture are expected to go online next month, despite objections raised by the mayor of Osaka, the city the plant serves.
Kuk meeting considers new date for protest
The Heung Yee Kuk, which looks after the interests of indigenous New Territories residents, is expected to choose a date for its delayed protest against government plans to dismantle illegal structures. It had planned to hold the protest today, at the government's offices in Admiralty, but decided to delay it until after the July 1 handover anniversary so 'the celebrative atmosphere will not be affected'. A statement by Development Secretary Carrie Lam Cheng Yuet-ngor (left) that the small-house policy should end led to the comment 'Shouldn't we chop her?' at an angry kuk meeting last week.
Lawmakers vote on audit reform
Legislators vote on a controversial law reform that could make auditors criminally liable for accounting fraud if they fail to declare that the financial statements are not in agreement with the auditors' own records or fail to obtain all the information needed for the audit. The reform is part of a broader push to improve governance and investor protection.