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  • April 19, 2014
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  1. Business - Economy

    Got a question about the dollar peg? We have the answers

    Posted Oct 14th 2013, 02:30pm by Hong Kong Monetary Authority

    ... Hong Kong Monetary Authority 1. What is the Linked Exchange Rate System (LERS)? The LERS was adopted in Hong Kong in October 1983. The objective of the LERS is to maintain currency ... authorities’ ongoing efforts in promoting the RMB as an international currency, it is premature to consider the option of using the RMB as an anchor currency of the HKD: First, without a fully ...

  2. News - Hong Kong - TERMINAL GROWTH

    Third runway takes priority over train depot, says Airport Authority chairman Marvin Cheung

    Posted Jan 06th 2014, 04:02am by Olga Wong

    ... Olga Wong olga.wong@scmp.com Airport Authority chairman argues expansion is most important following dispute within the authority over plans for key development site Third runway 'takes priority over depot' The proposed third runway should take priority over commercial development at the airport, Airport Authority chairman Marvin Cheung Kin-tung said in his first ...

  3. News - Hong Kong - DEVELOPMENT

    Airport Authority board reject plan to move train depot for third runway

    Posted Dec 18th 2013, 05:46am by Olga Wong

    ... Olga Wong olga.wong@scmp.com Huge cost of moving depot for driverless third runway train would outweigh improved land value, Airport Authority board were told Airport board rejects plan ... to the opening of the runway itself- has led the Airport Authority board to vote against changing its plans for the airport. The board was informed that the cost of moving the depot would be double ...

  4. News - Hong Kong - DEVELOPMENT

    Airport Authority under pressure to lift lid on commercial project

    Posted Nov 21st 2013, 06:42am by Olga Wong, Tanna Chong

    ... lid on project Four board members of the Airport Authority have called for details about options to develop a commercial project, putting pressure on the management to lift the lid on its inner dealings. The calls came as media this week exposed a feud between the authority chairman and his likely successor over the project on the airport premises. At stake is the proposed ...

  5. News - Hong Kong - DEVELOPMENT

    Airport Authority member threatens to quit over delayed mall plan

    Posted Nov 20th 2013, 05:21am by Olga Wong

    ... Olga Wong olga.wong@scmp.com Politics behind feud that has delayed development, says developer Resignation threat over airport mall plan A possible successor to the Airport Authority ... that he tendered his resignation as chairman of the authority's infrastructural planning committee early this month. Lo, who is widely seen as a supporter of Chief Executive Leung Chun-ying, ...

  6. News - Hong Kong - AVIATION

    Slap on the wrist for Airport Authority chief over tender process violation

    Posted Aug 27th 2013, 12:00am by JEFFIE LAM

    ... Jeffie Lam jeffie.lam@scmp.com Rule change in middle of leasing process meant retail space went to second-highest bidder, Rolex Slap on the wrist for Airport Authority chief The Airport ... affordable rent would generate the best profits for the airport, the source said. The authority refused to comment on any penalty imposed on Hui, referring to it as "internal affairs", ...

  7. News - World - UNITED STATES

    30 hurt as train derails and shoots up escalator at Chicago airport

    Posted Mar 25th 2014, 01:38am by NYT

    ... McClatchy Tribune in Chicago Cause of accident in Chicago unclear but speed may be a factor, transport official says 30 hurt as train derails, climbs escalator at airport More than 30 people were injured when a Chicago commuter train jumped the platform and climbed up an escalator at O'Hare International Airport early yesterday, officials said. "I heard a boom ...

  8. News - China - SECURITY

    'There's a bomb in my pants': Passenger held at Beijing airport over hoax

    Posted Mar 19th 2014, 11:57am by STEPHEN CHEN

    ... of his remarks, according to the report. The shutdown of the security checkpoint had affected many travellers and severely disrupted the operation of the airport, according to the authorities ... in detention for five days after he told officers at a security checkpoint at Beijing’s international airport that he had hidden a bomb in his rectum. The passenger was in a hurry to board his aircraft ...

  9. Comment - Letters

    Airport should tackle competition before building third runway

    Posted Mar 16th 2014, 03:33am by LETTERS

    ... the third runway is deafening. Besides the idea of auctioning flight slots during peak hours, the Hong Kong Airport Authority should consider giving discounts for landing and parking fees during ... SCMP Editorial Airport should tackle competition before building third runway I refer to Jake van der Kamp's column ("Taxpayers should not pay for a third runway… ...

  10. Airport Authority to jointly manage Hongqiao airport

    Posted Oct 13th 2009, 12:00am by Charlotte So, Will Clem

    ... Charlotte So and Will Clem in Shanghai The Airport Authority Hong Kong is to team up with its Shanghai counterpart to co-manage Shanghai Hongqiao Airport as it seeks to further integrate ... terminals, the retail business in the terminals and the traffic control centre in Hongqiao. This is the third mainland airport project that the Airport Authority has invested in. It has invested ...




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