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  • April 23, 2014
  • Last updated: 6:34pm
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Results 1 - 10 of 26 for bridge collapse

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  1. Business - Comment - LAI SEE

    Infrastructure spending is declining, says Starry Lee

    Posted Feb 28th 2014, 01:01am by Howard Winn

    ... grounds. The Hong Kong-Macau-Zuhai bridge and the express rail link are two such projects. Capital works expenditure forecasts in the 2006/07 budget until 2010/11 range from HK$29 billion- HK$39 ... and have significantly added to the congestion.   Water under the bridge Recently, a roving inspection group of the Central Commission for Discipline Inspection, China's graft watchdog, took ...

  2. Business - Comment - LAI SEE

    Wu case drags on and on

    Posted Feb 15th 2014, 01:37am by Howard Winn

    ... Ka-shun, a senior figure at EY, were guilty of professional misconduct. These findings related to the collapse of the New China Hong Kong Group in 1999, owing creditors some HK$1.5 billion. ...

  3. Business - Comment - LAI SEE

    It's more a scaremongering act than a poor job of forecasting

    Posted Jan 11th 2014, 01:16am by Howard Winn

    ... with this approach is that it imposes a degree of financial discipline, in that if you are borrowing at, say, 5 per cent to finance a bridge, you need to ensure a realistic price is paid by the users, which might put a dampener on some of the sillier, politically driven projects like the bridge to Macau or the high-speed train. It is bizarre for the government to pay cash for infrastructure ...

  4. Business - Comment - LAI SEE

    Anthony Wu found guilty of professional misconduct

    Posted Jan 03rd 2014, 01:48am by Howard Winn

    ... this is a case that has been fraught with delays. Wu's professional misconduct relates to the collapse of the New China Hong Kong Group (NCHK) in 1999, owing creditors some HK$1.5 billion. ... a professional standard." In the 14 years since the collapse of NCHK, while various court cases and the HKICPA investigation have rumbled on in the background, Wu has carved out another career ...

  5. Business - Comment - LAI SEE

    RMJM hit with winding up order for non-payment of salary

    Posted Dec 18th 2013, 06:04am by Howard Winn

    ... are Ernst & Young, of which Wu was chairman until December 2005, and Catherine Yen Ka-shun, another senior figure at the accounting firm. The complaint relates to the collapse of the investment ...

  6. Business - Comment - LAI SEE

    Li Ka-shing is still sulking about his treatment by the press

    Posted Jul 30th 2013, 12:00am by Howard Winn

    ... an IPO. It recalls fond memories of Peregrine Investments, which went spectacularly bust in 1998 after making what was supposed to be a US$260 million bridging loan to the taxi company ironically called Steady Safe. The idea was to recoup the loan by selling bonds but the headwinds of the Asian financial crisis proved too much- the deal collapsed and so did Peregrine. It proved ...

  7. Business - Comment - LAI SEE

    Is 'one country, two systems' Hong Kong's driving force?

    Posted Nov 14th 2013, 02:27am by Howard Winn

    ... to work with. The Director of Audit, among others, has said that the system of maintaining government records seems to have collapsed since 1997. Literally mountains of government records have ...

  8. Business - Comment - LAI SEE

    Sceptic lawyer questions actual productivity of Hong Kong police

    Posted Oct 19th 2013, 02:27am by Howard Winn

    ... The complaint relates to the collapse of the investment in New China Hong Kong in 1999. Wu was the financial adviser to the company and Ernst & Young was the auditor.   Buffett's congress ...

  9. Business - Comment - LAI SEE

    Why the long wait for an opinion on Anthony Wu?

    Posted Sep 26th 2013, 12:00am by Howard Winn

    ... The complaint relates to the collapse of New China Hong Kong Group (NCHK), which was founded in 1993 by a consortium of investors from Hong Kong, the mainland (including the Hong Kong and Macau Affairs ... the company's collapse, one of which was against Ernst & Young and Wu, which was settled out of court. The HKICPA took six years to decide whether the defendants had a case to answer. ...

  10. Business - Comment - LAI SEE

    Dr Doom Marc Faber spells out the end game at CLSA Forum

    Posted Sep 28th 2013, 12:00am by Howard Winn

    ... Another indication is when the US government has to issue treasuries to pay the interest on its maturing debt. "That will be the end game - then you are dealing with a collapse ...




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