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  • October 23, 2014
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  1. Business - Comment - MONITOR

    Capital investment fails unless you build social capital as well

    Posted Jun 18th 2013, 12:00am by Tom Holland

    ... unless you build social capital as well As a youngster, Monitor 's columnist lived largely in the oil-exporting kingdoms, sultanates and emirates of the Persian Gulf. At the time, money ... as the main means of transport. The in-rushing tide of petro-dollars soon changed all that. Cash-rich governments rapidly embarked on enormous programmes of infrastructure investment, building ...

  2. Business - Comment - MONITOR

    Quicker way to solve housing problem than a building binge

    Posted Jan 18th 2013, 12:00am by Tom Holland

    ... a building binge Yesterday Monitor argued that Chief Executive Leung Chun-ying's plan to double the number of homes built in Hong Kong over the next five years is likely to backfire. Given ... or even factory buildings. Cramped living space in cage homes, cubicle apartments and subdivided flats has become the reluctant choice for tens of thousands." So the core problem would appear ...

  3. Business - Comment - MONITOR

    Fiscal report based on lunatic projection of capital spending

    Posted Mar 04th 2014, 05:09am by Tom Holland

    ... billion in 2014 to an eye-popping HK$515 billion in 2041. To put that sum into perspective, it is enough to build four new runways for Hong Kong airport each year. The working group explains ... non-traded prices in the sector sharply higher. If it didn't build so much, costs wouldn't rise so quickly. In any case, even keeping capital spending constant in real terms would be crazy. ...

  4. Business - Comment - MONITOR

    Tsang's vision of Hong Kong's future is severely out of focus

    Posted Feb 27th 2014, 01:23am by Tom Holland

    ... Tom Holland Instead of building mega-projects that serve no purpose, the government should spend money where it is needed: education, health and welfare Tsang's vision of Hong ... To fund all that building, the government ring-fenced its income from land sales and lease modifications and earmarked it for spending only on capital works projects. The idea was a roaring ...

  5. Business - Comment - MONITOR

    Hong Kong needs a fresh policy on water before the taps run dry

    Posted Jan 09th 2014, 12:15am by Tom Holland

    ... water, and if necessary we could even build desalination plants to take the salt out of sea water. But no joined-up thinking is likely given the government's current fragmented approach ... Services Department, the Buildings Department, the Agriculture, Fisheries and Conservation Department and the Environmental Bureau. A new report by Liu Su and Jessica Williams at the think tank ...

  6. Business - Economy - MONITOR

    CY's policies will exacerbate city's coming down-cycle

    Posted Jan 16th 2014, 02:36am by Tom Holland

    ... Tom Holland While his efforts to help the poor are laudable, the chief executive's revenue-raising and home-building plans are going to store up trouble CY's policies ... on a home-building binge. Yesterday he promised to increase housing density across much of the territory and to develop something called the "East Lantau Metropolis" as part of his plan to build ...

  7. Business - Comment - MONITOR

    Chinese investors should avoid Britain's rotten egg rail project

    Posted Jan 13th 2014, 12:55am by Tom Holland

    ... in the making. One former government adviser says the arguments for building the new line smell so bad, it should called not HS2 but H2S, after the chemical formula for hydrogen sulphide, the poisonous ...

  8. Comment - Insight & Opinion - MONITOR

    The unintended consequences of Hong Kong's property policies

    Posted Nov 29th 2013, 04:27am by Tom Holland

    ... In an overblown market that was already beginning to slide, it was exactly the wrong policy. Homeowners blamed the building plan for exacerbating the slump, and Tung's popularity ratings plunged. Finally, in mid-2000, with home prices down 50 per cent, the government executed a U-turn, announcing that it had abandoned its policy. Instead of building, it would suspend land sales ...

  9. Business - Economy - MONITOR

    Beijing sets irreconcilable economic targets for 2014

    Posted Dec 16th 2013, 04:28am by Tom Holland

    ... has been poorly allocated. Countless billions of yuan have been poured into building unneeded roads, bridges and airports which see little or no traffic. Even more has been pumped into heavy ...

  10. Business - China Business - MONITOR

    Mining on the moon? That's sheer lunacy

    Posted Dec 03rd 2013, 05:45am by Tom Holland

    ... is marginally more interesting. It contains lots of titanium, for example. But titanium is plentiful on earth. The only possible reason anyone would want to mine titanium on the moon would be to build ...




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