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  • April 19, 2014
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  1. Business - Comment - MONITOR

    Fiscal report based on lunatic projection of capital spending

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

    ... In a nutshell the working group argued that as Hong Kong's population ages, over the next three decades the number of over-65s living in the city will grow by 1.5 million. As a result, measured ... growth. So far, all is reasonable, conservative and uncontroversial. It's with the next bit of the report that things begin to come adrift. According to the working group, this conjunction ...

  2. Business - Economy - MONITOR

    Immigration and reclamation won't raise living standards

    Posted Feb 18th 2014, 04:34am by Tom Holland

    ... won't raise living standards John Tsang obviously doesn't read the South China Morning Post. That's a shame, because if he did, Hong Kong's financial secretary might just save ... while all of Singapore's immigration and reclamation might have inflated official egos, it has done little or nothing to boost ordinary people's living standards. There's little ...

  3. Business - Comment - MONITOR

    We don't need a Future Fund. The future is already upon us

    Posted Mar 05th 2014, 01:34am by Tom Holland

    ... Tom Holland HK government should make better use of its existing resources and assets to meet the spending needs arising from an ageing population We don't need a Future Fund. ... the government could meet its future spending needs from existing resources. They do, however, come up with one new recommendation that is not so much novel as utterly bizarre. Hong Kong, they say, ...

  4. Business - Comment - MONITOR

    After nine years, it's time to leave the stage

    Posted Mar 06th 2014, 12:25am by Tom Holland

    ... for executives, for Hong Kong people to live", claimed then-chief executive Donald Tsang in 2006.) Today, pollution levels are worse than ever. And while the government has pledged action, whether ...

  5. Business - Comment - MONITOR

    George Osborne is wrong about China and the yuan

    Posted Feb 21st 2014, 12:24am by Tom Holland

    ... rates will reduce the incentives for global firms to deal in and hold the yuan They also benefit from an old convention that dictates rival politicians and the media should refrain from ...

  6. Business - Comment - MONITOR

    Neither Singapore nor Hong Kong is an Iceland waiting to happen

    Posted Feb 14th 2014, 12:42am by Tom Holland

    ... lived and worked in both cities. Forbes ' argument is that Beijing's 2009 stimulus efforts combined with the US Federal Reserve's quantitative easing programme to trigger a twin ... Hongkongers aren't likely to be forced by a banking crisis to go back to being fishermen for a living- or at least not just yet. tom.holland@scmp.com ...

  7. Business - Money - MONITOR

    No need to panic over slide in stock markets

    Posted Feb 05th 2014, 05:37am by Tom Holland

    ... Sure, slower growth in China will dent commodity prices, which will hurt resource exporters. But for much of the rest of the world, including many emerging markets, lower commodity prices would ...

  8. Business - Comment - MONITOR

    The essential financial reform Beijing cannot afford to ignore

    Posted Jan 28th 2014, 01:27am by Tom Holland

    ... of years, China's output of grain per farm-worker rose by almost 20 per cent. Incomes rose, and rural per capita consumption climbed 24 per cent. After years of lagging behind, the living ...

  9. 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

    ... 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 ... of the Environment and Water Resources. At independence 50 years ago, Singapore relied on imports for its entire water supply. In recent years, however, the government has introduced incentives to cut ...

  10. Business - Comment - MONITOR

    Beijing's financial reforms will push up interest rates

    Posted Jan 16th 2014, 11:41pm by Tom Holland

    ... the allocation of credit away from overinvested state industries towards resource-starved service companies in the private sector. In other words, moving towards market-determined interest rates ...




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