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  • September 19, 2014
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  1. Few Asian economies are as exposed to the crisis as HK

    Posted Oct 11th 2008, 12:00am by Shirley Yam

    ... economy that is more exposed to the global financial crisis, global economic slowdown, unstable US currency regime and the mainland's economic slowdown than Hong Kong. Despite the dive ...

  2. Who said it?

    Posted Oct 13th 2011, 12:00am

    ... Philippine President Benigno Aquino, reacting to being asked if he had played video games during last year's Manila bus hostage crisis I did see some in the hallway, and all they did was encourage me with what I was doing US Senator Orrin Hatch, on Beijing's lobbyists at Capitol Hill trying to dissuade congressmen against passing the currency bill, which Hatch opposes ...

  3. Lai See

    Posted Apr 17th 2012, 12:00am

    ... moaning about the impact on their morale if their bonuses or salaries are cut. They look for somewhere else to work. We well remember in the aftermath of the Asian financial crisis swathes ... through that crisis unscathed- the civil service. It is time we stopped treating Hong Kong's civil servants and their 'morale' as if it was some kind of endangered species that has ...

  4. Rescue by devaluation

    Posted Jul 22nd 2003, 12:00am by Staff Reporter

    ... of government. The morass Hong Kong has fallen into began with the Asian economic crisis of 1998. The decision to defend the currency by then-financial secretary Donald Tsang Yam-kuen and Joseph Yam ... their currencies to fall became competitive and are booming again. The government must devalue the currency. The case is more compelling than ever. This would provide Hong Kong with a dramatic boost ...

  5. Tsang fears storm to hit soon after he bows out

    Posted Feb 11th 2012, 12:00am

    ... Peter So peter.so@scmp.com The chief executive spoke like a veteran financial skirmisher yesterday, saying he was 'praying' a looming global economic crisis would not hit Hong Kong during the new government's first days in office. Harking back to 1997, when as financial secretary he controversially defended the Hong Kong dollar from currency speculators, Donald ...

  6. Yam's paper on the peg goes beyond the money

    Posted Jun 14th 2012, 12:00am

    ... financial meltdown and monetary crisis.' He did not elaborate on the connection between these concerns and the need to review the peg . Yam was the city's central banker for 16 years ... dollar, that mainlanders would start to belittle Hong Kong's currency and lose their respect for Hongkongers. 'This psychology, reinforced by the rise of the mainland consumerism ...

  7. Tsang's only option is full disclosure

    Posted Mar 03rd 2012, 12:00am

    ... crisis. This may still be part of his legacy to Hong Kong, but it will no longer be his defining moment. Instead, it is the scandal that has engulfed him over his private dealings with tycoons ... appeared before the Legislative Council on Thursday to give an account of himself. It was his biggest challenge since staring down the attack on the currency. He fell short. We do not doubt his ...

  8. Six degrees

    Posted Jun 17th 2012, 12:00am

    ... was notable for defending the local currency's position tenaciously: in order to maintain it during the Asian financial crisis, for example, he pushed interbank rates up to 280 per cent ...

  9. Crisis shows it pays to invest in public services

    Posted Aug 27th 2010, 12:00am by Bernard Chan

    ... in response to this crisis was a tribute to their dedication, training and skill. It was also a reflection of the high standards that our community expects public servants to achieve. And, if we ... a crisis like this. Perhaps the urgency of the situation helped: there was no time to worry about public reaction and try to manage the media. Officials' experience with such crises ...

  10. The right tone for a crisis

    Posted Aug 28th 2010, 12:00am by Stephen Vines

    ... Stephen Vines Is there no limit to the political opportunism that can be extracted from tragedy? Lamentably, the answer is 'no'. The Hong Kong community is still reeling from the fatal bungling of the hostage crisis in Manila but, out there in the lower depths of political pond life, some people are determined to turn tragedy to their advantage. First up, and this comes ...




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