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  • September 23, 2014
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  1. Taskforce to tackle financial crisis likely to be wound up

    Posted Jun 22nd 2009, 12:00am by Gary Cheung

    ... Gary Cheung A taskforce set up in October to assess the impact of the global financial crisis on Hong Kong is likely to be disbanded after its fifth meeting today. A member ... will discuss development of the six industries: education; medical services; environment; innovation and technology; cultural and creative industries; and food safety and product testing. Chief ...

  2. Tsang's 'six new pillar industries' don't stand up

    Posted Jun 28th 2012, 12:00am

    ... the industry,' he said. It was the Task Force on Economic Challenges, an advisory body established and chaired by Tsang in response to the financial tsunami of 2008, which first came up with the idea ... Amy Nip Missed opportunities and broken promises- these are what come to mind for those working in the 'six new pillar industries' once identified by Chief Executive Donald Tsang ...

  3. HK urged to strengthen role as financial centre

    Posted Jun 07th 2006, 12:00am by Staff Reporter

    ... needed to strengthen its role as a global financial centre and help the mainland currency's progress towards free convertibility, Mr Tsang said. He was speaking in the Yunnan provincial ... Plan. According to this, Hong Kong should focus on developing its finance, logistics, tourism and services industries in the next five years. Mr Tsang said he would work closely with other ...

  4. Officials urged to do more to promote hi-tech industries

    Posted Jun 20th 2007, 12:00am by Klaudia Lee

    ... a balanced economy instead of just relying on financial services. Mr Wong said in stark contrast to technology industries that normally built up gradually, there were always huge ups and downs in the financial market. 'Once a technology base is built, there is sustainability,' he said, adding that technology was 'knowledge-based'. But the public had started to query the need ...

  5. Lai See

    Posted Jun 21st 2012, 12:00am

    ... are increasingly being banned for life for breaking market abuse rules by the Financial Services Authority. The authority is trying to create a reputation as being a tough regulator following the bashing it took in the wake of the global financial crisis, Bloomberg reports. Its 'light touch' regulation was widely blamed for some of the risks that banks took prior to the crisis. Bans ...

  6. 40 events will highlight creative industry in 2012

    Posted Mar 20th 2012, 12:00am

    ... Vivienne Chow A year-long series of more than 40 events linked to design will put the growth of Hong Kong's creative industry in the spotlight. Chief Executive Donald Tsang Yam-kuen declared 2012 to be Hong Kong Design Year in his policy address last year, and a range of events has already been announced, from educational activities to industry events. Design Year ...

  7. Financial chief to offer new measures

    Posted Jan 31st 2011, 12:00am by Gary Cheung

    ... Gary Cheung Homeowners may not have to pay property rates and public housing tenants may get a rent waiver in the next budget, according to a government official. Financial Secretary John ... in 2008-09 cost the government HK$4.3 billion. Officials preparing for the budget have calculated the financial implication of each relief measure and John Tsang will finalise his relief package ...

  8. Backward industry needs a refit

    Posted Oct 13th 2011, 12:00am

    ... be a wake-up call on safety in the construction industry. With the population of skilled workers rapidly ageing, the government has poured serious money into training and vocational schemes to attract young people into the industry. But with little success. Even with recent pay rises for bar benders and scaffolding workers, there are not enough construction workers to meet major ...

  9. In Brief

    Posted Apr 09th 2008, 12:00am by Staff Reporter

    ... theme is 'Green Asia: moving towards win-win through changes'. Mr Tsang will return to Hong Kong on Sunday. During his absence, Financial Secretary John Tsang Chun-wah will be acting ... the currency in circulation in Hong Kong. The city is the world's ninth largest holder of foreign currency reserves. Worker killed on casino site A Hong Kong worker died in an industrial accident ...

  10. Cutting civil service pay will do nothing to ease financial woes

    Posted May 28th 2009, 12:00am by Staff Reporter

    ... A survey has shown a drop in private sector pay as the city's economy is in recession due to the global financial turmoil. Consequently, editorials in the Hong Kong media are quick ... to an early recovery through local consumption. A pay cut for civil servants is not really an immediate solution to the city's current financial woes or a quick fix to help lift Hong Kong out ...




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