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  • September 24, 2014
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  1. News - Hong Kong - DEVELOPMENT

    Government official 'preferred choice' to lead harbourfront authority

    Posted Sep 22nd 2014, 06:32am by Olga Wong

    ... confirmed that the consultation document specifies a huge, one-off grant to fund the authority would not be part of the model- a move aimed at avoiding controversy. The existing commission, which ... million dollars to cover operating costs and small projects. But the big projects would need separate funding approval from the legislature. As for the structure of the authority, a management ...

    http://www.scmp.com/news/hong-kong/article/1597584/government-official-preferred-choice-lead-future-harbourfront
  2. News - Hong Kong - DEVELOPMENT

    Chaos as initial funding for new towns in New Territories approved by Legco panel

    Posted Jun 27th 2014, 02:36pm by Tony Cheung, SAMUEL CHAN, Ada Lee

    ... Tony Cheung, Samuel Chan and Ada Lee Pan-democrats, protesters cry foul but HK$340 million funding passes Chaos as new-towns cash approved Lawmakers last night finally approved the government's request for preliminary funding for work on controversial new towns amid chaotic scenes and vows of legal action from pan-democrats, who said the vote was illegitimate. Members ...

    http://www.scmp.com/news/hong-kong/article/1541610/battle-over-new-territories-towns-plan-enters-seventh-round-lawmakers
  3. News - Hong Kong - DEVELOPMENT

    Finance chief urges lawmakers to back funding for new towns, despite protests

    Posted Jun 23rd 2014, 04:57am by Staff Reporter

    ... Staff reporter Financial chief urges lawmakers to back funding for plan despite protests New-town consensus impossible: John Tsang Garnering support from all seven million Hongkongers for controversial plans to build two new towns in the northeastern New Territories would be impossible, the financial chief said as he urged lawmakers to approve preliminary funding for the scheme. John ...

    http://www.scmp.com/news/hong-kong/article/1538466/new-town-consensus-impossible-john-tsang
  4. News - Hong Kong - DEVELOPMENT

    Urban renewal needs more funding: lawmakers to government

    Posted Jun 25th 2014, 04:49am by Olga Wong

    ... Olga Wong olga.wong@scmp.com Government urged to financially support URA's loss-making projects Urban renewal needs more funding: lawmakers Lawmakers have urged the government to give more financial support to the Urban Renewal Authority, which may have to forgo small redevelopment projects that generate larger losses. But Development Secretary Paul Chan Mo-po sidestepped ...

    http://www.scmp.com/news/hong-kong/article/1539816/urban-renewal-needs-more-funding-lawmakers-government
  5. News - Hong Kong - DEVELOPMENT

    Legco vote on new-towns funding postponed again as protesters rally at Tamar

    Posted Jun 20th 2014, 04:15pm by Joyce Ng, Ada Lee and Samuel Chan

    ... Joyce Ng, Ada Lee and Samuel Chan Legislators again fail to vote on new town funding A vote on preliminary funding for two controversial northeast New Territories new towns was put on hold ... of the one a week earlier that ended in mayhem with protesters attempting to storm the Legco building to stop lawmakers voting on the HK$340 million in funding for the new towns in Fanling and Kwu ...

    http://www.scmp.com/news/hong-kong/article/1536933/protesters-gather-government-hq-ahead-vote-controversial-new-towns
  6. News - Hong Kong - DEVELOPMENT

    Chuk Yuen villagers' delay bid could hit border project deadline

    Posted Sep 12th 2014, 02:42am by FANNY W. Y. FUNG

    ... seen its budget increase massively. A request for extra funding has yet to be approved by lawmakers due to filibustering of other funding requests and the Legislative Council's summer ...

    http://www.scmp.com/news/hong-kong/article/1590221/chuk-yuen-villagers-delay-bid-could-hit-border-project-deadline
  7. News - Hong Kong - DEVELOPMENT

    Hong Kong's harbourfront body set to scrap one-off injection of funds

    Posted Jun 16th 2014, 04:53am by Olga Wong

    ... Olga Wong olga.wong@scmp.com After arts hub storm, authority that will oversee waterfront projects is likely to seek cash injections as needed rather than a one-off payment Funding ... the future harbourfront authority would seek funding from lawmakers as needed for major waterfront projects. "It would be a more sensible approach, learning from the West Kowloon [arts hub] ...

    http://www.scmp.com/news/hong-kong/article/1533615/hong-kongs-harbourfront-body-set-scrap-one-injection-funds
  8. News - Hong Kong - DEVELOPMENT

    Third runway decision on hold over dolphin habitat concerns

    Posted Aug 20th 2014, 04:14am by CHEUNG CHI-FAI

    ... measures include adopting a non-dredging reclamation method to reduce underwater noise that would affect the dolphins, and to set up an eco-enhancement fund to support dolphin research. ...

    http://www.scmp.com/news/hong-kong/article/1577141/government-advisers-hold-back-giving-nod-third-runway
  9. Business - Banking & Finance - DEVELOPMENT

    Competing interests between BRICS nations could lead to challenges for new bank: analysts

    Posted Jul 21st 2014, 03:18am by Daniel Ren, Teddy Ng, KRISTINE KWOK

    ... with an initial capitalisation of US$50 billion and a US$100 billion emergency reserve fund. Despite disagreement about the location of the bank's headquarters, Shanghai was chosen in the end. ... US$50 billion could only fund five to six projects in China," he said. The existing international development financing system is centred on the World Bank and the International Monetary ...

    http://www.scmp.com/business/banking-finance/article/1556937/new-brics-bank-face-tough-challenges-analysts-say
  10. News - Hong Kong - DEVELOPMENT

    Government ‘will not withdraw’ HK$120b new towns building plan that sparked Legco storming

    Posted Jun 15th 2014, 02:17pm by Ernest Kao

    ... building on Friday, clashing with police as they tried to force their way into a Finance Committee meeting where members debated a HK$340 million interim funding request. Speaking in a television ... of the interim funding could go to waste if the board decided to change or reject the plan during vetting. But he said, "the risk [of that] is not high". Cheuk Kai-kai, a member of the Joint ...

    http://www.scmp.com/news/hong-kong/article/1533273/development-chief-paul-chan-says-controversial-new-town-project

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