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Results 1 - 4 of 4 for hong kong-zhuhai-macau bridge

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  1. Small-scale budget measures will not provide big stimulus

    Posted Feb 20th 2009, 12:00am by Tom Holland

    ... with Tom Holland Last week, Monitor warned that anyone who expects the government to ride to Hong Kong's economic rescue when Financial Secretary John Tsang Chun-wah presents his ... very well, but data released earlier this week emphasised the magnitude of the challenge facing Hong Kong's economy. Figures published on Tuesday showed the city's unemployment rate ...

  2. Tsang tries to reassure, but the ideas cupboard is bare

    Posted Oct 16th 2008, 12:00am by Tom Holland

    ... devoid of any new policy ideas to tackle the most pressing issue of the day, the painful recession that threatens Hong Kong's economy. Mr Tsang tried hard to be reassuring. He harped ... The first is simply a fire-fighting measure, and in any case was compelled by the introduction of similar guarantees elsewhere. Hong Kong had to offer blanket deposit protection, or risk ...

  3. Don't rely on history as a guide out of the crisis

    Posted Feb 02nd 2009, 12:00am by Tom Holland

    ... December's slump in Hong Kong's exports was the most severe since 2001, in the aftermath of the September 11, terrorist attacks on New York and Washington. The drop in the Korean won over ... on more roads and bridges can yield the same benefits today in an economy plagued by overinvestment and overcapacity is doubtful. Similarly, the lessons of 1997 may be leading Asian governments ...

  4. It will take more than rate cuts to resolve this crisis

    Posted Oct 10th 2008, 12:00am by Tom Holland

    ... with Tom Holland Wednesday's co-ordinated interest rate cut by central banks around the world was a welcome move. But the failure of Hong Kong's banks to reduce their own lending rates despite this week's 1.5 per cent reduction in the Hong Kong Monetary Authority's base rate illustrates just how deep the crisis really is. Unfortunately, it will take a lot more ...



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