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  1. Business - Comment - MONITOR

    Tsang's vision of Hong Kong's future is severely out of focus

    Posted Feb 27th 2014, 01:23am by Tom Holland

    ... Tom Holland Instead of building mega-projects that serve no purpose, the government should spend money where it is needed: education, health and welfare Tsang's vision of Hong Kong's future is severely out of focus In his budget speech yesterday, John Tsang Chun-wah did his best to scare us. If Hong Kong continues on its current trajectory, steadily improving ...

    http://www.scmp.com/business/article/1435878/tsangs-vision-hong-kongs-future-severely-out-focus
  2. Business - Comment - MONITOR

    Fiscal report based on lunatic projection of capital spending

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

    ... this year to 7.2 per cent in 2041. There’s a limit to how many roads, bridges and tunnels Hong Kong needs In 2013 dollars, that means government spending on infrastructure will rise from HK$72 ... There's a limit to how many roads, bridges and tunnels Hong Kong needs. If you don't believe that, just look at Stonecutters Bridge, a HK$3.6 billion engineering marvel which carries next ...

    http://www.scmp.com/business/article/1439605/fiscal-report-based-lunatic-projection-capital-spending
  3. Business - Comment - MONITOR

    Who's more damaging, Hong Kong officials or Occupy Central?

    Posted Feb 25th 2014, 12:32am by Tom Holland

    ... or Occupy Central? Among the grievances aired at Hong Kong's weekend protest against media censorship were complaints that editors have been leaning on local journalists to stress the supposed ... of Occupy have been warning for months now that the movement will cause economic havoc in Hong Kong. However, on examination their criticisms of Occupy are vacuous. If people are concerned about ...

    http://www.scmp.com/business/article/1434352/whos-more-damaging-hong-kong-officials-or-occupy-central
  4. Business - Comment - MONITOR

    Neither Singapore nor Hong Kong is an Iceland waiting to happen

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

    ... that Singapore is heading for a similar smash. But it gets worse. "Everything Forbes said about Singapore, you could just as well say about Hong Kong," says our reader, a financier who has ... the meltdown. Clearly Forbes believes something similarly catastrophic may now be about to happen in Singapore. Yet if Singapore has reason to be concerned, Hong Kong should be really worried. Where ...

    http://www.scmp.com/business/article/1427348/neither-singapore-nor-hong-kong-iceland-waiting-happen
  5. Business - Comment - MONITOR

    Even Hong Kong's best efforts may not help to clear our air

    Posted Feb 12th 2014, 12:46am by Tom Holland

    ... Tom Holland City's anti-pollution campaign will not end problem as long as the mainland continues to burn coal to satisfy its power demand Even Hong Kong's best efforts may not help to clear our air Christine Loh Kung-wai, Hong Kong's campaigning Under Secretary for the Environment, has promised us that she will deliver "drastic improvements" ...

    http://www.scmp.com/business/article/1426234/even-hong-kongs-best-efforts-may-not-help-clear-our-air
  6. Business - Comment - MONITOR

    With fewer grand projects, Hong Kong can afford its health care bills

    Posted Sep 02nd 2013, 12:00am by Tom Holland

    ... infrastructure in the future. So it's hard not to conclude that with a little less spending on new bridges and railways, and rather more on medical expenses, Hong Kong's government should have ... Rather, he wants to burst what he believes is a trial balloon being floated by the Hong Kong government for the introduction of a goods and services tax. Let's see if we can deliver a little ...

    http://www.scmp.com/business/article/1301355/fewer-grand-projects-hong-kong-can-afford-its-health-care-bills
  7. Business - Comment - MONITOR

    Hong Kong government must change the way it taxes property

    Posted Aug 15th 2013, 12:00am by Tom Holland

    ... budget speech earlier this year, Financial Secretary John Tsang Chun-wah painted a grim picture of Hong Kong's economic future, and of the outlook for the government's finances. ... concluded that Tsang was paving the way for another government attempt to impose a goods and services tax on the city. But there are far better ways to retool Hong Kong's revenue regime to meet ...

    http://www.scmp.com/business/article/1296772/hong-kong-government-must-change-way-it-taxes-property
  8. Business - Comment - MONITOR

    Hong Kong's wealth fund is doing a lousy job investing our money

    Posted Jan 24th 2014, 02:13am by Tom Holland

    ... is doing a lousy job investing our money You may not know about it, but Hong Kong has a sovereign wealth fund. It's called the Exchange Fund. It manages assets of HK$3 trillion, and its investment performance is abysmal. Yesterday the Hong Kong Monetary Authority announced the Exchange Fund's results for 2013. It managed a return of just 2.7 per cent. When you consider ...

    http://www.scmp.com/business/article/1412068/hong-kongs-wealth-fund-doing-lousy-job-investing-our-money
  9. Business - Comment - MONITOR

    To think clearly, our officials should stand on their heads

    Posted Jan 20th 2014, 12:15am by Tom Holland

    ... should stand on their heads Hong Kong's government officials and their advisers have problems with thinking. Like the antiquated trams that trundle through the streets of Hong Kong island, ... down its fiscal reserves, Hong Kong can care for its elderly without raising taxes. Last Friday, we got another illustration of the rigidity of official thinking, when one of Tsang's ...

    http://www.scmp.com/business/article/1409195/think-clearly-our-officials-should-stand-their-heads
  10. Business - Comment - MONITOR

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

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

    ... Chee-hwa was still the chief executive of Hong Kong's government, and the city was struggling to emerge from a six-year-long deflationary slump. Property prices were down by half from ... average. Within weeks the hapless Tung had stepped down, and today, two chiefs later, those hard times seem a distant memory. In the years since, Hong Kong's economy has grown by more than 40 ...

    http://www.scmp.com/business/article/1441327/after-nine-years-its-time-leave-stage

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