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  • August 23, 2014
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  1. Comment - Insight & Opinion

    Is it too much to expect civil servants to serve the public interest?

    Posted Aug 15th 2014, 03:25pm by Stephen Vines

    ... to build four houses on the land. She absented herself from that discussion, having declared an interest. Once all this came to light, the government moved with great haste not only to give Lam ... distinctive stench of conflict of interest? Is there really no shame among senior civil servants who seem to believe that they have a right to profit from their employment in ways that are over ...

    http://www.scmp.com/comment/article/1574170/it-too-much-expect-civil-servants-serve-public-interest
  2. Property - Hong Kong & China

    Strong interest in Tuen Mun residential sites

    Posted Aug 15th 2014, 01:50pm by Sandy Li

    ... Sandy Li sandy.li@scmp.com Strong interest in Tuen Mun residential sites There was strong interest in yesterday's tender sale of two small residential sites in Tuen Mun, with 51 ... site in Lok Chui Street drew 24 bidders. The strong bidding interest came as Hong Kong's secondary home prices continue to hit record highs. The Centa-City Leading Index, created ...

    http://www.scmp.com/business/companies/article/1574166/strong-interest-tuen-mun-residential-sites
  3. Business - Economy

    Bank of Korea cuts benchmark interest rate

    Posted Aug 15th 2014, 01:09am by Reuters

    ... Reuters in Seoul Central bank's shift in policy seen as falling in line with government aim to boost growth Bank of Korea cuts interest rate South Korea's central bank cut the benchmark interest rate for the first time in 15 months yesterday, a dramatic shift from its hawkish policy stance that many analysts see as caving in to government pressure to shore up faltering ...

    http://www.scmp.com/business/economy/article/1573816/bank-korea-cuts-benchmark-interest-rate
  4. News - Hong Kong - COURTS

    Rafael Hui 'too busy' to pay HK$74,000 in interest

    Posted Aug 12th 2014, 05:03am by Stuart Lau

    ... Stuart Lau stuart.lau@scmp.com Ex-chief secretary told SHKP lender his attention was on National Day Hui 'too busy' to pay HK$74,000 in interest Former chief secretary Rafael Hui Si-yan turned down a lender's demand to pay HK$74,000 in overdue interest in 2009, citing his preoccupation with National Day celebrations in Beijing, the High Court heard yesterday. ...

    http://www.scmp.com/news/hong-kong/article/1571568/rafael-hui-too-busy-pay-hk74000-interest
  5. News - World - SCOTLAND

    Currency union 'not in Scotland's interests', says: Alistair Darling

    Posted Aug 11th 2014, 04:49am by Reuters

    ... Reuters in Edinburgh Currency union 'not in Scotland's interests' A formal currency union would not be in the interests of an independent Scotland, the leader ... the Better Together campaign, again ruled out a formal union. "It's quite clear that there's not going to be a currency union. It's not in Scotland's interest, it's ...

    http://www.scmp.com/news/world/article/1570778/currency-union-not-scotlands-interests-says-alistair-darling
  6. Business - Banking & Finance - REGULATION

    Japanese regulators scrutinise risk to banks of future interest rate rise

    Posted Aug 11th 2014, 03:56am by Reuters

    ... spike in interest rates, with a focus on the risks to regional lenders when the central bank eventually ends its massive easing. Japan's 105 regional lenders hold 40.8 trillion yen (HK$3.09 ... but to hold JGBs. While the risks look small now with Japan's economy recovering and interest rates extremely low, the country's financial authorities are not letting down their guard. ...

    http://www.scmp.com/business/banking-finance/article/1570898/japanese-regulators-scrutinise-risk-banks-future-interest
  7. News - Hong Kong - DEVELOPMENT

    Lands officials not restricted from buying land, rule says amid conflict-of-interest row

    Posted Aug 09th 2014, 04:25am by Olga Wong, FANNY FUNG

    ... surveyor. Lam, who oversaw Yuen Long, is embroiled in a conflict-of-interest row for having bought 13 plots of land in the district's Tsing Tam village- just beyond the area being studied ... of interest with official duties", but it does not bar officials from buying land. However, in light of the controversy, former civil service secretary Joseph Wong Wing-ping called for rules ...

    http://www.scmp.com/news/hong-kong/article/1569479/lands-row-puts-rules-under-spotlight
  8. Property - Hong Kong & China - PROPERTY

    Land sale attracts keen interest as developers bank on smaller flats

    Posted Aug 09th 2014, 04:11am by Yvonne Liu

    ... interest The tender for two residential sites in the New Territories received an overwhelming response yesterday, a fresh sign of confidence among developers that demand for smaller flats will stay ... Wan site because it allows for an office development. "But developers' interest in the New Territories is limited to mass residential sites only. The demand for flats ranging in size ...

    http://www.scmp.com/property/hong-kong-china/article/1569594/land-sale-attracts-keen-interest-developers-bank-smaller
  9. News - Hong Kong - DEVELOPMENT

    Declaration of interest row after Lands Department official bought 13 plots

    Posted Aug 07th 2014, 04:25am by FANNY FUNG, Olga Wong

    ... official's property deal The Lands Department will review its declaration-of-interest procedures after it was revealed a senior official overseeing Yuen Long had bought 13 plots of land ... and planning director Ling Kar-kan is chairman, approved the application on July 25. Lam had declared her interests and was excused from the discussion during the meeting. But committee member David ...

    http://www.scmp.com/news/hong-kong/article/1567858/row-over-officials-property-deal
  10. Business - Banking & Finance

    ECB keeps interest rates at record-low as Ukraine casts cloud over Europe

    Posted Aug 08th 2014, 04:28am by Reuters

    ... Reuters in Frankfurt and London As conflict in Ukraine threatens to hit, central bank leaves borrowing costs unchanged ECB keeps key interest rate at record low The European Central Bank ... expected by economists. "ECB interest rates will remain at the current level for an extended period of time," ECB president Mario Draghi said at his post-meeting news conference. ...

    http://www.scmp.com/business/banking-finance/article/1568632/ecb-keeps-interest-rates-record-low-ukraine-casts-cloud

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