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  • July 23, 2014
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  1. 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

    ... 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 Fund, set up 70 years ago. But many also see the new bank as an attempt by China to challenge what it views as a US-led system. Professor Stephany Griffith-Jones, an economist at the Initiative ...

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

    Xi Jinping hails 'new horizons' for China and Argentina on visit to Buenos Aires

    Posted Jul 20th 2014, 06:13am by Reuters

    ... operation between the central banks of Argentina and China that would let the Latin American country pay for Chinese imports with renminbi. Additional reporting by Staff Reporter ...

    http://www.scmp.com/news/china/article/1556670/xi-jinping-hails-new-horizons-china-and-argentina-visit-buenos-aires
  3. News - Hong Kong - DEVELOPMENT

    West Kowloon arts hub operational plan for venues revealed

    Posted May 28th 2014, 04:19am by Vivienne Chow

    ... Vivienne Chow vivienne.chow@scmp.com Groups to be engaged as either resident or associate partners to guide programmes Curtain up on operation plan for arts hub venues An artistic framework for the direction and operation of performing arts facilities at the West Kowloon arts hub is being developed ahead of the opening of the first venues from 2016. Executive director ...

    http://www.scmp.com/news/hong-kong/article/1520096/west-kowloon-arts-hub-operational-plan-venues-revealed
  4. News - Hong Kong - DEVELOPMENT

    New towns plan: hearing could last 2.5 years

    Posted Jul 04th 2014, 04:03am by Olga Wong

    ... It won't do any good for Hong Kong people in future." Board member Patrick Lau Hing-tat said the board's operation should be overhauled in the long run. He said decision-making could ... of local communities and reduce confrontation between the public and the government. "It can also avoid filibusters paralysing the board's operations," he said. Former board member ...

    http://www.scmp.com/news/hong-kong/article/1545997/new-towns-plan-hearing-could-last-25-years
  5. News - Hong Kong - DEVELOPMENT

    Speed of construction is draw of the mainland for Hong Kong architects

    Posted Jul 03rd 2014, 03:26am by SHIRLEY ZHAO

    ... complex legal system and set procedures for processing building projects may enable everyone affected by a project to voice their opinion, but they also slow things down. "There are so many ... to be involved in construction projects on the mainland, where building is not hampered by such an extensive regulatory system. "There are times when I feel I'm not doing things in a realistic ...

    http://www.scmp.com/news/hong-kong/article/1545080/speed-construction-draw-mainland-hong-kong-architects
  6. Property - Hong Kong & China - DEVELOPMENT

    Business park developer sets 4b yuan floor area target

    Posted Jun 25th 2014, 01:30am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Business park builder sets 4b yuan floor area target Wuhan-based Optics Valley Union Holding, the mainland's second-largest commercial business park developer and operator in terms of area, is to spend nearly four billion yuan (HK$4.98 billion) this year to double the amount of gross floor area completed last year. Of the capital outlay, ...

    http://www.scmp.com/property/hong-kong-china/article/1539679/business-park-developer-sets-4b-yuan-floor-area-target
  7. News - Hong Kong - DEVELOPMENT

    No U-turn on Kowloon Cultural District basement plans despite spiralling HK$23b cost

    Posted May 28th 2014, 04:48pm by Vivienne Chow

    ... Vivienne Chow vivienne.chow@scmp.com Government makes it clear underground road system to keep arts hub free of traffic must stay as it is- or else it's back to square one No U-turns ... Cheng Yuet-ngor made it clear that the underground road system would be retained as she disclosed that the knock-on effect on the arts hub of the delay in building the cross-border high-speed ...

    http://www.scmp.com/news/hong-kong/article/1520371/arts-hub-changes-not-possible-despite-growing-costs-says-carrie-lam
  8. News - Hong Kong - DEVELOPMENT

    Bids invited to operate schools at five sites

    Posted Apr 01st 2014, 04:03am by NG KANG-CHUNG

    ... Ng Kang-chung kc.ng@scmp.com Vacant centres and greenfield sites offered for use of non-profit international schools Bids invited to operate schools at five sites Two vacant schools ... undeveloped sites are in Tseung Kwan O and Tai Po. They are open to applications from non-profit-making international school operators in Hong Kong over the next two months. The deadline for bids ...

    http://www.scmp.com/news/hong-kong/article/1462073/bids-invited-operate-schools-five-sites
  9. News - Hong Kong - DEVELOPMENT

    Hong Kong facing shortage of 10,000 construction workers- and MTR is suffering

    Posted May 27th 2014, 01:32pm

    ... Phila Siu phila.siu@scmp.com As mega projects put strain on available manpower, MTR is among companies feeling the pinch City needs 10,000 more labourers The race is on for developers and contractors to find 10,000 construction workers that Hong Kong needs in the next four years- and the delay-plagued MTR is already feeling the pinch. The rail operator says it needs 18,000 workers ...

    http://www.scmp.com/news/hong-kong/article/1519855/hong-kong-facing-shortage-10000-construction-workers
  10. News - Hong Kong - DEVELOPMENT

    60-metre-high Ferris wheel to open in September at HK$100 per trip

    Posted May 17th 2014, 04:02am by AMY NIP AND SUZANNE VAN DER ERF

    ... Amy Nip and Suzanne van der Erf Operators finally outline schedule for launch at Central ferry piers site Wheel to open in September at HK$100 a trip People willing to part with HK$100 will be able to view Victoria Harbour from 60 metres in the air from this autumn. Operators of the Ferris wheel billed as Hong Kong's answer to the London Eye say they plan a soft opening ...

    http://www.scmp.com/news/hong-kong/article/1513895/hong-kong-ferris-wheel-open-september-hk100-trip

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