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  • October 1, 2014
  • Last updated: 12:25pm
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  1. News - Hong Kong - BUDGET

    Experts' views on Tsang’s budget

    Posted Feb 26th 2014, 02:29pm

    ... Q&A with two Hong Kong Baptist University professors Wu Boxiong, associate professor of economics at Hong Kong Baptist University.   Q: What do you make of Tsang’s decision to trim sweeteners by at least 30 per cent from the HK$33 billion doled out last year, and his warning that the city’s more than HK$700 billion financial reserves could dry up due to the ageing population ...

  2. News - Hong Kong - BUDGET

    Government bureaus must cut growth in spending by 1pc for two years

    Posted Aug 02nd 2014, 03:38am by Olga Wong

    ... the city could face a structural deficit in seven years if nothing was done to curb the growth in spending and to cope with the needs of the ageing population. Without action, Hong Kong's ...

  3. News - Hong Kong - BUDGET

    No magic solution to an ageing city's financial problems, John Tsang warns

    Posted Mar 11th 2013, 12:00am by Colleen Lee

    ... population, Financial Secretary John Tsang Chun-wah has warned. Tsang, who defended his budget on RTHK's Letter to Hong Kong , warned that giving out sweeteners as relief measures should not be a permanent feature of the budget. "There is no one 'silver bullet' that will solve all the problems at hand. There is simply no magic solution. An ageing population will impact on all ...

  4. News - Hong Kong - BUDGET

    Call for budget to look ahead and spend more on the young

    Posted Feb 25th 2013, 12:00am by JENNIFER NGO AND DENNIS CHONG

    ... citizens to have children]." Improvements should also be made in the medical sector to cater to the greying population, he said, adding that he frequently worries about the health of his ...

  5. News - Hong Kong - BUDGET

    John Tsang's budget most unpopular in more than a decade: poll

    Posted Feb 27th 2014, 11:19am by Tony Cheung

    ... population. "This government would rather spend its money on bricks instead of the people," the pan-democrat said. But Tsang said infrastructure projects such as hospitals and old people's homes were a way to prepare for an ageing population. The financial secretary apologised to lawmakers- though not for his budget's meagre relief measures, but for his ...

  6. News - Hong Kong - BUDGET

    Profits tax soars 64pc despite government's gloomy forecasts: SCMP research

    Posted Mar 04th 2014, 11:20am by Tanna Chong, Cedric Sam

    ... the discrepancies signalled a need to revamp the tax structure across the board to stabilise government income and help plan for an ageing population and future economic downturns. "The profits tax ...

  7. News - Hong Kong - BUDGET

    Budget increase in Hong Kong's tobacco tax likely to be small

    Posted Feb 22nd 2014, 03:55am by EMILY TSANG AND LO WEI

    ... He believes that such a measure would prompt a tenth of the city's estimated 650,000 smokers to kick the habit in the next two years, reducing the smoking population from 10.7 per cent ...

  8. News - Hong Kong - BUDGET

    It’s time to swallow some bitter pills, John Tsang warns in budget speech

    Posted Feb 26th 2014, 10:52am by Olga Wong, Gary Cheung and Fanny W.Y. Fung

    ... saying he was preparing for an ageing population. I believe the present generation recognises the importance of fiscal prudence: that is, to avoid making today's spending a burden ...

  9. News - Hong Kong - BUDGET

    Exco convenor urges government to scrap mass handouts in budget

    Posted Jan 25th 2014, 04:02am by Gary Cheung

    ... Mandatory Provident Fund accounts, as well as free education for every child for 15 years and a fund for the city's ageing population.   ...

  10. News - Hong Kong - BUDGET

    'Give the middle class tax breaks' urges Taxation Institute

    Posted Jan 22nd 2014, 04:34am by Tony Cheung, JEFFIE LAM

    ... or slip into a structural deficit as spending grew to deal with an ageing population. Meanwhile, Hang Lung Group tycoon Ronnie Chan Chichung yesterday praised Leung's policy speech ...




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