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  1. Business - Economy - THE VIEW

    Cash subsidies go only so far in reducing poverty in Hong Kong

    Posted Jul 22nd 2014, 11:22am by Richard Wong

    ... Richard Wong The plight of the poor in Hong Kong needs to be addressed, but we must recognise that cash subsidies only go so far in alleviating the problem Poverty track Tackling poverty ... and enhance the capacity of the poor to become productive. Second is how to tackle the direct consequences of poverty. A poor person can only afford a low level of consumption. Giving him or her ...

    http://www.scmp.com/business/economy/article/1557146/cash-subsidies-go-only-so-far-reducing-poverty
  2. Business - Comment - MONITOR

    How to eradicate poverty - at least by the official definition

    Posted Oct 03rd 2013, 12:00am by Tom Holland

    ... Tom Holland Government's definition of who is poor in relative terms is puzzling but shows its concern over city's inequality, which has grown enormously How to eradicate poverty - at least by the official definition At the weekend, the Hong Kong government rolled out its latest big idea: an official poverty line. In its wisdom, the government decreed that anyone earning less ...

    http://www.scmp.com/business/article/1323068/how-eradicate-poverty-least-official-definition
  3. Business - Economy - ECONOMY

    World Bank chief backs launch of BRICS bank

    Posted Jul 09th 2014, 05:20am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com World Bank chief says new entrants will help the multilateral lender battle poverty and spur growth rather than threaten its position Kim ... institution and would instead help it fight poverty and spur economic growth. The world's five key emerging nations of Brazil, Russia, India, China and South Africa have proposed the launch ...

    http://www.scmp.com/business/economy/article/1549975/world-bank-chief-backs-launch-brics-bank
  4. Business - Banking & Finance - FINANCE

    Chinaleaks: Hong Kong anti-poverty duo 'failed to declare ties to tax haven'

    Posted Jan 23rd 2014, 12:01am by Tanna Chong

    ... Tanna Chong tanna.chong@scmp.com Leaked papers reveal tycoon and union leader, who sit on commission to help poor, have links to companies in secretive British Virgin Islands Anti-poverty duo failed to declare ties to tax haven Two members of the government's Commission on Poverty failed to declare ties to companies registered in the secretive tax haven of the British ...

    http://www.scmp.com/business/banking-finance/article/1411334/tycoon-union-leader-failed-declare-ties-tax-haven-leaked
  5. Business - China Business - REGIONAL DEVELOPMENT

    Beijing-Hebei-Tianjin integration to challenge local leaders' power

    Posted Jul 23rd 2014, 11:35am by Reuters

    ... one’s own conditions, the comparative advantages are wasted.” That there are so many poverty-stricken people on the outskirts of such big cities is outrageous – the surrounding regions of big ... poverty-stricken people on the outskirts of such big cities is outrageous – the surrounding regions of big cities are normally highly developed,” he said at a conference in the steel-making city ...

    http://www.scmp.com/business/china-business/article/1557443/beijing-hebei-tianjin-integration-challenge-local-leaders
  6. Business - Comment - JAKE'S VIEW

    Housing Authority must raise public housing rents or run out of money

    Posted Jul 08th 2014, 12:45am by Jake Van Der Kamp

    ... by 2017-18. SCMP City What an irony that a government corporation set up to help the poor should draw a poverty line at HK$28.2 billion. But while it still has about HK$68 billion in liquid assets ... of HK$1,200. These rents can go much higher. And the tenants will have little cause to plead poverty. As the second chart shows, wages have risen quite notably over the last seven years while public ...

    http://www.scmp.com/business/article/1549258/housing-authority-must-raise-public-housing-rents-or-run-out-money
  7. Business - Economy - US ECONOMY

    IMF cuts US growth forecast to 2pc

    Posted Jun 17th 2014, 09:36am by AFP

    ... and the fact that some 50 million Americans still live in poverty. "There is no single measure that is going to deal with all those issues," she said. "The US should invest in its future ... The IMF said nearly 50 million Americans still live in poverty, and that the principal way government policy could help would be to return to stronger growth and job creation. But it added ...

    http://www.scmp.com/business/economy/article/1534514/imf-cuts-us-growth-forecast-2pc
  8. Business - Economy - THE VIEW

    Hong Kong's public housing policy a homewrecker for poor couples

    Posted Jul 01st 2014, 11:15am by Richard Wong

    ... social mobility as more children grow up in divorced households in the public estates. Our current public rental housing programme is helping to reproduce poverty across generations against ...

    http://www.scmp.com/business/economy/article/1544154/housing-policy-heartache
  9. Business - Banking & Finance - FINANCE

    Offshore tax havens like Hong Kong contribute to poverty, says ActionAid

    Posted May 14th 2013, 12:00am by Toh Han Shih

    ... to poverty' The widespread use of offshore tax havens such as Hong Kong by nearly all 100 of the largest British-listed companies, including HSBC and Standard Chartered, may contribute to world poverty and raise the risk of tax evasion, says British charity ActionAid. It found 36 per cent of HSBC's 1,527 subsidiaries are based in tax havens, including 91 HSBC subsidiaries in Hong ...

    http://www.scmp.com/business/banking-finance/article/1237109/offshore-tax-havens-hong-kong-contribute-poverty-says
  10. Business - Economy - ANALYSIS

    Clerical error stymies push to end Philippine poverty

    Posted Mar 27th 2013, 12:00am by Bloomberg

    ... William Pesek Catholic Church opposition to contraception is a barrier to higher living standards in the country Clerical error stymies push to end Philippine poverty Philippine President Benigno Aquino faces a huge roadblock in his push to end the poverty weighing on his 106 million people: the Catholic Church. I was in the predominantly Catholic nation earlier this month when ...

    http://www.scmp.com/business/economy/article/1200536/clerical-error-stymies-push-end-philippine-poverty

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