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  1. Tsang's budget flip-flop turns economic wisdom on its head

    Posted Mar 04th 2011, 12:00am by Tom Holland

    ... with Tom Holland John Tsang surely deserves a Nobel prize. Our visionary financial secretary has turned accepted economic theory on its head to come up with a whole new way of fighting ... with a will. The only fly in Hong Kong's economic ointment is rising prices. Inflation in January was running at 3.6 per cent, the fastest rate in almost two and a half years. And we can ...

  2. Politics and economics to collide in today's budget

    Posted Feb 23rd 2011, 12:00am by Tom Holland

    ... with Tom Holland Politics will collide head-on with economics today when Financial Secretary John Tsang Chun-wah gets up to deliver his 2011 budget speech. Tsang's problem is that he is under intense political pressure to come up with a generous package of budget giveaways, while economic common sense dictates that the government should be tightening its fiscal stance. ...

  3. Reward public doctors to halt exodus, pioneer says

    Posted Jan 18th 2011, 12:00am by Ella Lee

    ... Ella Lee A brain drain of surgeons is affecting the quality of care of public medicine in Hong Kong, says the city's father of liver transplants. To keep more doctors from leaving, Professor Fan Sheung-tat proposes that public doctors be allowed to make extra money by treating private patients. At the University of Hong Kong, for which Fan is head of surgery for Queen Mary ...

  4. Public money? There're strings attached

    Posted Dec 06th 2011, 12:00am

    ... Exchange Fund's HK$2.3 trillion in foreign assets, there is HK$1.3 trillion of accumulated fiscal surpluses and investment gains. That's unencumbered money, public treasure ... entirely of backing for the currency, obligations to commercial banks and obligations to bondholders. There is almost no unencumbered public money in there at all. Everything has strings attached. ...

  5. You're confused, Norman, trillion-dollar hoard is for the city, not its banks

    Posted Feb 20th 2011, 12:00am by Jake Van Der Kamp

    ... with Jake van der Kamp Even though we cannot be too precise in quantifying in advance the amount of resources we need, we can certainly shore up our defence capability and resilience in good times. Norman Chan Tak-lam Chief executive, Hong Kong Monetary A ...

  6. Public opinion sought on capital adequacy rules

    Posted Aug 17th 2011, 12:00am

    ... The rules are now open for public review and will take effect from next year. Major banks must meet the new requirements by the end of 2013 and other lenders by the end of 2016. The weighted-average ...

  7. Public lukewarm on IPOs in market full of sell-offs

    Posted Sep 28th 2011, 12:00am

    ... Group Holdings, which has been selling new shares to fund expansion on the mainland, got just 523 valid applications from the public for its offering. The company, which makes casual footwear for men, priced its initial public offering at HK$1.20 a share- the bottom of the range- to raise a total of HK$337.4 million, according to a stock exchange statement issued yesterday. The public ...

  8. Tang entices with economic carrots

    Posted Dec 20th 2011, 12:00am

    ... Gary Cheung, Colleen Lee and Tanna Chong Henry Tang Ying-yen, known for his close ties with big business, sought to entice middle- and lower-income Hongkongers with economic carrots ... more public rental flats and setting the stage for achieving universal suffrage. Tang said he would set up a special committee, chaired by the chief secretary, to ease pressures on the middle ...

  9. Tang vows to provide a greater economic lead

    Posted Dec 10th 2011, 12:00am

    ... Chow Chung-yan and Olga Wong Henry Tang Ying-yen says he is ready to modify the city's treasured laissez-faire economic principles and adopt a more proactive approach if he is made ... behind Leung Chun-ying in popularity ratings, also promised reforms to improve residents' livelihoods and strengthen Hong Kong's economic fundamentals. However, he said his government ...

  10. Public Eye

    Posted Apr 06th 2011, 12:00am

    ... with Michael Chugani mickchug@gmail.com HK a slave to wage injustice Is Hong Kong's fabled wealth, all those glitzy malls, upscale eateries and dizzying property prices all built on slave labour? Don't be silly, you say? Then why are bosses trea ...




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