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  • September 17, 2014
  • Last updated: 11:13am
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  1. Big business falls HK$3.2b short of charity target

    Posted Dec 10th 2011, 12:00am

    ... of the target set by Tsang when he unveiled the HK$10 billion project- half of it to be met by donations from the business community- in his penultimate policy address in October last year. Tsang said ... committing their money. 'I am not too worried that the shortfall in business donations will affect the fund's operation. We still have money in the bank.' Private donations and pledges ...

  2. Why social enterprises must really mean business

    Posted Dec 28th 2010, 12:00am by Lana Lam

    ... million for social enterprises five years ago, more than 300 have started up in the city. But building a sustainable business that benefits the disadvantaged does not happen overnight and should not be confused with charity. 'A social enterprise is a business and a charity is a charity,' said Howard Ling, senior manager of the Hong Kong Council of Social Service's social enterprise ...

  3. Local insurers seek exemption from US tax law

    Posted Jul 09th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Hong Kong insurers are the latest to oppose a proposed US tax law, and are seeking waivers to protect nine million local policies that could be affected by it. The US Foreign Account Tax Compliance Act (FATCA), which will take effect from January, aims to prevent wealthy Americans from avoiding tax by requiring companies and banks to provide more detail ...

  4. Rights fight can be risky business for farmers

    Posted Oct 03rd 2008, 12:00am by Minnie Chan

    ... Minnie Chan For Shao Xiguang in Foshan, Guangdong, standing up for his right to own land can be a risky business. 'The central government has done much to protect our rights ... properly. Thousands of police were sent in to take over the land and get rid of the crops over the villagers' objections. 'We just want the local government to pay us 49,200 yuan ...

  5. Threat to MPF and Asian funds from US law

    Posted May 28th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Some of the 2.5 million Hong Kong employees covered by the Mandatory Provident Fund (MPF) may be in for a nasty shock when a new US tax law comes into effect next year. The US Foreign Account Tax Compliance Act (FATCA), to be implemented from January, aims to prevent wealthy Americans from avoiding tax by requiring companies and banks to provide ...

  6. Busy HK children get no time to play

    Posted May 28th 2006, 12:00am by Staff Reporter

    ... examples, the olive macaques, are quietly and surreptitiously being eradicated like vermin. Many of us will miss the monkeys if the government decides they are dangerous and must be exterminated. They are not dangerous at all if visitors to the parks behave responsibly. Please, Agriculture, Fisheries and Conservation Department, spare these beautiful animals so that those of us who love them can visit ...

  7. The unfinished business of Sars: insurance

    Posted Dec 26th 2003, 12:00am by Staff Reporter

    ... following the September 11, 2001, attacks in the US. Eventual adjustment to that new reality was attained through a combination of new statistical models for the insurance industry, adoption ... for lack of insurance coverage, the government stepped in to guarantee coverage of $62 billion. In the US, the government passed a law allowing it to act as the reinsurer of last resort ...

  8. Assurance on poverty fight as chief talks business

    Posted Jun 02nd 2007, 12:00am by Celine Sun, Colleen Lee

    ... will continue with the task.' At a symposium on social enterprises, the chief executive described them as a key initiative for tackling poverty. Mr Tsang said a social enterprise was a business with primarily social objectives, most of whose profits were reinvested in the business or invested in the community in pursuance of those objectives. It was not driven by the need to maximise profit ...

  9. Administration must tell us why it so badly wants to sell Government Hill

    Posted Jan 06th 2012, 12:00am

    ... space. The government has several sites not of historic interest in the central business district that could be redeveloped. Nor does it need the money, as has been proved by the gift of HK$6,000 ... landlords. The business sector is not particularly interested in the proposed single block. It wants a new business district in Kai Tak. It is not the need to eradicate any vestige of a colonial ...

  10. Figures back us on wage floor, unionists say

    Posted Apr 28th 2010, 12:00am by Martin Wong

    ... Poon said unionists were disappointed at a rate of HK$24 an hour proposed by the Liberal Party and many business groups. 'From census figures, we estimated that the profit to various businesses offering low-income jobs will merely be decreased by 1.4 per cent if the minimum is set at HK$33.' He said opponents kept warning that many businesses could not afford this and would ...




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