Market Failure

Setting prices too low

The snack chain store 759 Oshin House, which sells goods at low prices, is widely seen as a socially responsible enterprise combating business monopolies.

Tuesday, 10 April, 2012, 12:00am

New rules tackle price-fixing monopolies

The nation's top economic planning agency announced new regulations yesterday targeting price-fixing by monopolies in a further bid to curb soaring prices and promote fair competition.

The new rules define a price monopoly and set out administrative procedures for dealing with them. They are meant to supplement the country's first anti-monopoly law, launched two years ago.

5 Jan 2011 - 12:00am

State officials taking someone for costly and high-speed ride

When questioned about the commercial viability of high-speed railways to less developed and populated regions ... a senior railway official replied that it would generate economic and social benefits beyond returns to shareholders.

Such indirect gains should be included in the list of benefits to entice private and foreign investors.

SCMP, August 9

10 Aug 2010 - 12:00am

The road not taken

All eyes are now on the forthcoming five-district resignation plan by some pan-democrat legislators, following the Democratic Party's decision to reject the proposal for its members to take part. The outcome of the subsequent by-elections will probably shed more light on the shift of sentiment among supporters of democracy than on the divide between the opposition and the establishment.

15 Dec 2009 - 12:00am

Prevent the formation of monopolies

The central government recently blocked an acquisition by Coca-Cola of the mainland's leading juice maker Huiyuan in order to prevent the formation of a monopoly.

17 Jun 2009 - 12:00am

What's special about bankers, bar their greed?

The US$165 million in bonuses American International Group has earmarked for some of its employees has, understandably, brought outrage across the United States and incomprehension around the world. What is even more absurd is that the money is being paid to staff of a derivatives unit which, almost single-handedly, brought AIG to its knees.

18 Mar 2009 - 12:00am

Value of scarce resources

Money can help the planet in different ways. Money gives value to things.

If, for example, rice was free, people would tend to pay less attention to it, possibly leading to huge wastage.

20 Oct 2008 - 12:00am

Key problem blocking move to free-market economy not tackled

Analysts say fundamental questions remain unanswered about the Anti-monopoly Law approved yesterday.

31 Aug 2007 - 12:00am

Monopoly law moves step closer to reality

The National People's Congress Standing Committee has started the first reading of the controversial Anti-Monopoly Law which took 12 years to draft and sparked fears among foreign investors about access to the mainland market.

26 Jun 2006 - 12:00am

In praise of ambiguity

It is often very useful to appear non-committal, and thus keep one's options open. This applies to everyday commerce and office politics, to government policy and even international politics.

20 Apr 2006 - 12:00am

Tough call for monopolies

IT has been a bad week for Cable & Wireless HKT. Protests have continued against the announcement it will increase line rentals by 31 per cent.

Political parties demonstrated outside the company's Quarry Bay office. One group even called on customers to delay paying their phone bills in protest.

15 Aug 1999 - 12:00am

Strong and effective government monitoring

I would like to comment on Richard Hardy's letter headlined, 'Companies' 'green' levy is unjustifiable' (South China Morning Post, December 2).

28 Dec 1998 - 12:00am

Allow commuters the benefit of competition

However you get to work, chances are the Government will have a big say in your journey. Whether it's down the escalator, on the buses or in a hard-to-find morning taxi you're sure to run into state regulation.

Few other transport systems in major world cities are as efficient, reasonably priced and, oddly, for this free market paragon, as tightly controlled by the Government.

3 Jun 1997 - 12:00am

Natural market monopoly no longer exists

Should Hongkong Telecom (HKT) be compensated for the loss of its monopoly of international telephone calls? I disagree with David Ibison's answer that HKT must be compensated simply because its right to monopolise international calls is enshrined in law, which must not be violated to hurt business confidence (Business Post, June 14).

19 Jul 1996 - 12:00am

Fearing monopoly

THE consultation paper on legal services, issued by the Attorney-General omitted to address the problem as to how the Government could avoid a monopoly situation when due to reduction of fees, the smaller law firms would have to close down, resulting in only a few big law firms being left in Hong Kong.

27 Jul 1995 - 12:00am