Macau's fixed-line telephone monopoly ends with new licences

Macau's 32-year-old fixed-line telephony monopoly ended yesterday when the government issued two new service licences.

Companhia de Telecomunicações de Macau (CTM), the existing service provider, and MTel Telecommunication, a new player, each received a licence. MTel said it and mainland phone equipment maker ZTE would invest about one billion patacas in infrastructure and the opening of new retail outlets.

Tuesday, 4 June, 2013, 3:57am

Wholesale price for marbled beef rises 4.5pc

The cost of enjoying a hearty hotpot will rise. Photo: Warton Li

Diners may have to dig deeper into their pockets if they want to tuck into quality beef as the territory's sole fresh beef distributor, Ng Fung Hong, yesterday announced a 4.5 per cent increase in the wholesale price of marbled beef.

6 May 2013 - 5:00am

Letters to the Editor, April 24, 2013

Makeshift memorial near site of the bombings. Photo: AFP

I write as a former member of the Legislative Council. Throughout the history of Hong Kong, there has never been a level playing field.

24 Apr 2013 - 3:14am

Monopoly to go in bid to boost Myanmar's telecommunications

Myanmar's President Thein Sein. Photo: Reuters

Myanmar, where telephones are in the hands of just 7 per cent of the population, will end the monopoly of its state-owned telecommunications company in June, offering two licences to outsiders.

8 Apr 2013 - 4:04am

Letters to the Editor, March 4, 2013

Retail rents are high at The Link's malls. Photo: K. Y. Cheng

Michael Chugani in his column has painted a gloomy economic outlook for Hong Kong and his vivid description reminded me of the film Les Miserables and Mencius. When greed reigns, it suffocates sustained economic growth. The birth rate and demographic profile will be deformed and, therefore, in the long run the population pyramid is not healthy.

4 Mar 2013 - 3:27am 1 comment

Letters to the Editor, February 21, 2013

A vendor objects to high rent rises. Photo: David Wong

Without a law to protect homosexuals from discrimination, it is believed this minority group will suffer emotionally, especially in the workplace.

21 Feb 2013 - 5:46am 2 comments

Chinese distillers fined 449m yuan for price-fixing

The price of Kweichow Moutai's baijiu jumped 20 per cent last year. Photo: Imaginechina/Corbis

The two firms admitted on their official websites earlier that they had violated antimonopoly laws by charging penalties to distributors who sold their baijiu alcohol products at lower prices than the producers had required.

20 Feb 2013 - 5:24am

Beef market monopoly could be relaxed: Ko Wing-man

Dr Ko Wing-man. Photo: Edward Wong

The food and health chief says he remains receptive to opening up the live cattle market, amid the on-going surge in beef prices.

Speaking on the radio, Secretary for Food and Health Dr Ko Wing-man said various factors could have sparked the spike in prices, such as a limited supply of beef in the mainland which has driven up costs across the board.

5 Feb 2013 - 5:50am 2 comments

Supply of mainland meat comes under probe

Ko Wing-man, Secretary for Food and Health. Photo:Dickson Lee

An investigation into the supply of meat from the mainland is under way in an attempt to break a monopoly on wholesale beef, with a result expected in three months, the health minister said yesterday.

6 Jan 2013 - 4:06am

China Mobile muscles Tencent into revenue sharing talks

A billboard of Tencent's popular mobile instant messaging service WeChat, better known by its Chinese name Weixin, in Hong Kong. Photo: Thomas Yau

Just a few weeks after China Mobile complained that Tencent was stealing its text messaging business, we're getting word that the two companies may have started talks for a revenue sharing agreement to resolve the dispute.

2 Jan 2013 - 9:38am

Calls to break monopoly of wholesale beef supplier Ng Fung Hong

The wholesale price of beef has risen 40 per cent from July to December.

Meat retailers have called on the government to break Ng Fung Hong's monopoly of wholesale beef, as they expect a quarter of the 500 players in the business to go bust after the Lunar New Year as a result of rising prices.

1 Jan 2013 - 4:20am

Letters to the Editor, December 28, 2012

A more suitable tenant is needed. Photo: Jonathan Wong

Seeking relief from the beef monopoly

I strongly agree with those who argue that that the government should open up the fresh beef market to competition ("Inquiry into monopoly's effect on beef prices", December 17).

The present arrangement affects all Hong Kong citizens and beef retailers.

28 Dec 2012 - 1:36am

Government to study Ng Fung Hong monopoly's effect on beef prices

Beef retailers protests outside Central Government Offices at Admiralty, before meeting Secretary for Food and Health Dr Ko Wing-man. Photo: Sam Tsang

The government said yesterday it would investigate whether to open up to competition the supply of fresh beef from the mainland to slow soaring prices.

17 Dec 2012 - 5:53am

Hong Kong should have a beef with its dodgy meat monopoly

Ng Fung Hong, the monopoly meat importer of Hong Kong.

I am grateful to the reader who drew my attention to the letter in Monday's edition of the South China Morning Post headed "HK's economy benefits from beef monopoly".

The letter defended Hong Kong's monopoly importer of mainland beef cattle, Ng Fung Hong, a subsidiary of China Resources Enterprise.

30 Nov 2012 - 2:53am 2 comments

It is hard to give up all the joy that a monopoly brings

Hu Jintao has called for a wider distribution of the wealth generated by state-owned businesses.

Political bickering nowadays in China is all about interest, not about ideology. No interest can be more tangible than money. So don't be surprised to see a conservative-dominated leadership this week.

By conservative, I am not referring to the political left but agents of the political seniors who have benefited a lot from the existing system.

8 May 2015 - 9:46am 4 comments