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- Albert Wong says such an exchange would lure ‘world-renowned tech talents, firms and institutes’ to the city
- Concerns over privacy and security are obstacles for implementing the exchange in Hong Kong
Education funding is among a host of initiatives to boost the city’s innovation and technology sector – and its dream of becoming a global tech hub.
Education funding is among a host of initiatives to boost the city’s innovation and technology sector – and its dream of becoming a global tech hub.
Proof of address no longer needed after concerns some residents would not be able to provide it.
Proof of address no longer needed after concerns some residents would not be able to provide it.
Acting chief executive Matthew Cheung responds to concerns some of those eligible for HK$4,000 will struggle to get it, as not all have proof of address.
Acting chief executive Matthew Cheung responds to concerns some of those eligible for HK$4,000 will struggle to get it, as not all have proof of address.
The raising of the minimum age for elderly social security payments was not unjustified at a time when Hong Kong people are living longer, but the finger-pointing that followed was
The raising of the minimum age for elderly social security payments was not unjustified at a time when Hong Kong people are living longer, but the finger-pointing that followed was
The killing of a chronically ill companion by an 81-year-old man brings home the misery of those suffering in poverty.
The killing of a chronically ill companion by an 81-year-old man brings home the misery of those suffering in poverty.
Raising the threshold for payments to the elderly may not prompt mass protests, but in a city where many live in poverty a strong safety net must not be compromised
Raising the threshold for payments to the elderly may not prompt mass protests, but in a city where many live in poverty a strong safety net must not be compromised
The qualifying age for the old-age benefit is being raised to 65, meaning those aged between 60 and 64 will receive close to a third less in financial support
The qualifying age for the old-age benefit is being raised to 65, meaning those aged between 60 and 64 will receive close to a third less in financial support
Arts groups, youth centres, community recycling centres or animal rights groups will all be eligible to apply for the funding
Arts groups, youth centres, community recycling centres or animal rights groups will all be eligible to apply for the funding
Unions are holding out for a 5 per cent increase across the board at a time when those in the private sector can expect far less through rises based on performance
Unions are holding out for a 5 per cent increase across the board at a time when those in the private sector can expect far less through rises based on performance
The government considered factors such as economic outlook, other industries and the city’s coffers, but workers’ groups say public sector should not be pegged to private.
The government considered factors such as economic outlook, other industries and the city’s coffers, but workers’ groups say public sector should not be pegged to private.
Recommendations, which still need government approval, call for lowest earners to receive a 2.85 per cent pay rise while highest earners would get 4.06 per cent increase.
Recommendations, which still need government approval, call for lowest earners to receive a 2.85 per cent pay rise while highest earners would get 4.06 per cent increase.
With little filibustering in chamber and relatively few amendments, Legislative Council took just five meetings to debate and vote on financial blueprint – a far cry from bitter wrangling of recent years.
With little filibustering in chamber and relatively few amendments, Legislative Council took just five meetings to debate and vote on financial blueprint – a far cry from bitter wrangling of recent years.
Data shows the highest earners paid HK$22.8 billion of the city’s HK$63.6 billion in salaries tax – but some lawmakers say the richest need to pay more.
Data shows the highest earners paid HK$22.8 billion of the city’s HK$63.6 billion in salaries tax – but some lawmakers say the richest need to pay more.
Administration fees to eat up 2.9 per cent of HK$11 billion scheme that gives up to HK$4,000 to eligible people.
Administration fees to eat up 2.9 per cent of HK$11 billion scheme that gives up to HK$4,000 to eligible people.
Research released by the city’s legislature shows that despite pledges to spend more in the coming years, Hong Kong is still underprepared for a greying citizenry, and some funds even go unused.
Research released by the city’s legislature shows that despite pledges to spend more in the coming years, Hong Kong is still underprepared for a greying citizenry, and some funds even go unused.
The top ratepayer alone is expected to receive a rates concession of HK$102.6 million from 15,645 rateable properties owned.
The top ratepayer alone is expected to receive a rates concession of HK$102.6 million from 15,645 rateable properties owned.
Preferential terms on the table for private partners in government investment initiative could make it little more than a get-rich-quick scheme, experts say.
Preferential terms on the table for private partners in government investment initiative could make it little more than a get-rich-quick scheme, experts say.
The handouts were announced in an amendment to the budget last month to give up to HK$4,000 each to 2.8 million city residents
The handouts were announced in an amendment to the budget last month to give up to HK$4,000 each to 2.8 million city residents
Rocky Tuan opens lines of communications with student leaders but emphasises political boundaries that must not be crossed
Rocky Tuan opens lines of communications with student leaders but emphasises political boundaries that must not be crossed
But government data shows the extent to which developers and the rich stand to gain from the budget measure – the city’s top 10 flat owners saved more in rates waivers in the last two years than the remaining 90 names on a list of 100 owners.
But government data shows the extent to which developers and the rich stand to gain from the budget measure – the city’s top 10 flat owners saved more in rates waivers in the last two years than the remaining 90 names on a list of 100 owners.
Professional Commons, a think tank of pro-democracy professionals, says amount – a portion of what the government has been earning annually from land sales – should go towards recurrent spending
Professional Commons, a think tank of pro-democracy professionals, says amount – a portion of what the government has been earning annually from land sales – should go towards recurrent spending
The decision to hand out up to HK$4,000 to 2.8 million people identified as not having directly benefited from the budget was necessary. But while the move has met expectations, there surely has to be a better way of meeting community needs
The decision to hand out up to HK$4,000 to 2.8 million people identified as not having directly benefited from the budget was necessary. But while the move has met expectations, there surely has to be a better way of meeting community needs
Top officials present a united front on the proposed HK$4,000 payout a day after lawmakers across the political spectrum criticised the plan
Top officials present a united front on the proposed HK$4,000 payout a day after lawmakers across the political spectrum criticised the plan
Some have said the scheme, that will see 2.8 million Hongkongers receive cash handouts, undermines the new fiscal philosophy.
Some have said the scheme, that will see 2.8 million Hongkongers receive cash handouts, undermines the new fiscal philosophy.
The finance chief’s move to give up to HK$4,000 to 2.8 million Hongkongers is cheered by the pro-establishment camp, but others say it’s not enough for the needy
The finance chief’s move to give up to HK$4,000 to 2.8 million Hongkongers is cheered by the pro-establishment camp, but others say it’s not enough for the needy
The handouts will cost the government HK$11 billion, as it bows to intense public and political pressure to share the city’s HK$138 billion surplus with more residents
The handouts will cost the government HK$11 billion, as it bows to intense public and political pressure to share the city’s HK$138 billion surplus with more residents
A study has revealed spending on infrastructure projects and the welfare of the well-off continues apace despite claims that those in need will benefit
As the adage goes, only interests are eternal, and getting motions and funding passed in the city’s polarised legislature requires a deft touch.
Financial chief Paul Chan Mo-po deserves some praise for a politically difficult idea that would mean standing up not only to powerful developers but also many homeowners
With there being virtual consensus across the political divide that Paul Chan did not give enough away in his budget, the time has come for transparent rules on such matters
In a city where property owners get all the perks, finance chief Paul Chan can think again over tax breaks for those who rent as they will be forced to pay more anyway