Hong Kong’s competition watchdog is closely monitoring a potential megadeal between the city’s two largest supermarket chains amid a continued decline in grocery sales since 2020. The Competition Commission told the South China Morning Post that it was aware of media reports about the potential merger. “The commission is aware of the relevant media reports…
Hong Kong’s competition watchdog has cracked down on a new syndicate suspected of bid-rigging in tenders for building maintenance projects across 17 estates and buildings, with the total value of contracts hitting HK$700 million (US$89.7 million). The two-day operation is the first major enforcement action led by the Competition Commission following the deadly Tai Po…
New measures to strengthen Hong Kong’s building maintenance regime after the deadly Tai Po fire only scratch the surface of long-standing issues that require deeper systemic reforms and tougher laws, according to experts and industry figures. The damning verdict came after the government’s pledges and proposals on Wednesday to close policy gaps and tackle entrenched…
Hong Kong should make bid-rigging a crime in the wake of the city’s deadliest fire in decades, a local think tank has urged, echoing a similar call from the city’s barristers. The proposal by the POD Research Institute came after the Hong Kong Bar Association formed a task force to review existing legislation following the…
The Hong Kong Bar Association has proposed introducing targeted legislation to criminalise bid-rigging and make key construction safety guidelines legally binding, following the city’s deadliest fire in seven decades. The association formed a task force to review existing legislation after the Tai Po fire last month, with one of the preliminary goals being to criminalise…