It is quite unimaginable that Hong Kong continues to struggle with basic necessities such as water. However, that is the case, at least when it comes to the government. Ten years ago, opposition lawmaker Helena Wong Pik-wan found excessive levels of lead in drinking water that was later discovered to have affected 11 public housing…
Hong Kong’s treasury chief has dismissed calls to set up a separate commission of inquiry to investigate officials’ roles in a bottled water procurement scandal, arguing that the government’s auditors will be able to identify lapses in a “professional and independent” manner. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu, the head of…
A vague public apology and blaming a procedural “flaw” have failed to quell public discontent over the government’s water procurement scandal, political analysts have said, urging Hong Kong leader John Lee Ka-chiu to accelerate developing a civil servant accountability system. Analysts made the call on Friday as the government said that the central tender board,…
A vague public apology and blaming a procedural “flaw” have failed to quell public discontent over the government’s water procurement scandal, political analysts have said, urging Hong Kong’s leader to accelerate developing a civil servant accountability system. Analysts made the call on Friday as the government told the Post that the central tender board, chaired…
Hong Kong police have arrested a married couple suspected of being at the centre of a rapidly unfolding controversy surrounding a HK$52.9 million (US$6.8 million) contract to supply drinking water to some government offices. The pair allegedly defrauded the government and are suspected of breaching the Trade Descriptions Ordinance by providing false information about the…
Vanuatu is seeking closer ties with Hong Kong to support its ambitions in digital finance and economic diversification as the South Pacific island nation positions itself as a gateway for collaboration between the Global South and Asia. The country is entering a new era of economic stability with a renewed focus on infrastructure, digital transformation…
A proposal to tighten regulations over Hong Kong’s notorious loan sharks is too narrowly focused and will not tackle the root problem of unruly debt collectors, according to lawmakers and legal experts. The legislators and specialists criticised the Financial Services and the Treasury Bureau’s plan to set a cap on borrowing activity for low-income earners…
Syfe, a Singapore-based robo financial adviser and digital investment platform operator, has raised US$80 million in its Series C funding round, as the company pushes to expand its wealth management product offerings in Hong Kong. This round includes new all-equity financing worth US$53 million at a significantly higher valuation, according to the fintech start-up’s statement…
The number of deals involving non-local homebuyers in Hong Kong has more than tripled over the past two years, official data shows, a jump that experts have attributed in part to the government’s scrapping of property market cooling measures. But the number of transactions by local buyers increased by only 14 per cent between 2023-24…