Legalising basketball betting could add HK$2 billion (US$257.2 million) in duties to government coffers annually, Hong Kong’s finance chief has said, although observers have raised concerns about the promotion of gambling and related youth problems. Financial Secretary Paul Chan Mo-po revealed in his annual budget speech on Wednesday that the government had invited the Hong…
Hong Kong construction companies’ confidence in their near-term survival has dropped to its lowest since the pandemic, with fewer than half believing they can carry on with the current number of projects they have, a survey by a trade body has found. The annual Construction Industry Business Index poll, conducted by the Construction Association and…
Hong Kong will have a “golden opportunity” to develop its higher education institutions in the coming decade given Beijing’s support, a minister has told a forum where university heads also debated how to build the city into an international hub for students. The presidents disagreed on the best way to reach that goal, with some…