Hong Kong power firms vow HK$310 million of relief measures before Legco meeting on prices

Hong Kong power firms vow HK$310 million of relief measures before Legco meeting on prices

Hong Kong’s two power companies have unveiled relief measures worth more than HK$310 million (US$39.8 million) for consumers before a meeting in the legislature to discuss their prices, with some initiatives aimed at low-income households and NGOs. CLP Power said on Friday it would spend HK$240 million on 12 initiatives launching next year, including a…

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The Urban Renewal Authority may consider issuing more bonds, the organisation’s managing director has said. Photo: Sun Yeung

Hong Kong’s Urban Renewal Authority to weigh bond issuance, borrowing after failed tender

Hong Kong’s cash-strapped Urban Renewal Authority may consider issuing bonds or borrowing more money as it reveals plans to take on a major redevelopment project in Kowloon City on its own after a failed tender in September. The authority’s managing director Wai Chi-sing said it was exploring the “self-initiated approach” to the Kai Tak Road/Sa…

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