Hong Kong government must guard against exploitation of diesel subsidy, experts warn

    Hong Kong government must guard against exploitation of diesel subsidy, experts warn

    The Hong Kong government must ensure its massive HK$1.8 billion (US$229.8 million) subsidy for diesel to mitigate record-high oil prices for the transport sector is not exploited by fuel companies through discount manipulations, an industry leader and a lawmaker have cautioned. Their warnings came shortly after authorities announced a two-month, HK$3-per-litre (38 US cents) diesel…

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    Hong Kong seeks to raise bond issuance ceiling to HK$900 billion

      Hong Kong seeks to raise bond issuance ceiling to HK$900 billion

      A proposed increase in the Hong Kong government’s borrowing cap for its bond programmes to HK$900 billion (US$115 billion) will be sufficient to finance infrastructure projects over the next three years, officials have said, while leaving the door open to further rises in the long run if needed. Andrew Lai Chi-wah, permanent secretary for financial…

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      Hong Kong’s Exco gives green light to plans for Kai Tak monorail

        Hong Kong’s Exco gives green light to plans for Kai Tak monorail

        Hong Kong’s key decision-making body has approved plans for an elevated smart mass transit railway system in Kai Tak that will connect the cruise terminal and other major facilities in the area to the local MTR station. The Executive Council’s endorsement followed meetings between authorities and project critics and consultations with the public and the…

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