Hong Kong’s bankers and traders hunkered down at home or booked hotels near their offices as Super Typhoon Ragasa descended on the Asian financial hub. The big international banks, including Goldman Sachs, Morgan Stanley and HSBC Holdings, told most employees to work from home before the typhoon unleashed a deluge of rain and sustained winds…
Hong Kong prides itself on transparency, caution and adherence to the rule of law. Policy proposals undergo scrutiny and seek to strike a balance between legal, social and public interests. However, in an era of increased public scrutiny, the optics of governance often overshadow its true purpose or public benefit. This is frequently the case…
Hong Kong tycoon Dickson Poon is seeking to take his flagship company Dickson Concepts (International) private as he delivered a dire assessment of the city’s ailing retail industry. The businessman, who controls 60.5 per cent of the company, offered HK$7.20 a share in cash to buy the remaining 39.5 per cent stake for a total…
Undersecretary for Development David Lam Chi-man recently called for a fresh “facilitator” mindset to streamline the project vetting and approval process, while the Buildings, Fire Services, Highways and Water Supplies Departments all committed to cutting excessive red tape. Such initiatives are a small step in saving resources and time, and a giant leap in inspiring…