Taxi trade leader Chau Kwok-keung says he has never felt as much fear as he does now after transport minister Mable Chan set a 10,000-vehicle cap for ride-hailing service permits in May, in a bid to resolve what she called a “long-standing controversy” between traditional cabs and online service providers. Chau, a 40-year veteran of…
Hong Kong authorities will seek half of the HK$440 million (US$56.2 million) investment for a planned national innovation centre in Yuen Long from the private sector, while setting performance benchmarks that an analyst has called ambitious. The target was announced after Financial Secretary Paul Chan Mo-po revealed the plan in his latest budget in February,…
Proposed designated laws to streamline land-use approval procedures for the Northern Metropolis megaproject will not undermine the authority of Hong Kong’s town planning body, some experts have argued while urging the government to establish clear key performance indicators (KPIs) to strengthen market confidence. Observers were responding to a package of six subsidiary laws unveiled on…
Hong Kong authorities have proposed designated laws to streamline procedures for changing land use in the Northern Metropolis megaproject, cutting the process from typically nine months to just two. Unveiled by the Development Bureau on Tuesday, the proposed designated legislation comprises six main subsidiary laws designed to remove bottlenecks in the massive scheme near the…
Hong Kong’s adoption of preferential packages to fast-track an industrial park that falls under the Northern Metropolis megadevelopment has been given an initial thumbs up. Local developers hailed the new approach as a “one-stop service” to help them cut through red tape and resolve problems, while some market observers believed it could also attract mainland…
In the second instalment of our two-part series on Hong Kong’s beleaguered property market, analysts explore why this slump is different from past downturns. The first instalment discussed how the resurgence of the city’s stock market as a venue for initial public offerings could boost office uptake and ease developers’ pain. Swiss bank UBS got…
In the second instalment of our two-part series on Hong Kong’s beleaguered property market, analysts explore why this slump is different from past downturns. The first instalment discussed how the resurgence of the city’s stock market as a venue for initial public offerings could boost office uptake and ease developers’ pain. Swiss bank UBS got…
Hong Kong can save more than HK$90,000 (US$11,470) per patient in medical expenses if the city provided better measures to allow more residents to receive support and die at home or in care facilities, a local think tank has said, calling on the government to develop a plan framework for people in their last days….
Hong Kong businesses, social groups, a major bank and a think tank have jointly set up a platform to devise initiatives to make the city more elderly-friendly through the nurturing of a “silver economy”. The Alliance of Silver Economy Development was launched on Tuesday, with the goal of encouraging collaboration between companies and social organisations….