ESF reserves reach HK$3.75 billion, even as government subsidies shrink

    ESF reserves reach HK$3.75 billion, even as government subsidies shrink

    The reserves of Hong Kong’s largest international school group have more than tripled to HK$3.75 billion (US$480.8 million) in over a decade, even as it taps different income sources to offset shrinking government subsidies, the South China Morning Post has found by reviewing the organisation’s annual reports. The English Schools Foundation (ESF) also said in…

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    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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