Hong Kong’s beleaguered Urban Renewal Authority (URA) has raised HK$8 billion (US$1.02 billion) by selling bonds to finance capital expenditure and new projects. The cash-strapped authority on Wednesday said it sold two tranches of bonds, one worth HK$5 billion with a five-year term and the other for HK$3 billion with a 10-year term. The coupon…
Hong Kong police have arrested nine employees of a company suspected of using surveying equipment with 45 forged certificates in five hospital expansion projects and one construction site. The force said on Thursday that it had detained six men and three women, aged 23 to 48, from acoustic and environmental services consultancy Novox for allegedly…
Hong Kong police have arrested three people linked to a company suspected of using surveying equipment with forged certificates in at least two redevelopment projects and a public hospital expansion, the Post has learned. The arrests, involving acoustic and environmental services consultant Novox, were made on Tuesday. The Urban Renewal Authority (URA) told the Post…
Hong Kong’s deadliest fire in decades has been put out, but the sight of the charred remains of Wang Fuk Court’s housing blocks still conjures up painful emotions and all too vivid memories for many people in the surrounding neighbourhood. The fire started on Wednesday last week, raging for 43 hours and engulfing seven of…