Thursday, October 18, 2018

Land reclamation: funding for artificial island studies to be sought as Hong Kong officials press ahead with ‘Lantau Tomorrow Vision’

Land reclamation: funding for artificial island studies to be sought as Hong Kong officials...

Hong Kong’s development minister has said officials will next year ask the legislature to fund studies into building artificial islands east of Lantau over the next 30 years. Michael Wong Wai-lun said on Thursday the research would focus on the first stage of the plan – the reclamation of 1,000 hectares next to the small…
Will Trump’s tariffs on Chinese imports make the next Christmas more expensive for Americans?

Will Trump’s tariffs on Chinese imports make the next Christmas more expensive for Americans?

The weather is overcast on the second day of the 124th session of the Canton Fair in Guangzhou -perhaps fitting for the massive trade show for Chinese exporters as global trade wars threaten the economic outlook. But the place is packed, and the line to get in through the main entrance is massive. Thousands of…
How changes to Schengen Area entry policy will affect Hongkongers

How changes to Schengen Area entry policy will affect Hongkongers

Travel to Europe is about to get more complicated for Hongkongers. From 2021, holders of Hong Kong passports will no longer be able to simply hop on a plane and arrive in most European countries with nothing more than a passport, owing to a policy change that will put an end to nearly two decades…
For the first time in a decade, US is crowned ‘world’s most competitive economy’. How did China do?

For the first time in a decade, US is crowned ‘world’s most competitive economy’....

For the first time in a decade, the United States was crowned the world’s most competitive economy by the organisation behind the Davos economic forum. The World Economic Forum on Wednesday released its latest global competitiveness report, which looked at 140 economies based on 98 wide-ranging social, political and economic factors. The organisation assessed a…
Hong Kong is not deliberately pushing up property prices but will not sell land cheaply, leader says

Hong Kong is not deliberately pushing up property prices but will not sell land...

Hong Kong’s leader has rejected claims the city is deliberately pushing up property prices, a day after a HK$40 billion (US$5.1 billion) site on The Peak was withdrawn from sale. On Wednesday, Chief Executive Carrie Lam Cheng Yuet-ngor said the decision to take the Mansfield Road property off the market showed the government would not…
Hong Kong land cannot be bought on the cheap says city’s leader as she denies government is deliberately pushing up property prices in city

Hong Kong land cannot be bought on the cheap says city’s leader as she...

Hong Kong’s leader has rejected claims the city is deliberately pushing up property prices, a day after a HK$40 billion (US$5.1 billion) site on The Peak was withdrawn from sale. On Wednesday, Chief Executive Carrie Lam Cheng Yuet-ngor said the decision to take the Mansfield Road property off the market showed the government would not…
Hong Kong scraps sale of The Peak land plot after bids failed to meet US$6.2 billion expected price

Hong Kong scraps sale of The Peak land plot after bids failed to meet...

A luxury residential site on The Peak has been withdrawn from sale for the first time since 2016, a sign that developers are increasingly cautious about the Hong Kong market outlook as a sliding stock market, rising interest rates and the escalating US-China trade war threaten to further dampen buying interest. The Lands Department announced…
Hong Kong scraps sale of The Peak land plot after bids failed to meet US$5.1 billion expected price

Hong Kong scraps sale of The Peak land plot after bids failed to meet...

A luxury residential site on The Peak has been withdrawn from sale on Tuesday, a sign that developers are increasingly cautious about the Hong Kong market outlook as a sliding stock market, rising interest rates and the escalating US-China trade war could further dampen buying interest. The Lands Department announced that it had rejected all…
We never build what we can’t afford, Hong Kong leader says amid criticism of 1,700 hectare artificial islands plan

We never build what we can’t afford, Hong Kong leader says amid criticism of...

Hong Kong’s leader on Tuesday insisted the city was not committing to unaffordable infrastructure projects amid criticism of her proposal to create artificial islands to house up to 1.1 million people. But Chief Executive Carrie Lam Cheng Yuet-ngor refused to offer a cost estimate for the 1,700 hectares of new land east of Lantau Island,…
Hong Kong’s MTR Corp investigating if power supply issue was to blame for unprecedented six-hour disruption

Hong Kong’s MTR Corp investigating if power supply issue was to blame for unprecedented...

Hong Kong’s railway operator is investigating whether a power supply issue at its control centre in Tsing Yi was behind an unprecedented service disruption to four rail lines on Tuesday, the Post has learned. The breakdown started shortly before 6am on the Island Line, Kwun Tong Line and Tsuen Wan Line and subsequently affected the…
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