Following is a question by the Dr Hon Priscilla Leung and a written reply by the Secretary for Development, Mr Paul Chan, in the Legislative Council today (April 17): Question: Recently, the Government has planned to build four residential blocks of 37 to 39 storeys on Northwest Kowloon Reclamation Site 6 (Site 6) in Sham … Read more
President, this Budget carries the style of managing public finances with prudence which the Financial Secretary has adopted all along. However, as Hong Kong is currently affected by the unstable external economic environment, high inflation and exorbitant rents, many enterprises and members of the public are under tremendous pressure. I hope the Government can make proper use of the reserves … Read more
President, the first Budget of the current-term Government announced by the Financial Secretary in February was, as expected by the public, devoid of any pleasant surprises. The public finance principles of the Financial Secretary have always tended to be pragmatic and conservative. Besides, global economy is still under the impact of the financial crisis in … Read more
President, there is this old saying that “the ancients who wished to order well their states, they first regulated their families”. In ancient times, one must manage to govern a prefecture or county well before he could run a state properly. In present-day Hong Kong, communities must be managed properly before social stability can be achieved, and in order for … Read more
President, there are many very specific matters in property management, even to the extent of being trivial. But they are closely related to the people and the question of whether or not they can live comfortably. As the saying goes, nothing can be called trivial when it comes to matters of people’s livelihood. I think that this motion proposed … Read more
President, the motion today touches on two issues; first, the recovery and handling of “gutter oil”; and second, the support and promotion of biodiesel. Used cooking oil is known as “gutter oil” on the Mainland and it has extensive meanings, including oil refined from waste food or residue from the gutter drain, as well as slop oil and perennial … Read more
President, as there have been occasional incidents of gas explosion in telecommunications manholes in recent years, the former Office of the Telecommunications Authority appointed a consultant to study the matter in March 2010 and published in June of the same year a set of Implementation Guidelines on Mitigating the Risk of Gas Explosion in Telecommunications Manholes (the Guidelines), which is … Read more
President, my childhood years were spent in To Kwa Wan and Kowloon City where I received my primary and secondary education. After my junior secondary schooling, I moved to Ngau Tau Kok, Kwun Tong, and I initially lived in San Po Kong after I started to work. I had lived in Kowloon East for more than 30 years in … Read more
President, Hong Kong has developed from a fishing village more than a century ago into an international metropolitan today, its great economic achievements are recognized by all. However, Hong Kong seems to have lost the direction in its future economic development. As regards the internal factors, Hong Kong’s long-standing over reliance on the financial, real estate and sales services … Read more
President, Hong Kong is well-known for its status as an international financial centre. The report published by the World Federation of Exchanges early this year pointed out that the total market value of companies listed in the Hong Kong Exchanges and Clearing Limited surpassed that of the Shanghai Stock Exchange and the two ranked the sixth and seventh among … Read more
