CE And Protesters Frustrated By Finance Committee
"); jQuery("#212 h3").html("

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "http://newsstatic.rthk.hk/audios/mfile_1383833_1_20180304171225.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'http://news.rthk.hk/rthk/en/component/k2/1383833-20180304.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1383833-20180304.htm', 'DCS.dcsqry', '' ); } } }); }); });
2018-03-04 HKT 15:28
The Chief Executive Carrie Lam says the government will speak to a number of political parties about the slow pace of funding approvals in the Legislative Council. The Finance Committee has only approved around HK$70 billion worth of public works, about a third of the total.
Lam says, at the current pace, it will be impossible for the committee to deal with the remaining funding requests with only eight meetings left in the current legislative year. But she says she will not admit defeat, as suggested by some of her colleagues, and withdraw some of them.
Lam says she plans to shuffle the order to prioritise less controversial projects.
Meanwhile, hundreds of people from the construction industry have staged a rally outside Legco, demanding lawmakers vet projects faster.
A spokesman from the Construction Industry Alliance, Thomas Tse, said the problem had being going for four years and that interconnecting projects were being affected.
He said civil engineering, ground work, and advanced work studies had been hit the most.
Meanwhile, Finance Committee chairman, Chan Kin-por, has said he plans to add more sessions.
______________________________
Last updated: 2018-03-04 HKT 17:20
XTransfer Partners With Bank SinoPac HK To Expand Cross-Border Payment Services
XTransfer has entered into a collaboration with Bank SinoPac, through its Hong Kong Branch, to expand international ope... Read more
Standard Chartered To Launch Bitcoin And Ethereum Custody Services By 2026
Standard Chartered Bank (Hong Kong) participated in Hong Kong Fintech Week 2025 (HKFTW25) as a strategic partner, annou... Read more
HashKey And Kraken Form Partnership On Institutional Tokenised Assets
HashKey and Kraken have announced a strategic partnership to promote institutional adoption of tokenised assets. The co... Read more
Reap Expands Global HQ With New Office In Hong Kong
Reap, a global fintech company providing stablecoin-enabled financial infrastructure, has expanded its global headquart... Read more
HeyMax Debuts In Hong Kong, Partnering With Cathay To Drive Regional Growth
Loyalty and travel rewards platform HeyMax has made its first international launch in Hong Kong, partnering with Cath... Read more