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
Circle CEO Says China Could Launch Yuan Stablecoin In 3 To 5 Years As Trade Grows
Circle CEO Jeremy Allaire predicts that China could roll out a yuan stablecoin within three to five years to expand the... Read more
Naver IPO Timeline Set As Dunamu Merger Targets Nasdaq Debut
Preparations for a Naver IPO are underway following an agreement between Naver Financial and cryptocurrency exchange op... Read more
TransUnion Urges Lenders To Rethink Credit Risk For Gig Workers In Hong Kong
TransUnion is urging lenders to update their risk assessment models, revealing that gig workers in Hong Kong exhibit st... Read more
Citi And Endowus Roll Out HK$4,000 Wealth-Linked Credit Card Campaign
Citi and digital wealth platform Endowus have launched a joint credit card promotion in Hong Kong, expanding the Citi E... Read more
Aspire Secures SFC License In Hong Kong To Launch SME Yield Product
Singapore-headquartered fintech Aspire has secured three financial licenses from the Securities and Futures Commission ... Read more
Why Stablecoins May Become The Backbone Of 24/7 Global Trade
Stablecoin transaction volumes surged 72% in 2025, reaching a record US$33 trillion and signalling growing institutiona... Read more