CEO Accepts Full Responsibility, MTR Widens Probe
"); jQuery("#212 h3").html("

"); });
2018-06-21 HKT 19:27
The MTR's Chief Executive Lincoln Leong said on Thursday that he will accept full responsibility for any failings on the part of the corporation, as the rail operator announced a new probe relating to the construction of the entire Shatin-Central Link
Speaking after a special board meeting, Leong said the company's 17,000 employees are very professional but if there have been problems with their compliance with rules, this would be looked into.
"But at the end of the day as a chief executive officer of this company, I am responsible, I am accountable as chief executive of the company," he said.
Chairman Fred Ma said it is the duty of the CEO to report any issues to the board, which will decide later whether anyone should be held responsible.
The new probe is to look into the corporation's project management system. A registered structural engineer had already been asked to investigate a safety scare involving the construction of a platform at Hung Hom Station.
The troubled new rail link, which has been delayed and is now the MTR's costliest expansion project to date, has been plagued by controversies in the last few weeks as an array of construction flaws were unearthed one after another.
The dodgy construction at Hung Hom Station was revealed first, followed by a report of a similar issue at To Kwa Wan. Then it was revealed that the future Exhibition Centre Station has also been experiencing trouble with excavation and construction work.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more