'Govt Plan Still Means Subsidising Private Clubs'
"); 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_1387052_1_20180321115139.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/k2/1387052-20180321.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','http://news.rthk.hk/rthk/en/component/k2/1387052-20180321.htm', 'DCS.dcsqry', '' ); } } }); }); });
2018-03-21 HKT 11:51
Brian Wong talks to RTHK's Jimmy Choi
Liber Research Community has slammed the government's proposal on private club land unveiled on Tuesday, saying it is still like subsidising exclusive joints with public money.
For a public consultation exercise that was launched on Tuesday, the government has proposed that private sports clubs pay one-third of the full land value as a fee when they renew their leases every 15 years, starting from 2026. Most of them are currently charged little or no premium.
But Brian Wong, a member of the think tank, said the one third land value as a premium is now being paid by community service facilities, such as schools and churches. "But the condition is that they are not supposed to make money and run a business on that piece of land," he said.
"So if you charge them only one third premium and at the same time allow them to provide food and beverage services, sauna rooms, mahjong rooms, then that is absolutely unfair. It is like you are subsidising them to do private business," Wong said.
He said to promote sports, facilities have to be open to the public and inclusive. "But if at the same time you make the club house remain exclusive to its members, there is a contradiction," he said.
Wong said that each club should be examined on a case by case basis to see what service it is providing and if it fails to contribute to the community, the lease must be ended.
He also told RTHK's Jimmy Choi that those clubs who want to remain exclusive can do so by paying full land premiums as some private clubs already do.
Binance Pay And TBCASoft Enable QR Payments Across Merchant Networks In Japan
Binance Pay has partnered with TBCASoft to enable QR code payments through the HIVEX Network, starting with a planned r... Read more
OSL Launches AgentPay For AI Agent Stablecoin Payments
OSL Group has launched AgentPay, a stablecoin payment infrastructure designed to enable AI agents to execute autonomous... Read more
The Biggest AI Governance Gap In APAC Lies In Proof And Traceability
AI has outgrown the role of an assistant, now moving money, approving transactions, and carrying out multi-step tasks w... Read more
HSBC Sells Tokyo HQ As It Prepares For 2029 Relocation
HSBC has sold its Tokyo headquarters building to a unit of Mitsubishi HC Capital, according to Bloomberg. The sale come... Read more
Why Multi-Currency Cards Need More Than Card Issuing
Tap a multi-currency card in Tokyo, and the payment looks no different from any other card transaction. Behind the tap,... Read more
China CITIC Bank Names Wang Junwei As CEO
China CITIC Bank International (CNCBI) has appointed Wang Junwei as its Executive Director and Chief Executive Officer,... Read more