Lantau Funding Request Put On Hold

"); jQuery("#212 h3").html("

"); });
2019-06-25 HKT 16:09
The chairman of the Legco Finance Committee, Chan Kin-por, said the committee will not discuss a funding request relating to the Lantau reclamation project before the Legco summer break in July.
He said the government has told him that the HK$550 million request for a feasibility study to build artificial islands off Lantau will stay at the bottom of the agenda for this legislative year.
Chan said even if the committee finishes vetting all the other items before the summer recess, debate on the request for the Lantau Tomorrow Vision plan will not resume.
Development Secretary Michael Wong said earlier on Tuesday that if the funding request was not passed before the Legco summer break, the government would have no choice but to accept that.
Critics of the plan had earlier called for the complete withdrawal of the funding request, citing worries that the measure might still be passed even if it had been put at the bottom of the agenda.
______________________________
Last updated: 2019-6-25 HKT 19:35
TOPPAN Edge And Partisia Partner For Fully Privacy-Focused Digital Identity Solution
TOPPAN Edge is partnering with Partisia to develop a fully privacy-focused digital identity using Partisia’s Decentr... Read more
Livi Bank Achieves HKD2.9B In Customer Deposit Growth
livi Bank reported a total operating income of HK$220 million in 2024 in its latest annual report results, marking a 76... Read more
OSL And Ant Digital Partner To Drive Real-World Asset Tokenisation
OSL Group (863.HK), a publicly listed company for digital assets, and Ant Digital Technologies signed a Memorandum of U... Read more
WeLab Bank Hits Profit In 2025 With HKD750M Revenue
WeLab Bank achieved profitability in Q1 2025*, continuing from 2024 when it achieved breakeven within four years of its... Read more
Adoption Of GenAI Rises In Hong Kongs Financial Sector, Though Focus Remains On Internal Operations
In Hong Kong, financial institutions are increasingly adopting generative artificial intelligence (genAI), aiming for e... Read more
HKMA Forms CargoX Expert Panel To Modernise Trade Finance
On 28 April 2025, the Hong Kong Monetary Authority (HKMA) announced the creation of an Expert Panel on Project Cargox. ... Read more