Lantau Reclamation Studies Get Initial Green Light
"); jQuery("#212 h3").html("

"); });
2019-05-25 HKT 15:22
Lawmakers on Saturday gave the initial green light for the government to conduct studies into the building of artificial islands off Lantau, but the HK$550 million of funding still need to obtain approval from Legco’s finance committee.
At a meeting of Legco’s public works subcommittee on Saturday, 20 lawmakers supported the funding application and 16 voted against.
The government plans to reclaime 1,000 hectare of land near Kau Yi Chau, which it says will house up to 260,000 flats, but critics say the project – estimated to cost HK$624 billion – will drain public coffers and harm the environment.
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
