Legco Approves Additional HK$10bn For Shatin Link
"); jQuery("#212 h3").html("

"); });
2020-06-12 HKT 21:28
Legislators on Friday approved an additional HK$10 billion in funding for the troubled Shatin-to-Central rail link, after pro-government councillors voted down all motions by their rivals.
The chair of Legco's Finance Committee, Chan Kin-por stopped legislators from asking more questions from 4 pm, saying they were repetitive and the item had been discussed for a long time.
At the end, the funding application was passed - with 30 votes for, and 21 against.
The first phase of the new rail link, between Tai Wai and Kai Tak, was opened in February, while the remaining section to Hung Hum is expected to open next year.
The cross-harbour section, meanwhile, is slated for service in 2022.
OSL Group Raises US$200M To Expand Stablecoin And Payment Operations
OSL Group announced an equity financing of US$200 million (approximately HK$1.56 billion). The company intends to use t... Read more
Hong Kong Clinics Introduce Palm Verification For Contactless Check-In
Tencent and Bupa Hong Kong have introduced a palm verification check-in service across 20 Bupa clinics, including flags... Read more
19th Asian Financial Forum Concludes In Hong Kong With 800+ Investment Meetings
The 19th Asian Financial Forum (AFF) concluded on 27 January after two days of discussions and knowledge sharing. Over ... Read more
Hong Kongs HK$62B Wealth Fund Turns To Fintech, Aerospace And AI For Growth
The Hong Kong Investment Corporation (HKIC) is considering investments in fintech, aerospace and AI, as geopolitical sh... Read more
OSL Pay Integrates StraitsX Infrastructure To Enable USD Access
OSL Pay is embedding USD access into its platform through an infrastructure integration with StraitsX. The payments arm... Read more
South Korea Raises AI Budget Fivefold To US$1.67B In Race For Top 3 Global AI Status
The South Korean government plans to spend up to 2.4 trillion won (US$1.67 billion) this year to support AI adoption ac... Read more
