Legco FC To Hold Extra Meetings To Clear Backlog

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

Related News Programmes

"); });

2019-06-08 HKT 13:23

Share this story

facebook

  • Legco FC to hold extra meetings to clear backlog

The chairman of Legco's Finance Committee, Chan Kin-por, says he hopes to hold about 40 hours of extra meetings to clear a backlog of several dozen funding requests before the council breaks for summer recess in July.

Chan described the situation as "quite critical", saying there’re more than HK$70 billion worth of projects and initiatives that still require lawmakers’ approval.

He stressed that he would reserve adequate time for more controversial items - such as a HK$550 million request for a feasibility study to build a large artificial island off Lantau.

But he believed pushing the controversial items to the back of the agenda won't help speed up vetting - because all pending items are equally urgent.

“All these items really relate to the people of Hong Kong so that they can have all these hospitals and all these different livelihood issues”, he said.

The chairman of Legco’s Public Works Subcommittee, Lo Wai-kwok, meanwhile, said there’s a need to approve funding for major infrastructural projects as soon as possible to ensure the livelihoods of local construction workers.

RECENT NEWS

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