'No Loopholes In Amended Environmental Impact Law'
"); jQuery("#212 h3").html("

"); });
2022-12-07 HKT 11:55
The government says ditching the need for assessment reports for development projects spanning fewer than 50 hectares will not create loopholes when it comes to environmental protection.
Under the Environmental Impact Assessment Ordinance, projects covering more than 20 hectares require an environmental assessment report, but the administration wants to change this to 50 hectares.
Terence Tsang, assistant director of the Environmental Protection Department, said on an RTHK programme on Wednesday that the authorities have reviewed assessment reports over the past two decades, and found that projects smaller than 50 hectares are usually related to housing or ancillary facilities that don’t have much of a cumulative impact on the environment.
“We found that their environmental assessment impacts don’t always include recommendations on land allocation or special measures to improve the environment,” he said.
Tsang added that specified infrastructure under the ordinance will require an environmental permit before construction, even if it is within sites that are smaller than 50 hectares.
“We still have to look at the cumulative impact. So, I don’t see any loopholes in this respect,” he said.
On the same programme, Roy Ng from the Conservancy Association said he is concerned that the proposed changes to the ordinance are aimed at speeding up development at the cost of the environment.
Ng said the government must make sure the ordinance remains effective in protecting the environment.
Indonesia And South Korea Begin Cross-Border QRIS Payments In Local Currencies
Bank Indonesia and the Bank of Korea have launched cross-border QR payment connectivity between Indonesia and South Kor... Read more
Hong Kong Misses March Deadline For First Stablecoin Licenses, No Issuers Approved
The Hong Kong Monetary Authority (HKMA) has yet to issue its first batch of stablecoin licenses, missing an earlier tar... Read more
Hong Kong Sees Digital Wallets Surpass Cards For The First Time
Digital wallets have surpassed cards for the first time in the city’s payments landscape, according to the Global Pay... Read more
HSBC Appoints Max Xu And Samuel Chen To Lead Wealth And Private Banking In China
HSBC has appointed Max Xu as Head of International Wealth and Premier Banking (IWPB), HSBC China, and Samuel Chen as He... Read more
OSL Group 2025 Revenue Hits HK$489M, Stablecoins Account For 60% Of Trading
OSL Group reported its annual results for the year ended 31 December 2025. The company said it recorded growth during t... Read more
JCB Brings Google Pay Contactless To Taiwan In First Overseas Rollout
JCB has announced that JCB-branded credit cards issued by Union Bank of Taiwan and Bank SinoPac will, for the first tim... Read more