We Can Handle Two Massive Projects At Once, Says Govt
"); jQuery("#212 h3").html("

"); });
2021-10-25 HKT 13:32
Development Secretary Michael Wong on Monday dismissed concerns that officials are biting off more than they can chew by undertaking two massive projects, the Northern Metropolis and Lantau Tomorrow Vision, at the same time.
At a Legco panel meeting, New People's Party legislator Regina Ip asked whether the government is capable of doing this, saying it could lead to an increase in labour and construction costs, as well as delays.
"Please be frank secretary. Do you think you can cope with it? Don't be bureaucratic," she said.
Wong told the legislature: "We have the financial position and our sector has the capacity. We are able to deal with that amount of works."
Councillors also asked if the government will consider relocating the Kwai Chung container terminals, to free up the site for other development.
Wong said the administration has no such plan, but a preliminary study is planned on turning Cheung Chau South into a container terminal.
Five Years In: Lessons From Asias Digital Bank Revolution | David Becker, MD APAC, Mambu
Digital banking in Asia was supposed to change the world. Five years later, did it live up to the hype? In this in-dept... Read more
19th Asian Financial Forum To Spotlight Finance And Global Opportunities
The 19th Asian Financial Forum (AFF), co-organised by the Hong Kong SAR government and the Hong Kong Trade Development ... Read more
HK Banks Launch Money Safe Service To Protect Deposits
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) announced on 30 December that all... Read more
HashKey Lists On Hong Kong Exchange
HashKey listed on the Main Board of The Stock Exchange of Hong Kong Limited, becoming the first digital asset company t... Read more
North Korea Linked To Over Half Of 2025 Crypto Heist Losses
TRM has published new research showing that North Korea-linked actors were responsible for more than half of the US$2.7... Read more
South Korea Forms Task Force After Coupang Data Breach
The South Korean government announced on Thursday (19 December) that it will establish an interagency task force to add... Read more