Thursday, March 5, 2015   

'Future Fund' necessary, says govt group
(03-03 19:08)

Experts from a government working group on Monday urged the administration to put one-third of its annual fiscal surplus into a new "Future Fund" that could bankroll needed infrastructure developments even if the government is running a deficit.
The Working Group on Long-Term Fiscal Planning said such a fund could grow to over half a trillion Hong Kong dollars by 2041 and that such a massive war-chest was necessary in light of the territory's shrinking population and aging workforce.
The group also stood by its prediction that Hong Kong could start to see a structural deficit within seven years. --RTHK   
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13 mainland tourists arrested over goods trading (03-04 16:01)
Cab drivers' case against Occupy leaders adjourned (03-04 14:35)
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(NPC) Legislature won’t budge on HK suffrage ruling (03-04 13:56)
Myanmar poultry banned over avian virus scare (03-03 18:38)

More breaking news >>

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