Thursday, July 31, 2014   

Mega Events Fund management slammed
(05-12 13:53)

There was renewed criticism of the oversight and management of the HK$250 million Mega Events Fund at a public hearing of the Legislative Council's Public Accounts Committee on Monday.
An Audit Report had earlier revealed potential conflicts of interest and irregularities in its accounts and records.
Civic Party legislator, Alan Leong Kah-kit, questioned why the Council had not been informed of a recommendation by the Independent Commission Against Corruption that the Fund should not continue beyond 2012 as it had fulfilled its 'historical mission'.
The Permanent Secretary for Commerce and Economic Development, Andrew Wong Ho-yuen, said the Fund -- which was set up in 2009 -- aimed to attract overseas visitors back to Hong Kong and to provide short-term employment for a period of three years.
He said it was decided to continue with the Fund so that Hong Kong could compete for tourists with regional neighbors.
Wong said the Fund would aim to rectify the current situation. --RTHK   
Other Hong Kong breaking news:
Fiscal reserves down as of June (2 hrs 39 mins ago)
Activists refuse bail extension (07-31 12:59)
Govt slammed over staff hiring (07-31 12:59)
Tam urges more signatures overseas (07-31 11:38)
Lee Cheuk-yan urges political party legislation (07-31 11:36)
Ebola safeguards announced (07-31 10:07)
Activists plan to refuse to renew their bail (07-30 18:59)
Ng not seeking new term as LegCo FC chair (07-30 18:58)
Civil disobedience more likely: Occupy Central (07-30 14:52)
Lawmakers asked to clarify donations (07-30 13:30)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.