Browsing: Hong Kong

Public works contracts worth $1.25 billion awarded May 2013

Danny Chung:     Official records show public rental and subsidised housing projects accounted for most of the contracts awarded in the public sector in May 2013. According to the government gazette and websites of government


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Fair value gains push up Chevalier profit

Danny Chung:     Net profit at construction to information technology company Chevalier International Holdings (0025) has jumped by over half thanks to fair value gains on investment property and other investments. For the year ending


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Kowloon Development shrugs off property market worries

Danny Chung:     Mid-sized developer Kowloon Development (0034) has shrugged off worries facing the property market and economy and will stick to its business plans as it seeks to maintain property sales. Speaking after the


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We can work it out: The art of negotiation

Danny Chung   We can work it out: The art of negotiation What does choosing which film to watch with the better half after dinner, buying a property and dealing with a child who wants a


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Government stands firm on premiums for co-operative sites

Danny Chung The government is standing firm on the requirement to pay premiums should owners of flats built under the civil servants co-operative building society scheme want to redevelop them in cooperation with developers. Speaking at


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Works departments to hire 141 staff in 2013-14

Danny Chung With developers, consultants and contractors all scrambling to increase their headcounts to cope with the increased workload from the public and private sectors, government works departments are also looking add new staff. Hidden away


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Public Works Sub Committee to review HK$24.7 billion for public works

Danny Chung The government will be looking for HK$24.7 billion worth of public funds for some big ticket projects when legislators review funding applications today. The Public Works Subcommittee of the Finance Committee will pore over


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MTR Corp Express Rail facing $3.64 billion unresolved claims

Danny Chung Railway operator MTR Corporation (0066) is facing at least HK$3.64 billion worth of unresolved claims from contractors over additional work and expense for the troubled Express Rail Link. According to a paper compiled by


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Works depts staff wages on the line in Legco filibuster

Danny Chung With the high drama of the current filibustering in the Legislative Council over the new government budget continuing to grab the news headlines, staff and contractors working for the government works departments will not


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Construction industry gearing up for competition law

Danny Chung The construction industry, which is sometimes known locally and overseas for its questionable business dealings, is gearing up to comply with a new competition law in Hong Kong. The Legislative Council last June enacted


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