Following allegations that the Hong Kong authorities colluded with the Pacific Century Group (now PCCW) by offering the HK$13 billion Cyberport development contract to the firm without public bidding, the Legislative Council (LegCo) announced that it had debated the matter at a meeting on Wednesday.
According to reports, lawmaker Emily Lau filed a motion asking the government to provide a definition of collusion, and to explain how monitoring systems can prevent unethical practices in this area.
Observers have suggested that it is the government's plan to hire a single developer (from a shortlist of just three) for the forthcoming HK$24 billion West Kowloon Cultural Hub project that has raised fears that it may favour certain business groups over others.
However, in a blitz on the regional media last week, Commerce, Industry and Technology Secretary, John Tsang denied that PCG had been unfairly awarded the Cyberport contract.
.
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment