Government Reform
In response to a recent fire in Tai Po, Hong Kong's government is reforming the Urban Renewal Authority's 'Smart Tender' scheme with homeowner satisfaction surveys to combat bid-rigging and improve building maintenance. Chief Secretary Eric Chan Kwok-ki announced plans for a preselected list of qualified contractors, with poor performers facing removal after investigations.
Rapporterad av AI
Finance Secretary Frederick Go has affirmed full support for BIR reforms, including a temporary suspension of Letters of Authority (LOAs) and Mission Orders under Revenue Memorandum Circular 107-2025, as the agency addresses Senate concerns over audit abuses. This follows BIR Commissioner Charlito Martin Mendoza's announcement requiring his office's clearance for all LOAs, made during a December 11 Senate Blue Ribbon hearing.