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Japan exports down for second straight month, weighed by US tariffs

Japan exports down for second straight month, weighed by US tariffs

The Standard6 days ago
Shipping containers are seen at a port in Tokyo, Japan, March 22, 2017. REUTERS/Issei Kato/File Photo GLOBAL BUSINESS WEEK AHEAD
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More support needed for proposed Hong Kong industrial port, lawmakers say
More support needed for proposed Hong Kong industrial port, lawmakers say

South China Morning Post

time6 hours ago

  • South China Morning Post

More support needed for proposed Hong Kong industrial port, lawmakers say

Hong Kong lawmakers have raised concerns about insufficient policy support for a proposed industrial port in western New Territories, with authorities saying more time is needed to draft comprehensive measures to attract leading companies to the city. Legislators shared their views on Tuesday after the Development Bureau revealed its proposal for a 301-hectare 'smart and green industrial port' in Lung Kwu Tan and Tuen Mun West last week. The project covers four growth sectors: green energy, advanced construction, circular economy and modern logistics. Deputy chairman of the legislature's development panel, Andrew Lam Siu-lo, urged the government to introduce policies and concepts for developing the four sectors. 'Today, we are talking about developing an industry park. I cannot see any measures for developing industries from the departments in charge,' said Lam, who is a planner by profession, at the panel's meeting. 'We are always using land planning to bring the development of industries forward ... If we continue to discuss it in this way, the same old problems will arise.' Some key challenges in promoting industry development are its long payback period and a lack of guaranteed tenants, which deters developers from taking part in the project, according to fellow legislator Wendy Hong Wen.

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