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Hong Kong Today
Hong Kong Today
Description:
RTHK's morning news programme. Weekdays 6:30 - 8:00
Presenter:
Mike Weeks and Ian Pooler

2018-02-26
Monday

Now playing: 足本播放 Play full episode
Selected audio segments:
Xi Jinping, ‘president for life’   Listenfacebook
The Communist Party is proposing the elimination of presidential term limits, paving the way for Xi Jinping to remain as head of state beyond 2023. The party's Central Committee has suggested removing from the Constitution a clause that says the China's president and vice-president should serve no more than two consecutive terms. Xi became president in 2013. The proposal will almost certainly be accepted by the National People's Congress when it sites for its annual session next month. China analyst Mark O'Neill told Damon Pang the proposal comes as no surprise:
Government urged to ‘spend wisely’ in budget   Listenfacebook
This Wednesday, Paul Chan will unveil the first budget of Carrie Lam's administration; and the Financial Secretary is expected to have an embarrassment of riches to deal with. Predictions are that the government will have taken in over HK$150 billion more than it spent this financial year. Some have called for the money to be given back to the public in the form of a cash handout; while others are urging it to make better provisions for Hong Kong's rapidly aging population; to help tackle inter-generational poverty; or to improve the public hospital system, which is currently bursting at the seams. Paul Yip is a professor at the University of Hong Kong's Department of Social Work and Social Administration. Mike Weeks asked him what he’d like to see in the budget:
Space for the elderly may be included in land-sale conditions   Listenfacebook
The Welfare Secretary, Law Chi-kwong, admits that plans to build subsidised elderly homes have failed to keep up with demand. He said there's a need to build seven each year, but right now fewer than three are in the pipeline. Law wrote on his weekly blog that officials will do all they can to find space for such facilities, adding that the administration is considering making this mandatory in its land-sale conditions. Labour Party lawmaker Fernando Cheung says he hopes the difficulty in developing elderly homes doesn't mean officials continue to sit on their hands. He spoke to Damon Pang:
KMB to hold talks on pay dispute   Listenfacebook
KMB and a bus drivers' union are set to hold key talks on Monday to try to resolve a pay dispute. The beleaguered bus firm is also facing calls to improve a new salary structure even though it says that has the support of a majority of its staff. Candice Wong reports:
Buffett's Berkshire Hathaway gets a big tax boost  Listenfacebook
Warren Buffett got right to the point in his folksy and blunt annual letter this year to investors, highlighting a US$29 billion tax gain for his Berkshire Hathaway company. In 2017, Berkshire saw its net worth grow by more than US$65 billion, boosting its per share book value by 23 percent. But Buffett noted that only US$36 billion came from Berkshire’s business operations. He said the remaining US$29 billion "was delivered when Congress rewrote the U.S. Tax Code" in December. RTHK's Washington-based international economics correspondent, Barry Wood, has been going through Buffet's annual letter. Mike Weeks asked him, if by highlighting this, the so-called Sage of Omaha was being critical of the tax cuts: