Hong Kong government proposes raising bond programme borrowing ceiling from HK$700 billion to HK$900 billion for infrastructure projects
In a significant move to bolster infrastructure development, the Hong Kong government has proposed raising its borrowing ceiling for bond programmes from HK$700 billion to HK$900 billion (approximately US$115 billion). This proposal was announced by Andrew Lai Chi-wah, the permanent secretary for financial services and the treasury, during a Legislative Council subcommittee meeting on Thursday. Officials have stated that the increased borrowing cap would sufficiently cover funding for infrastructure projects over the next three years. Lai reassured lawmakers, including Robert Lee Wai-Wang, about the adequacy of the new limit to support projects unless "significant and unforeseen events" arise. The proposal... [Continue Reading]
360LiveNews | 09 Apr 2026 15:55
Heavy rainfall in Dagestan causes dam failure, resulting in three deaths and evacuation of 4,000 residents
Heavy rainfall has wreaked chaos in the Dagestan region of Russia, leading to the deaths of three individuals and the evacuation of approximately 4,000 residents following the catastrophic failure of a dam wall. The incident, reported by the Civil Protection Ministry, highlights the severe impact of prolonged adverse weather conditions affecting the area. Eyewitness footage shows dramatic scenes of entire buildings submerging in water, underscoring the gravity of the natural disaster. Among the casualties were a woman and her daughter, identified as a child, whose bodies were recovered from the floodwaters. Authorities are also reporting another fatality linked to a... [Continue Reading]
360LiveNews | 06 Apr 2026 11:09
