22 Dec '11, 10pm

There is a need for government to be more active in setting regulations - to be used as a benchmark for prices in...

Some people argue that the government should not be involved in providing services, such as public transport, communication services or health care - that these services are better left to the market. There are two arguments for the government to be involved: Where the services are provided by large businesses with strong pricing power, such as in our public transport and communication services Where there is the need to set a benchmark for the prices - such as in health care In these cases, the government can play in regulating the prices and standard of service, to be used as a benchmark for special services to be provided by the private sector to serve special needs. For example, if the fare for travelling a certain distance on public transport is known, consumers can form a decision to pay a higher price to take taxis or other types of private transport. It would be be...

Full article: http://tankinlian.blogspot.com/2011/12/set-benchmark.html

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HK property prices "set to drop"

HK property prices "set to drop"

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