Diesel subsidies / Formula 1 in Hainan? / North Tsing Yi underground quarry

On this programme, we checked how the Iran war is impacting Hong Kong. With oil pricing surging, lawmakers have approved a $1.8 billion dollar relief package to help businesses cope with rising fuel costs. Starting later this month, diesel-powered commercial vehicles and vessels will receive a HK$3-per-litre subsidy for a period of two months. We heard from representatives across sectors to get their thoughts on the move.

After the break, we brought you the latest in Formula 1 as Hainan’s local government signalled its intention to bring the race to the southern island, after it unveiled development plans aimed at securing the motorsport’s premier event for the province.

And to wrap up the show, we talked to an engineer as authorities move forward with plans to develop an underground quarry in North Tsing Yi, scheduled for commission in 2028.

9:05am-9:30am: Diesel subsidies

Speakers:

Anthony Lam, Chairman of the Federation of Hong Kong Industries

Willy Lin, Honorary Chairman of the Hong Kong Shippers' Council

Peter Yung, Spokesman of the Hong Kong Taxi and Public Light Bus Association

9:32am-9:47am: Formula 1 in Hainan?

Speaker:

Nick Marsh, former racing driver and team owner

9:47am-10:00am: North Tsing Yi underground quarry

Speaker:

Leung Yat-fai, Spokesperson of the Geotechnical Division of the Hong Kong Institution of Engineers