Latest news with #AndrewLam
CBC
4 days ago
- Business
- CBC
More funding needed for deeply affordable housing in N.S., researcher says
Over the last seven years, the federal government has provided hundreds of millions of dollars in loans and grants to build new housing in Nova Scotia. As Andrew Lam reports, a lot of the money came through a program that some say often doesn't create affordable housing.
CBC
29-07-2025
- Climate
- CBC
By 2100, Halifax could have summers like these cities
With climate change, Halifax summers could, by the end of the century, feel like those in communities hundreds of kilometres further south. Andrew Lam explains.
CBC
22-07-2025
- Business
- CBC
More homes needed to restore housing affordability: CMHC
The price of housing in Nova Scotia hasn't come back down to pre-pandemic levels. Now a report from the Canada Mortgage and Housing Corporation suggests the pace of housing construction in Nova Scotia needs to increase by more than double over the next decade to get there. Andrew Lam has the story.
South China Morning Post
24-06-2025
- Business
- South China Morning Post
How Hong Kong's IPO reforms are aiming to boost market stability and attract global investors
Hong Kong is rolling out sweeping capital market reforms, including improved IPO pricing mechanisms and a post-listing over-the-counter market. This is aimed at building on the city's success in becoming one of the world's leading IPO destinations in the first half of 2025 by number of listings and funds raised. The proposed updates, according to a summary published by lawyers Latham & Watkins, emerged from a HKEX consultation that ran through the second half of 2024. The resulting reforms are expected to take effect soon, but as it is, HKEX's revised IPO pricing is already yielding positive results. The new system empowers institutional and high-net-worth investors during the price discovery phase, leading to improved listing outcomes and post-listing stability, according to Andrew Lam, managing director of assurance at BDO Hong Kong. 'These professional investors can assist in arriving at an equitable and competitive IPO pricing,' Lam explained. 'They tend to be more medium- and long-term investors, which will enhance the post-IPO secondary market's trading and development.' Andrew Lam, managing director of assurance at BDO Hong Kong. Photo: Handout Hong Kong's average daily stock turnover for the first five months of the year surged from HK$110.2 billion (US$14 billion) in 2024 to HK$242.3 billion this year. 'This abundance of hot money and liquidity provides a favourable environment for IPOs,' said Lam. 'There are good quality stocks which have been listed and are in the pipeline for IPO. These are sizeable market leaders and household names. [They attract] large institutional and high-net-worth investors' interest, and vice versa.'
South China Morning Post
14-06-2025
- South China Morning Post
Should Hong Kong hit Redhill Peninsula homeowners with heavier fines for illegal works?
Hong Kong authorities should appeal against the 'light' penalties imposed on two property owners for erecting illegal structures at their luxury Redhill Peninsula homes, experts have said, warning that the fines are not hefty enough to deter offenders. The specialists weighed in after the two property owners were told to pay more than HK$110,000 (US$14,015) in total after admitting to carrying out unauthorised building works. Their convictions are the first among 30 prosecutions made against landlords of the estate in Tai Tam where rampant illegal structures were found. According to the Buildings Department, the two owners pleaded guilty to carrying out unauthorised building works at Eastern Court on Thursday, with one fined HK$30,000 and the other HK$82,980. Lawmaker Andrew Lam Siu-lo said the sentence, from the view of the public, failed to serve any deterrent effect given the widespread nature of unauthorised works at the estate, although no details had been released about the structures found at the two homes. 'This is not a good message sent to the public regarding the government's crackdown on illegal structures,' he said. 'It shows that no matter how severe the maximum penalty can be, in the end the sentence will be light.'
