No.3  June, 2009  
   
  The task force on economic challenges has proposed a host of measures to boost the development of six industries in which Hong Kong has an edge.

Speaking after the group's final meeting on June 22, Chief Executive Donald Tsang said the Government should play a key role in helping the industries develop.

On education, he said two sites in the urban areas will be reserved for private tertiary education purposes. The details will be announced by the end of this year.

Four sites will be earmarked for private hospital development and the Government will invite expressions of interest by the end of this year.
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  Financial Secretary John Tsang has unveiled a new round of relief measures to combat the effects of the global financial crisis.

Announced on May 26, the measures will cost the Government HK$16.8 billion (around A$2.8 billion), bringing the total stimulus package since last year's Budget to HK$87.6 billion (around A$14.6 billion), or 5.2% of GDP.

Mr Tsang described the measures as "simple and direct" and "targeted, timely and effective", with some an enhancement of the relief measures announced in his 2009-10 Budget.
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  The 200-day countdown has begun for the 2009 East Asian Games (EAG), to be held in Hong Kong from December 5-13. More than 3,000 athletes from nine countries will compete in the biggest ever EAG – the largest sporting event to ever be held in Hong Kong.

A record 281 gold medals will be up for grabs, with the best athletes from China, Democratic People's Republic of Korea, Hong Kong, Japan, Korea, Macao, Mongolia, Chinese Taipei and Guam taking part. The record 23 featured sports include seven making their debut, with more than 1,700 competition events at 21 venues. More than 200,000 spectators are expected to attend.
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  The Hong Kong Economic and Trade Office (HKETO) celebrated the premiere of Red Cliff on June 9 as part of the Sydney Film Festival, welcoming the visit of its director, leading Hong Kong film maestro John Woo.

Speaking at a reception before some 250 guests, the Director of HKETO, Ms Lorna Wong, said the screening of Red Cliff brought the best of Hong Kong cinema to a Sydney audience.
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