Saturday 23rd August 2008
Consumer Council's own-goal
In a spectacular own-goal against consumers, the Hong Kong Consumer Council has called for support of the "no-surcharge" rule for credit and charge cards, an anti-competitive rule which other countries have outlawed. It maintains higher consumer prices, boosts card issuers' profits, encourages consumer debt and distorts the payment system against cash and debit cards. It should be outlawed. (23-Aug-08)
RECENTLY ON WEBB-SITE.COM
Stop the .HK Takeover
Webb-site.com issues an urgent appeal to members of Hong Kong Internet Registration Corp, to attend the EGM on Saturday morning and prevent the unjustified Government takeover of the dot-HK domain registry. If User members vote to slash their own board representation, they will be surrendering democracy and opening the registry to potential political interference. (19-Aug-08)
PASS IT ON!
This free, no-spam newsletter goes to over 17,000 practitioners, issuers, regulators and investors in Hong Kong's markets. It's not-for-profit, so we depend on referrals. Invite a friend to subscribe!
Visit our archives, and do your homework before you invest.COPYRIGHT NOTICE
David M Webb