Tuesday, 28th March, 2006
Government Data Security - the IPCC Case (28-Mar-06)
Webb-site.com editor David Webb blew the lid on a huge leak of data on complaints against the Police. More than two weeks on, the silence from the Government and IPCC offers no comfort to the victims, who could sue for injury to their feelings. We recount the discovery and call for an independent panel of inquiry into the bigger issue of data security across all HK Government organisations.
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Blackout on Receivables (24-Mar-06)
If you saw the lights dim recently, it was because the Stock Exchange scrapped a requirement for listed companies to disclose large accounts receivable, which could have warned investors about impending disaster. Dressed up as a "minor and housekeeping" rule amendment without consultation, the change is illustrative of the urgent need to increase investor representation on the Listing Committee, to produce pro-investor policy reform. And that's where HK needs your help.
Bubble Rap: Kanstar (24-Mar-06)
We renew our bubble warning on Kanstar Environmental Paper Products (8011), which is trading on a price/book ratio of 23.5 and barely made a profit last year.
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David M Webb