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Month: July 2023

Posted on 18/07/2023

Illegal drugs seized at Hong Kong airport surged by 80 per cent to 2.3 tonnes worth HK$970 million in first half of year, customs says

Customs officers at Hong Kong International Airport seized nearly 2.3 tonnes (2.5 tons) of illegal drugs discovered in cargo consignments and among passengers in the first half of this year, an ...

Posted on 18/07/2023

Think Business, Think Hong Kong Concluded Successfully

Over 2,000 Business Buyers From ASEAN Keen to Leverage Hong Kong Platform BANGKOK, - (NewMediaWire) - July 17, 2023 - (ACN Newswire)-Organised by the Hong Kong Trade Development Council (HKTDC), the ...

Posted on 18/07/2023

To put wind back in Hong Kong’s sails, youth outreach must go full speed ahead

The government's youth development blueprint is a good start and paints a positive picture ... to integrate the city's ethnic minorities into the wider population As Hong Kong grapples with steering ...

Posted on 18/07/2023

Brace for more mortgage pain as Hong Kong lenders seen lifting prime rates with the Fed odds-on to tighten policy again

Eleven of 13 analysts surveyed by the Post on Monday expect Hong Kong lenders to increase their prime rates by at least 12.5 basis points next week Higher borrowing costs will burden consumers with ...

Posted on 18/07/2023

Shock as Man Accidentally Books To Stay in One of Hong Kong’s ‘Coffin Homes’

The property that Wei shows in the video, which contains some expletives, is relatively luxurious compared to some of the permanent residents of other "coffin homes," who often have to share a bathroom with multiple other residents, and sometimes don't have a bed, and resemble a horizontal cupboard rather than a room.

Posted on 18/07/2023

Fifty years on, Bruce Lee’s legacy squares up to modern life in Hong Kong

Fifty years after the death of Bruce Lee, who galvanised the imaginations of generations of young people worldwide with feats of kung fu immortalised on screen, it sometimes seems as if his legacy of the martial art he practiced is fading in Hong Kong.

Posted on 18/07/2023

Alibaba-Backed AI Startup Megvii Revives Shanghai IPO Dreams

Ant Group and Taobao China Holding, two affiliates of e-commerce giant Alibaba Group Holding, hold a combined 29.4 percent stake in Megvii, according to the prospectus. But founders Yin Qi, Tang ...

Posted on 18/07/2023

Hong Kong’s hotel capital market to hit USD1b in 2023

Full recovery is expected by next year. Overall hotel supply in Hong Kong, according to JLL, is expected to remain relatively sluggish due to the current headwinds, including inflated construction ...

Posted on 17/07/2023

June Economic Data Released As Typhoon Talim Closes Hong Kong

Asian equities were mixed overnight, with Hong Kong unexpectedly closed due to Typhoon Talim.

Posted on 17/07/2023

Typhoon Talim sweeps south of Hong Kong, prompting schools, stock market to close

Flights, schools, ferries, and even the stock market in Hong Kong were closed Monday as the city braces for a typhoon expected to make landfall in the neighboring provinces of China.

Posted on 17/07/2023

Hong Kong seafood businesses prepares for Japanese import ban due to nuclear wastewater pollution

Hong Kong's government said the city plans on banning imports of Japanese aquatic products due to pollution caused by the damaged Fukushima nuclear plant.

Posted on 17/07/2023

Hong Kong schools and stock market are shuttered as Typhoon Talim sweeps to the south, toward China

About 1,000 villagers were affected and more than 50 needed to be evacuated, CCTV said. As Hong Kong, a key center for regional business and travel, braced for rainy and windy weather, more than 100 ...

Posted on 17/07/2023

Shock as Man Accidently Books To Stay in One of Hong Kong’s ‘Coffin Homes’

The housing that Wei shows in the video, which contains some expletives, is relatively luxurious compared to some of the permanent residents of other "coffin homes," who often have to share a bathroom with multiple other residents, and sometimes don't have a bed, and resemble a horizontal cupboard rather than a room.

Posted on 17/07/2023

Hong Kong Is Bullish on Crypto. Its Banks Aren’t So Sure.

Crypto CEOs used to talk about disrupting the financial system. Now some of them are struggling to find a bank.

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