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Month: August 2023

Posted on 12/08/2023

Hong Kong police arrest 10 for conspiracy to collude with foreign forces

The Hong Kong Police Force arrested four men and six women on Thursday for suspected “conspiracy to collusion with a foreign country or with external elements to endanger national security” and ...

Posted on 12/08/2023

Chinese property giant Country Garden warns of $7.6 billion loss as it nears default

One of China’s biggest property developers says it has burned through up to $7.6 billion in the first half of the year, compounding the crisis coursing through the country’s embattled real estate ...

Posted on 12/08/2023

Hozon steps up plans to develop right-hand drive Neta electric cars in Indonesia as it pushes ahead with its Hong Kong stock sale

Hozon New Energy Automobile said it would step up its plan to develop a right-hand drive electric vehicle with its Indonesian partner in Southeast Asia as it prepares to raise capital through an ...

Posted on 12/08/2023

Former Hong Kong policeman facing HK$450,000 claim over occupying government flat for 2½ years after retirement

Department of Justice has accused Kelvin Pong of refusing to hand over possession of the premises despite a deadline for moving out being pushed back by 13 months.

Posted on 12/08/2023

Hong Kong stocks head for second weekly loss on China property woes and slowdown concerns; Country Garden set to turn into penny stock

Chinese developers drag Hang Seng Index lower after Country Garden forecasts first-half loss of as much as US$7.6 billion. The Foshan-based home builder in on course to close below HK$1 for the first ...

Posted on 12/08/2023

Hong Kong taxi drivers, operators rally to demand authorities step up action against illegal ride-hailing services such as Uber

More than 100 taxi drivers and owners gather outside Legislative Council for rally They also complain that 'astronomical' insurance costs are driving them out of business More than 100 Hong Kong ...

Posted on 11/08/2023

Hong Kong economic growth slows to 1.5% in Q2, gradual recovery seen

Hong Kong's economy grew 1.5% in the second quarter from a year ago, slowing from 2.9% in the first quarter as demand for exports weakened and investment spending fell, official seasonally-adjusted data showed on Friday.

Posted on 11/08/2023

Chinese property giant Country Garden flags loss of up to $7.6 billion as it nears default

One of China’s biggest property developers says it has burned through up to $7.6 billion in the first half of the year, compounding the crisis coursing through the country’s embattled real estate ...

Posted on 11/08/2023

Deflated Tom Group Mired In Losses 23 Years After Splashy Debut

Tom Group returned to the red in the first half of this year, after posting its first annual profit last year since 2018 •     The company earns most of its revenue from a Taiwan publishing unit, and ...

Posted on 11/08/2023

Indonesian consulate in Hong Kong says policy talks on hiring domestic helpers should take place between governments, after agency’s fee hike claim

Comments follow labour minister Chris Sun statement that arrangement for hiring helpers from Jakarta ‘remained the same’.

Posted on 11/08/2023

Hong Kong Foreclosures Surge Most in Five Years, Centaline Says

Hong Kong July foreclosures surged the most in more than five years, as higher rates pinched homeowners’ ability to pay mortgages, according to Centaline Property Agency Co.

Posted on 11/08/2023

Hong Kong ‘strongly rejects and disapproves’ of new US policy to limit investment in China tech

The Hong Kong government has said it “strongly rejects and disapproves” of a new US policy to limit investment in Chinese technology. The comment came after US President Joe Biden announced on Wednesday that he had signed an executive order restricting some US investment in China in sensitive high-tech areas such as artificial intelligence,

Posted on 11/08/2023

Chinese University of Hong Kong head Rocky Tuan out of sight, but at the centre of storm over council reforms

Lawmakers press ahead with bill to shake up CUHK council, disregarding changes endorsed by universitySome say it is time for controversial vice-chancellor to go, but lawmakers deny targeting him perso

Posted on 11/08/2023

Muslim Council of Hong Kong pledges surveillance cameras, code of conduct after student requires eye surgery following alleged slap by teacher

The Muslim Council of Hong Kong has pledged to install surveillance cameras and introduce a code of conduct to prevent abuse in religious classes after a 13-year-old student was allegedly slapped by his teacher and required a six-hour eye surgery.

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