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Month: March 2024

Posted on 09/03/2024

Unlike Singapore, Hong Kong would not be able to pay for Taylor Swift concerts with taxpayer funds without disclosing amount: ex-city leader CY Leung

I don’t think the Hong Kong government can get away with paying taxpayers’ money, whatever the cause is, without telling people how much,’ ex-city leader CY Leung says.

Posted on 09/03/2024

Security proposal raises concerns in Hong Kong

HONG KONG -- Hong Kong unveiled a proposed law that threatens life imprisonment for residents who "endanger national security" on Friday, deepening worries about erosion of the city's freedoms four ...

Posted on 09/03/2024

A cleaner finds 2 dead babies in glass bottles in a vacated Hong Kong apartment. Police arrest 2

HONG KONG (AP) — A cleaning person found two dead baby boys in glass bottles in the living room of a vacated apartment in Hong Kong, police said Saturday. A man and a woman, believed to be the parents ...

Posted on 09/03/2024

Hong Kong authorities urged to do more to explain proposed domestic security law, tackle concerns among international community

While acknowledging need to enact new legislation as a constitutional obligation, some experts also raised concerns about potential abuse of power.

Posted on 09/03/2024

Why Hong Kong’s property slump may be best time to focus on public housing

With one in two Hongkongers locked out of the property market despite falling prices, it's time to move towards the Singapore model of providing public housing for more people, not only the poor We ...

Posted on 09/03/2024

Hang Seng Bank joins HKMA’s Wholesale Central Bank Digital Currency Project

The project will expand the use of tokenised money in Hong Kong. Hang Seng Bank has joined the Wholesale Central Bank Digital Currency Project (wCBDC Project), an initiative by the Hong Kong Monetary ...

Posted on 09/03/2024

Stress and despair: new year, old wounds for Hong Kong bankers with IPO market in slump and windfalls elude investors

The environment is very stressful right now, particularly for young investment bankers, says Jerry Chang, a consultant at Barons & Co The landscape has shifted considerably since the last quarter, ...

Posted on 09/03/2024

At Leap 2024, Hong Kong start-ups and investors lay groundwork to tap future Saudi Arabia growth

Start-ups and investors say attending the Leap tech conference is about building relationships for a market seen as 'like China in the late 90s' Saudi Arabia is seen by some as a growth market where ...

Posted on 09/03/2024

Jon Rahm endures nightmare finish in Hong Kong to leave £3.1m LIV Golf payday in doubt

Jon Rahm once again looked in fine form at LIV Hong Kong on Friday but was left frustrated following his opening round after finishing with a triple-bogey seven at the 18th ...

Posted on 09/03/2024

Hong Kong unveils new national security law with tougher penalties

The Hong Kong government has unveiled a draft bill for new national security laws, known as Article 23, raising further concerns about diminishing freedoms in the city. About the bill: The proposed ...

Posted on 09/03/2024

Need to get landmark law right for sake of Hong Kong’s normal daily life

Despite rapid start to scrutiny of proposed Article 23 security legislation by lawmakers, there should be no compromise on making changes and improvements The process for passing Hong Kong's new ...

Posted on 09/03/2024

Hong Kong unveils new national security law with tough penalties

Authorities have proposed life imprisonment as the maximum penalty for treason, insurrection, sabotage endangering national security, and incitement of members of China's armed forces to mutiny.

Posted on 09/03/2024

Hong Kong’s finance chief rejects calls to legalise basketball betting

Financial Secretary responds to calls by several political parties for introduction of basketball betting to combat illegal gambling while increasing public revenue ...

Posted on 09/03/2024

New Hong Kong ‘national security’ bill proposes life sentences for treason, insurrection, mutiny

Hong Kong's government Friday proposed life sentences for treason, insurrection and mutiny under the new Safeguarding National Security Bill.

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