Alor Setar (Malaysia): Olympic silver-medallist PV Sindhu led the women's team to a thrilling 3-2 win over Hong Kong while the men's side routed Philippines 5-0 as India made a positive start in the Asia badminton Team Championship here on Tuesday. ( read original story ...)
Hong Kong banks’ efforts against money laundering to face scrutiny as global regulator’s visit looms
and the Gupta family business organisation. The looming inspection would also see the regulators looking at their own policies and measures, according to one lawyer. “In the build up to the FATF’s inspection, the Hong Kong regulators are likely to ... ( read original story ...)
Hong Kong manhunt launched as 27 shipping containers carrying HK$23 million in frozen beef go missing
The citywide manhunt started on Monday night after police received a report from the suspect’s two business partners – two mainland ... Tuen Mun to check where the shipment was stored in Hong Kong. The pair called police at 6.30pm on Monday after ... ( read original story ...)
New financing platform energizes Hong Kong startup scene
Can you imagine what Hong Kong will look like 10 or 20 years from now? By that time, can we still rely on the four major industries currently accounting for nearly 60 percent of GDP – trading and logistics, tourism, financial services, and professional ... ( read original story ...)
Telco regulator confirms Hong Kong mobile numbers will soon start with ‘unlucky’ digit 4
Hong Kong’s mobile phone operators will soon begin issuing numbers starting with the “unlucky” digit 4 and the “lucky” digit 8, although they are so far keeping mum about how they will market these numbers to consumers who are both superstitious ... ( read original story ...)
Tesla Threatens To Pull Out Of Hong Kong Over EV Incentives
Tesla is considering curbing its presence in Hong Kong if the city’s authorities don’t start offering EV buyers more incentives, a source close to the company told South China Morning Post. Last year, the daily notes, Hong Kong’s chief executive ... ( read original story ...)
Eskom’s Sean Maritz faces suspension over McKinsey contract
It has recently emerged that Maritz signed a letter to consultancy firm McKinsey saying that the company’s R1 ... He also allegedly signed off on a R400 million payment to a Hong Kong bank account. ( read original story ...)
Hong Kong’s MPF gains most in almost two years with 4.35 per cent return in January
Hong Kong’s Mandatory Provident Fund has achieved its highest monthly return in almost two years, with a 4.35 per cent gain in January. It was the 13th consecutive month of gains for the compulsory retirement plan that covers 2.8 million employees and ... ( read original story ...)
Ivory trade banned in Hong Kong by 2021
A month after China shut down all of its ivory markets on the mainland, Hong Kong has implemented a plan to phase out its own ivory trade over the next three years. Ivory seized in London after it was smuggled from Nigeria to importers in Hong Kong and China. ( read original story ...)
Will the introduction of dual-class shares in Hong Kong boost Chinese tech shares listed in US?
Tobias Bland said that thanks to the impending launch of the weighted voting right governance structure by Hong Kong Exchanges and Clearing, he expected several Chinese technology “marquee players” – smartphone giant Xiaomi as well as leading fintech ... ( read original story ...)
Tesla ready to put brakes on Hong Kong business if city refuses to promote use of electric cars
American electric car maker Tesla is prepared to downsize its operations in Hong Kong if the government does not give residents incentives to buy battery-powered cars in its upcoming budget announcement, a source close to the company told the Post. ( read original story ...)
Carrie Lam has squandered her good start as Hong Kong chief executive with recent missteps
It has been reported that Huang Lanfa, a deputy director of the central government’s liaison office in Hong Kong, has praised Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor for having got off to a good start since taking office. Well, technically ... ( read original story ...)
Hong Kong stocks fall on Friday, posting the biggest weekly loss in two months
Hong Kong stocks posted their biggest weekly loss in two months on Friday, closing lower than the previous session. Mainland stocks rose for the first time this week, but still logged their steepest drop since December 2016. The benchmark Hang Seng Index ... ( read original story ...)
Hong Kong trumps Singapore again to be world’s freest economy for 24th year straight, US think tank says
Hong Kong scored high in the four areas taken into account by the index: rule of law, government size, regulatory efficiency, and open markets. A lower incidence of corruption and decrease in business registration fees lifted its overall score by 0.4 this ... ( read original story ...)