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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.

Posted on 11/08/2023

Home rents in Hong Kong climb to 18-month high as students and professionals return while interest rates deter buyers

Rents increased 1.15 per cent in July, according to Centaline's Centa-City Rental Index, which tracks 138 housing estates across the city The index could climb by another 1.74 per cent in the third ...

Posted on 11/08/2023

Hong Kong 47: Activist tells court he would have voted down budget if it did not address protesters’ five demands

Hong Kong activist Owen Chow, one of the 47 pro-democracy figures charged with conspiracy to commit subversion, has said at a high-profile national security trial that he would vote against the government’s annual budget if it did not include content addressing the five demands put forward by protesters during the 2019 extradition bill unrest.

Posted on 11/08/2023

Hong Kong cruise terminal operator rejects shopper-friendly revamp, stresses role as home port for ships

Worldwide Cruise Terminals says primary purpose of Kai Tak facility is as a home port and temporary stop for boarding, disembarking passengers 'People are travelling with their families and suitcases,

Posted on 11/08/2023

Hong Kong government calls US investment ban on Chinese tech ‘unreasonable’, but experts divided over effect on city’s start-ups

US President Joe Biden orders restriction on American investment in Chinese technology across three areas While ban applies to Hong Kong, most local start-ups are not operating in targeted areas, but ...

Posted on 10/08/2023

Hong Kong arrests 10 for their alleged involvement in overseas donations meant to support fleeing dissidents

A dozen people were arrested in Hong Kong for allegedly helping overseas activists receive donations to financially support dissidents fleeing from the island.

Posted on 10/08/2023

Silencing retailers? Hong Kong environmental authorities’ proposed ban on loudspeakers has hawkers worried

Retailers competing for business turn up volume to attract customers and cause noise pollution, environment protection officer says Proposed ban would not cover news on outdoor screens, food trucks ...

Posted on 10/08/2023

Hong Kong tutoring company Brilliant Education sued for HK$1.88 million over unpaid rent at branch, as financial woes mount

Link Properties accuses tutoring centre chain Brilliant Education of defaulting on rent and surcharge payments for up to six months at its Ho Man Tin branch Private tutoring company abruptly closed ...

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