These are the new skill sets the accountants would need Eric Tong, HKICPA The HKICPA has been the regulator and industry body for all accountants in Hong Kong since its establishment in 1973, but it is losing power to the government-appointed Financial ... ( read original story ...)
Hong Kong must raise the value it places on water to tackle runaway consumption, Dutch envoy says
For Hong Kong, one of the world’s most intense users, it will require maintaining the quality of water coming out of taps, accounting for leakages in the supply system and investing in more sustainable ways of capturing and reusing water while reducing ... ( 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 nurses pushed to breaking point as city tackles winter flu season, union chief says
In a Hong Kong public hospital ward, overflowing with flu patients from the intensive care unit, nurses are unable to finish their daily work even if they “skip eating, resting, or going to the toilet”. This was the situation faced by a local nurse who ... ( read original story ...)
Property in Indonesia: Astra & Hongkong Land to Launch New Project
Astra International, one of Indonesia's largest diversified conglomerates, announced it will develop a luxurious residential apartment complex, called Arumaya, in South Jakarta in cooperation with Hongkong Land, a Hong Kong-based multinational property ... ( 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 ...)
China ‘still needs Hong Kong in its development’, says No 3 leader Zhang Dejiang
Hong Kong would continue to play a crucial role as China opens up economically, the country’s No 3 official said on Saturday, stressing that the central government would never forget the city’s “historic contribution” to the nation’s development. ( read original story ...)
Hong Kong has to bank on better ATM security
A surge estimated at HK$20 billion a month in suspicious ATM withdrawals in Hong Kong is attributed to a crackdown on money laundering in Macau. Authorities in the gambling city drove out organised ATM withdrawal gangs by upgrading security. The operations ... ( 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 ...)
Profit growth at Hong Kong banks nearly doubles in 2017, says HKMA
according to the Hong Kong Monetary Authority, the city’s de facto central bank and banking regulator. The banks meted out more loans last year, which grew 16.1 per cent from 2016, and earned higher margins. Their net interest margin – the difference ... ( read original story ...)
Hong Kong ‘Umbrella Movement’ nominated for Nobel prize
Three Hong Kong activists and the pro-democracy group behind the Umbrella Movement have been nominated for the 2018 Nobel Peace Prize for their role in pushing for reform in the Chinese territory. Joshua Wong, Nathan Law and Alex Chow, as well as the ... ( read original story ...)
Hong Kong stocks fall for a second day as Chinese banks retreat
Chinese banks and other big caps led the losers, with China Construction Bank declining 2.85 per cent ... The sell-off in Hong Kong stocks entered a second day after the Hang Seng Index had risen to a record close of 16 times so far this year. ( read original story ...)
Australia’s Entersoft Named Fintech Startup of the Year & Outstanding Application Security Solutions Provider at the 2018 Fintech Awards
Founded in 2013, Entersoft describes itself as an application security startup with a philosophy of Security By ... in countries such as Singapore, Hong Kong, Israel and Australia. The company also reported that this is not the first time it has achieved ... ( read original story ...)
Operator of Okashi Land stores to open unmanned outlet in China with start-up partner EasyGo
Hong Kong-listed Four Seas Group, the operator of the popular Okashi Land confectionery stores in the city, is hitching on the emerging unmanned stores bandwagon in China to expand its reach, according to its partner. EasyGo, a Guangzhou-based start-up ... ( read original story ...)