The key role Hong Kong and Guangdong play in the international crystal meth business was highlighted yesterday when a man from the city appeared in an Auckland court to face charges related to one of New Zealand’s biggest ever drug busts. The 20-year ... ( read original story ...)
Cut back on the tissue: Hong Kong trio hopes handkerchiefs made from leftover factory fabric can curb wastage
A Hong Kong trio is hoping to wipe away two waste problems in one go – with the handkerchief. In order to reduce the copious amounts of tissue paper used by people in the city, The Chief Project, a business led by three individuals, sources leftover ... ( read original story ...)
Govt signs off more slots for China flights
Although Hong Kong was not part of the agreements with China, more growth is looming with Hong Kong Airlines about to start daily services and Cathay Pacific stepping up capacity with a new plane and an additional aircraft over summer. Bridges said there ... ( read original story ...)
Cathay Pacific's Auckland landing means more competition
Cathay had dropped some business class seats to less than $3500 return to Europe to promote the flight. The airline has 48 A350XWBs on order, with six delivered already. They are particularly well-suited to the narrow, thin routes such as Hong Kong to ... ( read original story ...)
Hong Kong team wins silver medal at ‘Bionic Olympics’ with innovative wheelchair design
A group of undergraduate students and faculty members at the Hong Kong University of Science and Technology developed the wheelchair in less than eight months. At the Cybathlon contest, held in Zurich, the multifunctional wheelchair helped Ng navigate ... ( read original story ...)
Finance, wealth and … slavery? Hong Kong one of Asia’s worst for forced labour
Hong Kong, a city commonly associated with finance and wealth, has one of the highest proportions of people enslaved across Asia, a new report has found. At least 29,500 people out of a population of more than seven million are trapped in modern slavery in ... ( read original story ...)
UBS Is Under Investigation in Hong Kong Over Its I.P.O. Work
HONG KONG — UBS, the Swiss bank, could face fines or suspensions from working on deals in Hong Kong as a result of an investigation by regulators in the city. UBS said on Thursday that it had been notified this month that the Securities and Futures ... ( read original story ...)
Hong Kong parking space breaks price record at £510,000
"We are already used to this kind of news. Every day we learnt about expensive things that break records from the media. But labour cost is only increasing at the speed of a tortoise," said Gary Lo. Ed Lau wrote: "How ridiculous can Hong Kong be? ( read original story ...)
Hong Kong stocks end morning lower before slew of bank earnings
Hong Kong stocks finished lower on Friday morning, as investors cautiously awaited a slew of earnings results from Chinese banks. The Hang Seng Index dropped 0.43 per ... with ICBC slipping 0.42 per cent, Bank of Communications down 0.3 per cent, and ... ( read original story ...)
BOC Hong Kong : BOCHK 9-month opg profit before impairment up 2%
HK$22,336 million, an increase of 2% over the same period last year. For the third quarter of 2016, the operating profit before impairment allowances dropped 10.5% quarter-on-quarter to HK$7,411 million. Net operating income before impairment allowances ... ( read original story ...)
BOC Hong Kong : net up 2.48pc but bad loans soar
Bank of China (3988) said net profit rose 2.48 percent year-on-year to 134.81 billion yuan (HK$154.35 billion) in the first nine months of this year, despite weaker profitability and rising bad loans. The net interest margin, a measure of banks ... ( read original story ...)
BOC Hong Kong : January-September Operating Profit Before Impairment Up 2.0% on Year at HK$22.34 Billion
HONG KONG--BOC Hong Kong (Holdings) Ltd. (>> BOC Hong Kong (Holdings) Ltd) said late Wednesday its operating profit before impairment allowances for the January-September period rose 2% from a year earlier to 22.34 billion Hong Kong dollars (US$2.88 ... ( read original story ...)
Hong Kong regulator probes UBS's role as sponsor of certain IPOs
HONG KONG Swiss bank UBS (UBSG.S) said Hong Kong's securities regulator is investigating its role as sponsor of certain unnamed stock market listings in the city, with the intention to start unspecified action against the bank and some of its employees. ( read original story ...)
Hong Kong regulators probe UBS on initial public offerings
HONG KONG - Swiss bank UBS said Friday that Hong Kong regulators are investigating its work on some initial public offerings on the southern Chinese financial centre's stock market. UBS also said that the city's Securities and Futures Commission notified ... ( read original story ...)