It is budget time. In what has become an annual ritual, the financial secretary has urged the public to give him ideas for a good financial plan of action. And, Paul Chan Mo-po is right: this year, more than ever, he can afford to be bold and creative. ( read original story ...)
PNB Fraud: Hong Kong regulator seeks status report from Indian banks
MUMBAI: Hong Kong’s central bank, the Hong Kong Monetary Authority, has begun questioning branches of Indian banks located there about the developments involving the Rs 11,300-crore Punjab National Bank fraud, said two senior bank officials who did not ... ( read original story ...)
Cash handouts or infrastructure? Hong Kong politicians disagree on how next budget can help elderly
Hong Kong lawmakers across the political spectrum have urged the government to spend its massive surplus wisely in its coming budget blueprint by investing heavily in medical and elderly care infrastructure, which they say has failed the city’s seniors. ( read original story ...)
Hang Seng Bank set to report 16.5 per cent increase in net profit on Tuesday
Hang Seng Bank, Hong Kong’s third-largest bank by assets, is expected to report strong growth in its 2017 profit on Tuesday thanks to improved interest rate income, amid stronger profits for Hong Kong banks across the board. A poll of analysts conducted ... ( read original story ...)
Milk spas and manicures: A Hong Kong dog’s life
For Hong Kong poodle Cream, grooming goes way beyond a brush and toe-clip -- her deluxe once-a-month pampering includes lavender oxygen therapy and a milk bath. As the city welcomes the Year of the Dog, pet owners are pushing out the boat more than ever to ... ( read original story ...)
Hong Kong prosecutors ‘still not decided’ whether to charge CY Leung over HK$50 million UGL deal
At dispute this week was a TVB news report which quoted sources suggesting government ... from a private corporation during his term without any declaration, then Hong Kong’s integrity system is set to face a huge challenge,” he said. ( read original story ...)
Hong Kong directors buy more of their companies’ shares in Lunar New Year holiday week
Buying of shares in their own companies by Hong Kong directors surged during the holiday-shortened week of February 12 to 15, after falling for three straight weeks, while selling plunged, based on filings to the Hong Kong stock exchange. A total of 18 ... ( read original story ...)
Hong Kong election laws set for review in light of court ruling upholding ban on localist candidates
A review of Hong Kong’s electoral laws will be conducted in the wake of a recent court ruling which affirmed officials’ power to ban candidates from elections because of their political views, the city’s constitutional affairs chief said on Sunday. ( read original story ...)
Theft losses aboard Hong Kong-bound flights down 90 per cent as police tout fast reporting by passengers
In-air theft losses aboard Hong Kong-bound flights plunged nearly 90 per cent last year from the previous year, police said, crediting passengers with checking their belongings and reporting suspicions while still on the plane. The 2017 figures – seven ... ( read original story ...)
Intesa Sanpaolo SPA (HK) only foreign bank to be affected by PNB fraud (Lead correcting bank name)
New Delhi, Feb 17 (IANS) The only foreign bank affected in Nirav Modi/Mehul Choksi fraud case turns out to be Intesa Sanpaolo SPA whose Hong Kong branch was called upon to provide money to Gitanjali Gems against a foreign letter of credi (FLC) issued by ... ( read original story ...)
Hong Kong rings in Lunar New Year with dancers and dragons
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Hong Kong restaurants take a hit after Lunar New Year fireworks display called off as mark of respect for bus crash victims
Some Hong Kong businesses have taken a financial hit after the Lunar New Year fireworks were called off out of respect for victims of one of the city’s deadliest traffic accidents, a lawmaker said, as Hong Kong’s leader defended her decision to halt ... ( read original story ...)
Intesa Sanpaola SPA (HK) only foreign bank to be affected by PNB fraud
New Delhi, Feb 17 (IANS) The only foreign bank affected in Nirav Modi/Mehul Choksi fraud case turns out to be Intesa Sanpaolo SPA whose Hong Kong branch was called upon to provide money to Gitanjali Gems against a foreign letter of credi (FLC) issued by ... ( read original story ...)
Hong Kong Express expects six-month delay in Airbus A320neo delivery: memo
SINGAPORE (Reuters) - Hong Kong Express Airways Ltd expects at least a six-month delay in deliveries of new Airbus SE A320neo jets due to issues with engines made by Pratt & Whitney, according to an internal memo issued by the airline. The budget ... ( read original story ...)