Hong Kong’s justice minister did not reveal if she had discussed with state officials the enactment of a controversial national security law as she wrapped up her first duty visit to Beijing on Sunday. Secretary for Justice Teresa Cheng Yeuk-wah said the ... ( read original story ...)
Will Hong Kong’s ‘big debate’ on land supply end up as just another talking shop?
But recently, a woman’s story of how Hong Kong’s housing crunch had forced her into a cubicle home in an industrial building tugged at his heartstrings, and underscored how public policy could transform lives. The woman, who looked middle-aged ... ( read original story ...)
The world’s most famous tailor has followed one simple plan that has grown his tiny Hong Kong shop from a small business into a global brand
Roshan Melwani is the third-generation proprietor of Sam's Tailor, a family-owned small business started by his grandfather Naraindas "Sam" Melwani in 1957. Sam's Tailor has become world famous for the stylish bespoke suits and clothing it has made for ... ( read original story ...)
Philanthropic assets can grow by half if Hong Kong relaxes taxation cap
Hong Kong’s philanthropic assets can grow by about half if the city relaxes its tax deduction cap, which at 35 per cent is lower than the US and Singapore. And if the tax incentives were put in place, Hong Kong’s assets could account for a higher ... ( read original story ...)
Hong Kong housing protests grow as Labour Party demands seizure of city’s most exclusive golf club
Protesters were back out in force outside of Hong Kong’s most exclusive golf club on Sunday, demanding the government take back control of the 170-hectare property and build houses on it. Two days after a Labour Party member was assaulted by a golfer ... ( read original story ...)
Is there a better way to manage Hong Kong’s iconic, centuries-old stone wall trees?
Landscaping officials are studying the safety and structure of Hong Kong’s iconic stone wall trees in the hopes of finding a new way to manage them. Typically banyans and many centuries old, the trees are common across the city and often get seeded in ... ( read original story ...)
Hong Kong’s biggest headache is not only finding land, but also building affordable housing
Now comes a massive, citywide consultation on where and how to find land. The sky is the limit for runaway property prices in Hong Kong. To make matters worse, while building micro flats has become the new trend under the excuse of making housing more ... ( read original story ...)
Hong Kong’s monetary authority should raise interest rates now to buffer the market – while it can
After 1997, Hong Kong’s property price dove by 75 per cent over the following six years. The political pressure forced the government to contract supply, which massively exaggerated the subsequent upcycle, causing political pressure on the other end. ( read original story ...)
STX Entertainment Starts Hong Kong IPO Process
It will become the first U.S. entertainment company to be listed in Hong Kong. Burbank-headquartered STX Entertainment has submitted preliminary paperwork for its planned initial public offering on the Hong Kong Stock Exchange in the form of a draft ... ( read original story ...)
How govt can boost startup ecosystem (other than by splurging)
Amid the startup boom, governments around the world are thinking of ways to boost innovation and technology in their respective territories. In Hong Kong, the government has allocated HK$50 billion for the purpose. The Hong Kong Economic Journal recently ... ( read original story ...)
Revealed: number of suspicious financial transactions in Hong Kong more than quadruples in six years
Hong Kong’s financial system is groaning under a deluge of tens of thousands of suspicious financial transaction reports, the number of which has more than quadrupled over the past six years. In 2017 the Joint Financial Intelligence Unit – which acts ... ( read original story ...)
After last year’s snooze-fest, can a firing Fiji give Singapore Sevens the Hong Kong buzz it’s never had?
Spending a weekend at last year’s Singapore Sevens just days after feeling the full force of the Cathay Pacific/HSBC Hong Kong Sevens was like the night I had to work behind the bar during my mate’s buck’s party. I was present, it wasn’t ... ( read original story ...)
Hong Kong arm-wrestling chief is going from strength to strength after starting with nothing
Every Tuesday and Saturday Hong Kong student Tommy Kwong Tze-man goes to the gym and pulls weights, lifts dumbbells and does leg presses – and gets a little closer to his dream. The visits to Optimum Performance Studio in Tsim Sha Tsui are part of his ... ( read original story ...)
Hong Kong warms to solar power but how many people can afford rooftop panels — or even a roof?
While fossil fuels serve more than 70 per cent of Hong Kong’s energy needs, a village house in Tai Po may hold the key to a sustainable future for a city notorious for excessive consumption. Eddie Chan Wai-lai, 61, built his own home solar power system ... ( read original story ...)