First Group and Hong Kong-based MTR will take over the South West Trains franchise from Stagecoach on 20 August. The Waterloo work will culminate over the August bank holiday weekend, when it will be one of a number of large projects being carried out. ( read original story ...)
How drug syndicates laundered $44 million through CBA
The AFP pressured the bank to escalate their request for documents "to the highest priority at CBA" noting $21 million had been laundered by the syndicate and five people arrested, including three in Hong Kong. The bank agreed to close the accounts ... ( read original story ...)
Why Hong Kong tycoon Li Ka-shing is setting his sights outside the region
CKP has made over HK$100 billion of investments over the years, he noted, adding that it had plenty of land in the mainland. Still, according to its results filing, its development land bank on the mainland had shrunk to 114 million square feet by June 30 ... ( read original story ...)
Water Aid Ghana inaugurates project at Abokyikrom
He said more than 150,000 people have been able to access safe water whilst 90,000 others have access to sanitation facilities through the Hongkong Shanghai Banking Corporation Water Programme implemented in five district including the Birim North and ... ( read original story ...)
TasWeekend: In step and on the same page
The couple’s love of Asian furniture speaks to their various trips through Brunei, Singapore, Vietnam, Macau, Indonesia, The Philippines and, for Chris, years spent working in newspapers and banking in Hong Kong. Somewhere along the way, Lucinda became a ... ( read original story ...)
Hong Kong Startup 300cubits Launches TEU Tokens to Revolutionize the Shipping Industry
The Hong Kong-based startup is going to replace US dollars with digital currency, aiming to ensure security in the container shipping industry. 300 Cubits has introduced a new industry-specific cryptocurrency, called TEU, that can be used as a deposit for ... ( read original story ...)
What it means when Li Ka-shing’s property flagship becomes Cheung Kong Asset
Li Ka-shing’s strategy to reinvest his lofty returns from Hong Kong and mainland China property investments into stable cash-generating assets in western developed countries is a long known open secret. What has caught some by surprise is the pace and ... ( read original story ...)
China’s Country Garden says it’s back on track in Malaysia. Is it?
Yu said the new deals emphasised just how Malaysia and the Iskandar development region – where Forest City is sited – stood to gain from the private-property venture. The Iskandar zone is three times the size of Hong Kong and has drawn in billions of ... ( read original story ...)
Vision in a time of turbulence: Lessons for a post-Brexit Britain from Hong Kong
This has yet to generate notable ripple effects in Hong Kong, however, with the property market remaining, for the time being, robust and rosy-cheeked. It is even possible that Brexit may offer some solid opportunities for Hong Kong. Richard Graham ... ( read original story ...)
Buyer of Peninsula Hotels stake tries pre-empting takeover talk
HONG KONG -- Hongkong and Shanghai Hotels' new second-largest shareholder ... Underlying profit -- calculated by subtracting the after-tax effects of property revaluation and other items -- rose 19% to HK$181 million. ( read original story ...)
Optimism about a new pact
It also touches on trade in services, investment, intellectual property rights, dispute settlements, horizontal and institutional issues, economic and technical cooperation, and other areas of interest to be mutually agreed upon. In 2015, Hong Kong was ... ( read original story ...)
Hong Kong landlord to build millennial-friendly offices with running track
(Photo by Jennifer Lo) With more than half of its revenue coming from retail, Hysan's turnover was up modestly by 1.8% to 1.79 billion Hong Kong dollars ($230 million) in the first six months of this year. Its underlying profit, excluding gains on property ... ( read original story ...)
Hot Property: Wait for it
But a Yohai-controlled company that owns the property filed for bankruptcy protection in December, imperiling the venture. Pushed out by high rental prices in Hong Kong, more people are living in tiny illegally subdivided apartments. Nationalgeographic.com ... ( read original story ...)
The conglomerate that troubles China
Another dead end: an apartment that Guan listed as his address in Hong Kong filings. The current tenant ... operator CWT Ltd and the initial public offering of an HNA backed property trust are facing delays, according to people familiar with the matter. ( read original story ...)