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MTR surcharge to cease in 14
A 10-cent surcharge the MTR Corporation Limited collects for each rail journey taken using an Octopus card to cover the cost of installing platform safety equipment is expected to stop next year, Secretary for Transport & Housing Prof Anthony Cheung says.In reply to a lawmaker's query, Prof Cheung said platform screen doors or automatic platform gates can ensure passengers' safety ...
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Stricter rules set for beauty clinics Health chief
The regulatory framework of high-risk medical procedures needs to be reviewed, to better protect public health, Secretary for Food & Health Dr Ko Wing-man says.In response to a question in the Legislative Council today, Dr Ko said the Department of Health has worked with Customs officers and the Consumer Council since October 2012 to screen beauty service advertisements and exchange ...
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4 arrested in illicit cigarette haul
Customs officers have arrested four men after seizing 120,000 illicit cigarettes in Yuen Long worth $300,000, and with a duty potential of $200,000.Officers raided a storehouse on Tai Shu Ha Road West today and found the cigarettes.The arrested men are aged 30 to ...
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Interest rate rises to 0.26
The composite interest rate increased by one basis point to 0.26% at the end of May, from 0.25% at the end of April.The Monetary Authority said the rise reflected increases in the weighted funding cost for both deposits and interbank funds.The composite interest rate is a measure of the average cost of funds of banks.Data from retail banks, which account for about 90% of the total ...
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2022 labour forecast underway
The Government is conducting a new round of the Manpower Projection exercise using 2012 as the base year for forecasting labour supply and requirements up to 2022, Secretary for Labour & Welfare Matthew Cheung says.Its findings will be released by the first quarter of next year.Mr Cheung told lawmakers today the projection to 2018 published last year foresees a slight shortfall in the ...
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CE meets Hunan Governor
Chief Executive CY Leung met Hunan Governor Du Jiahao at Government House today.Mr Du is in town to attend the Hunan (Hong Kong) Investment & Trade Promotion Week.Mr Leung told him Hong Kong has a large pool of talent and rich management experience in the financial and service sectors, and can help Hunan attract investors.He said economic ties between Hong Kong and the province have grown ...
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Welfare cases fall 0.3
The Overall Comprehensive Social Security Assistance caseload stood at 266,510 in May, with a total of 412,220 recipients, the Social Welfare Department announced today.Compared to April, there was a reduction of 696 cases, or a drop of 0.3%.Low earnings and unemployment cases registered month-to-month decreases of 1.3% and 0.9% to 9,724 and 22,925 cases.Single parent and old age cases both ...
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DHL Express Hong Kong Celebrates its Industry-leading Customer Service with Five Customer Relationship Excellence ...
HONG KONG, June 19, 2013 /PRNewswire/ -- DHL Express, the world's leading international express services provider, has once again been recognized at the 2012/13 Customer Relationship Excellence Awards (CRE Awards), winning a total of five categories for its Hong Kong office including Customer Service Contact Center of the Year (Logistics -- Under 300 seats) and Global Support Service of the ...
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Hang Seng Shanghai end lower
(1 hr 3 mins ago) Hong Kong stocks finished 1.13 percent lower on Wednesday, hit by reports that property tax trials will be launched in China this year in a bid to cap soaring prices. The benchmark Hang Seng Index ended down 238.99 points at 20,986.89 on turnover of HK$61.88 billion, AFP reports. Chinese stocks closed down 0.73 percent. The benchmark Shanghai Composite Index fell 15.84 ...
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Tough action on guesthouses working
The rising number of convictions against unlicensed guesthouses in recent years reflects the strength of the Government's enhanced enforcement efforts.This was the message fromSecretary for Home Affairs Tsang Tak-sing to lawmakers today.He said the operation of guesthouses in Hong Kong is regulated by the Hotel & Guesthouse Accommodation Ordinance to ensure premises meet building and ...
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Hong Kong shares end down 1.1 pct in 1st loss in 4 days
HONG KONG, June 19 | Wed Jun 19, 2013 4:07am EDT HONG KONG, June 19 (Reuters) - Hong Kong shares had their first loss in four days, with cyclical counters hurt by dashed hopes for monetary easing in China and pressure on defensive plays ahead of policy statements by the U.S. Federal Reserve. The Hang Seng Index ended down 1.1 percent at 20,986.9 points in its first decline since last ...
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Hong Kong can showcase freedom over Snowden China media
BEIJING, June 19, 2013 (AFP) - Hong Kong can showcase its democratic pedigree by its handling of the Edward Snowden case, Chinese state media said Wednesday, in comments appearing to distance Beijing from any decision on his possible extradition. The semi-autonomous territory -- which has a separate legal system to mainland China -- has the opportunity of "proving itself a free society in ...
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Hong Kong to Follow Up on Snowden’s Claims of U.S. Hacking
Hong Kong's government is investigating claims by former National Security Agency contractor Edward Snowden that the U.S. had attacked computers in the city. Police haven't received complaints regarding the alleged hacking, Lai Tung-kwok, Hong Kong's security secretary told the Legislative Council today. Snowden, who fled to Hong Kong after leaking classified documents about U.S. ...
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China stocks fall with financials weighing Hong Kong Shanghai lower
Chinese and South Korean stocks fall on caution ahead of the Federal Reserve's monetary-policy decision later in the day, while Japanese shares rally on a weaker yen and strong overnight gains on Wall ...
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Scottish firms urged to set up business in Hong Kong
SCOTT WRIGHT InvestHK, the government agency that helps overseas firms locate in Hong Kong, set out the commercial case for the territory as a "springboard" to growth in south-east Asia at an event in Glasgow yesterday. Director-general Simon Galpin highlighted the low-tax economy, burgeoning tourism industry, demand for luxury goods, low crime rate and ease of doing business as ...
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Cathay Pacific traffic figures for May 2013
Cathay Pacific Airways released combined Cathay Pacific and Dragonair traffic figures for May 2013 that again show a year-on-year drop in the number of passengers carried and cargo and mail tonnage. Cathay Pacific and Dragonair carried a total of 2,338,703 passengers in May – a drop of 0.8% compared to the same month last year. The passenger load factor was up by 0.5 percentage points ...
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Hong Kong Investigates HSBC for Manipulating Rates
Hong Kong's de facto central bank said on Tuesday that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks.The Hong Kong Monetary Authority (HKMA) announced in December that it was investigating UBS about possible misconduct relating to its submissions for the Hong Kong Interbank Offered Rate ...
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Hong Kongs Offshore Trade Surging HKTDC Study
Export Index at Two-Year High; Prospects Remain Challenging Hong Kong, June 19, 2013 - (ACN Newswire) - Offshore trade as a share of Hong Kong's overall commercial activity has surged from less than 19 per cent in 1988 to 65 per cent in 2012, according to the "Offshore Trade Survey," which completed recently by the Hong Kong Trade Development Council (HKTDC). Results reveal how ...
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Hang Seng dips at open
(2 mins ago) Stocks in Hong Kong fell 0.18 percent at the open as dealers await the outcome of a US Federal Reserve policy meeting for an idea of its plans for its vast stimulus scheme. The benchmark Hang Seng Index fell 37.48 points to 21,188.40 in the first few minutes of ...
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Profit Drops At Hong Kong Billionaire Cheng Yu-tungs Chow Tai Fook Jewelry Chain
Chow Tai Fook, the Hong Kong-based jewelry chain controlled by billionaire Cheng Yu-tung, on Monday net profit fell by 13% in the 12 months to March 31 amid slower economic growth and retail sales gains in mainland China last ...
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Scholar urges Hong Kong to address cultural gap
/enpproperty--> A top Hong Kong scholar has called on the special administrative region to bridge cultural and social differences with the mainland, in a bid to boost its waning competitiveness. In a report published on Tuesday, Gui Qiangfang, president of the China Institute of City Competitiveness, said Hong Kong's comprehensive competitiveness, including social, environmental ...
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Cathay Pacific to revamp first class BOSE headphones more personal space
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Hong Kong probes HSBC other banks for alleged misconduct
HONG KONG: Hong Kong's de facto central bank said that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks. The Hong Kong Monetary Authority (HKMA) announced in December that it was investigating UBS about possible misconduct relating to its submissions for the Hong Kong Interbank Offered Rate (Hibor). "Apart from ...
Hong Kong Feature
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Electoral reform hot topic for Hong Kong
Hong Kong is going through more growing pains, perhaps even the most uncomfortable since the city was handed back to Beijing by Britain. Pro-democracy advocates want to be able to vote for the entire legislative council, a direct challenge to Beijing.
Hong Kong was handed back to China in 1997. At that time, Beijing made an agreement with Britain that under a law called the Basic Law, all the civil liberties which were existent in Hong Kong at the time of the hand over would remain in place for at least 50 years, by which time it is envisioned, by the pro-democracy camp at any rate, that the Special Administrative Region will be fully democratic at any rate. Read more
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