Archive for June 1st, 2018

Business Briefs 01 Jun 2018

01-Jun-2018 Intellasia | | 11:40 AM

* Pymepharco Company (PME) will issue over 9.7 million shares to pay a dividend of 15%, with June 8 chosen as the record date. PME currently has 65.2 million outstanding [...]
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Asian shares track Wall Street rebound, as Italy fears fade

01-Jun-2018 Intellasia | AP | 6:00 AM

In Europe, France’s CAC 40 climbed 0.4 percent to 5,446.54 while the FTSE 100 index gained 0.2 percent to 7,708.06. The DAX in Germany dropped 0.2 percent to 12,754. [...]
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HK’s Sha Tin-Central rail link hit by corner-cutting contractor’s shoddy work on platforms, MTR Corporation confirms

01-Jun-2018 Intellasia | South China Morning Post | 6:00 AM

A company building a large chunk of Hong Kong’s priciest railway has cut corners on a key part of the project, it has been confirmed. An engineer on Wednesday called on [...]
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HK Official Rules Out Plan for Central Bank Digital Currency

01-Jun-2018 Intellasia | Coin Desk | 6:00 AM

The Hong Kong Monetary Authority (HKMA), the region’s de facto central bank, currently has no plan to issue a central bank digital currency (CBDC), a high-level [...]
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China leaned on HK not to hand fugitive to US, State Department says

01-Jun-2018 Intellasia | Reuters | 6:00 AM

The US State Department said Hong Kong’s leader, Carrie Lam, rejected a request last year to surrender a fugitive into the custody of the United States, at [...]
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Eight in 10 victims of sexual violence know their attackers, and many are afraid to report incidents to police, HK study shows

01-Jun-2018 Intellasia | South China Morning Post | 6:00 AM

Eight in 10 victims of sexual offences in Hong Kong are harmed by people they know, with one-third of them being sexually violated for at least a month, according to an [...]
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Crime and punishment in HK: how long, exactly, is a life sentence?

01-Jun-2018 Intellasia | South China Morning Post | 6:00 AM

Who decides whether criminals spend their lives behind bars? During British rule before July 1997, there were two types of life imprisonment. One was a mandatory term, where [...]
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In HK, gay people prescribed prayers and no sex as a ‘cure’

01-Jun-2018 Intellasia | Reuters | 6:00 AM

Stop watching porn, look “macho” and avoid spending time alone with other boysthis was the advice Alvin Cheung in Hong Kong received after reaching out for help [...]
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#PTGF: the online world of HK’s young sex workers

01-Jun-2018 Intellasia | AFP | 6:00 AM

For Hong Kong’s “part-time girlfriends”, social media provides an easy way to connect with clients looking for sex, but campaigners warn that online [...]
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HK private home prices rise at fastest pace in a year in April

01-Jun-2018 Intellasia | Reuters | 6:00 AM

Hong Kong’s record-breaking private home prices rose at their fastest pace in a year in April, the latest government data showed, as the city’s scorching hot [...]
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Taiwan breaks energy use record in heat wave

01-Jun-2018 Intellasia | Xinhua | 6:00 AM

Taiwan Power Company said the island’s power usage on Wednesday broke a record set last August amid an ongoing heat wave. The power consumption peaked at 1:50 p.m. [...]
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Taiwan’s Ministry of Health and Welfare promotes WHO’s World No Tobacco Day

01-Jun-2018 Intellasia | Taiwan News | 6:00 AM

15 percent of Taiwanese adults are habitual smokers, at risk of heart attack and CVD Today, May 31 is World No Tobacco Day, a yearly awareness day established by the World [...]
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Magnitude 4.6 earthquake rattles southeastern Taiwan

01-Jun-2018 Intellasia | Taiwan News | 6:00 AM

Magnitude 4.6 temblor shakes Taitung County A magnitude 4.6 earthquake rattled southeastern Taiwan’s Taitung County this morning (May 31) at 9:03 a.m., according to the [...]
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With a $250 Million ‘Institute,’ the US Upgrades Ties to Taiwan

01-Jun-2018 Intellasia | NY Times | 6:00 AM

On June 12, in a leafy, middle-class neighbourhood in Taiwan’s capital, Taipei, the unofficial, Cold War-era relationship between this island and the United States is [...]
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All 31 preferential policies for Taiwan to be implemented: spokesperson

01-Jun-2018 Intellasia | ECNS | 6:00 AM

All 31 preferential policies for Taiwan released in February will be fully implemented soon, An Fengshan, spokesperson for the Taiwan Affairs Office of the State Council, [...]
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