Archive for October 12th, 2018

Business Briefs 12 Oct 2018

12-Oct-2018 Intellasia | | 9:12 AM

* The Pan Group (PAN) is seeking approval from its shareholders to limit foreign ownership at 49%, ensuring that the enterprise is always a domestic economic organization, [...]
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HK$400,000 police reward up in hunt for two suspected triad members over 2016 death of parking valet

12-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

Hong Kong police are offering a HK$400,000 (US$51,000) reward to track down two suspected triad members in connection with the death of a parking valet about 13 hours after [...]
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HK’s leader Carrie Lam says tough decisions had to be taken to ensure vision for city’s future is achieved

12-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

Hong Kong’s leader said on Thursday she needed to make tough decisions for the city’s future as she fielded questions over the controversial land reclamation [...]
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Activists ‘shocked’ after HK police chiefs block alert to banks on human trafficking-linked transactions

12-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

Hong Kong’s determination to tackle money laundering linked to human trafficking has been called into question after it emerged that police chiefs blocked an alert [...]
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Subsidies to help young HK entrepreneurs set up shop in ‘Greater Bay Area’

12-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

This year’s policy address brought welcome news for Hong Kong’s budding young entrepreneurs when the city’s leader announced a pilot scheme to subsidise [...]
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Turning HK’s iconic Excelsior Hotel into offices could net owner HK$13.7 billion

12-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

The owner of Hong Kong’s iconic harbour-view Excelsior Hotel expects to boost the asset’s value by about half to HK$41 billion (US$5.2 billion) after converting [...]
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Mainland Chinese student in US cheated of $27,000 in HK-linked phone scam

12-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

A mainland Chinese student in the US was cheated of $27,000 by fraudsters posing as consulate staff, police and a prosecutor in a phone scam linked to Hong Kong. Northwestern [...]
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Rising sea levels, storm surges pose risks for HK’s artificial island project

12-Oct-2018 Intellasia | Reuters | 6:00 AM

As Hong Kong recovers from one of the strongest typhoons in decades, a controversial plan to build a vast artificial island is facing intense scrutiny from environmental [...]
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China’s Tencent slumps to new low as HK stocks dive

12-Oct-2018 Intellasia | AFP | 6:00 AM

Shares of Chinese tech giant Tencent plummeted by more than seven percent on Thursday, amid a sell-off in the Hong Kong stock market driven by a US stock market rout. [...]
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Woman, 78, in HK denies pouring hot water on Indonesian domestic helper over work performance

12-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

An Indonesian Chinese woman on Wednesday denied pouring hot water on her domestic helper and insisted they had a good relationship, after a Hong Kong court ruled she had a [...]
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Taiwan Referendum Threatens Same-Sex Marriage

12-Oct-2018 Intellasia | HRW | 6:00 AM

People’s human rights should not hinge on a popular vote. But that’s exactly what is happening in Taiwan, and the rights of lesbian, gay, bisexual, and [...]
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Taipei keeps quiet about US ‘show of force’ in Taiwan Strait

12-Oct-2018 Intellasia | Atimes | 6:00 AM

Taiwan’s Defense Ministry has said it has not received intelligence from the US Navy’s Pacific Fleet saying that the proposed “global show of force” [...]
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Taiwan keen to accommodate manufacturers back from China

12-Oct-2018 Intellasia | Digi Times | 6:00 AM

The Ministry of Economic Affairs (MOEA) has stepped up efforts trying to accommodate Taiwan-based makers moving their production lines back from China amid the escalating [...]
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Taiwan responds to Beijing threats with pledge to increase military spending to ‘ensure national security’

Taiwan responds to Beijing threats with pledge to increase military spending to ‘ensure national security’

12-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

Taiwan plans to acquire more weapons to increase its fighting power in the face of growing military threats from Beijing, a move certain to further provoke the mainland amid [...]
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China ‘Seriously Challenging’ Taiwan Peace: Tsai

12-Oct-2018 Intellasia | AFP | 6:00 AM

Taiwan’s President Tsai Ing-wen accused China of “seriously challenging” peace and stability on Wednesday, describing the island she leads as being on the [...]
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