Archive for November, 2018

Business Briefs 30 November 2018

30-Nov-2018 Intellasia | | 7:56 AM

* Construction Company 47 (C47) has received approval from its shareholders to increase the foreign ownership limit to 49% from the current 3.31 %. The firm has adjusted [...]
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S. Korea orders 2nd Japan firm to compensate forced labourers

S. Korea orders 2nd Japan firm to compensate forced labourers

30-Nov-2018 Intellasia | AP | 7:54 AM

South Korea’s top court on Thursday ordered a Japanese company to financially compensate 10 Koreans for forced labour during Tokyo’s 1910-45 colonial rule of the [...]
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Dollar down, most Asia stocks up as Trump-Xi talks loom

30-Nov-2018 Intellasia | AFP | 7:27 AM

The dollar extended losses in Asia while most equities rose after the head of the Federal Reserve hinted at a softer pace of interest rate hikes, though investors remain wary [...]
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Credit bureau TransUnion urged to tighten online security after local newspaper says it easily obtained data on HK Chief Executive Carrie Lam and Financial Secretary Paul Chan

30-Nov-2018 Intellasia | South China Morning Post | 7:27 AM

Hong Kong’s Monetary Authority and privacy watchdog have called on major international credit bureau TransUnion to improve its online authentication procedures after a [...]
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No more one-day tours to HK and Macau at weekends, Guangdong authorities tell mainland travel agencies

30-Nov-2018 Intellasia | South China Morning Post | 7:27 AM

Travel agencies across Guangdong have been ordered to halt all one-day trips to Hong Kong and Macau on weekends via the cross-border bridge to reduce the nuisance suffered by [...]
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Homework-free holidays improve schoolchildren’s learning abilities, HK study finds

30-Nov-2018 Intellasia | South China Morning Post | 7:27 AM

Giving students a homework-free long holiday to allow them to do their own learning would help them become more confident in their learning abilities and life management [...]
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No lenient sentence for man who had sex with teenage boy, despite lawyer’s plea that HK laws discriminate against gay offenders

30-Nov-2018 Intellasia | South China Morning Post | 7:27 AM

A sex offender failed to persuade the High Court on Wednesday that he did not deserve a long jail term for having consensual sex with an underage boy just because he is gay. [...]
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China’s HK issues report for environmental, social and governance strategy

30-Nov-2018 Intellasia | Xinhuanet | 7:27 AM

Hong Kong’s Financial Services Development Council (FSDC) on Wednesday set out key recommendations for fostering the development of an Environmental, Social and [...]
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The ‘biggest loser’ in the trade war is the US, says HK property tycoon

30-Nov-2018 Intellasia | CNBC | 7:27 AM

* The US is ultimately harming its own interests by pursuing trade war with China and will turn out to be the “biggest loser,” says Hong Kong property tycoon [...]
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HK’s Finance Sector M&A Deals Fall Prey to China’s Capital Controls

30-Nov-2018 Intellasia | Theepoch Times | 7:27 AM

Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China’s moves to tighten [...]
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Almost all food imported into HK by air getting through without safety documents, government auditor finds

30-Nov-2018 Intellasia | South China Morning Post | 7:27 AM

More than nine in 10 food products imported by air were given official permission to enter Hong Kong despite having no documents to prove they were safe, according to an [...]
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Taiwan’s Same-Sex Marriage Vote Is Not the End of the Road

30-Nov-2018 Intellasia | HRW | 7:27 AM

The November 24 referendum on same-sex marriage in Taiwan delivered disappointing results to proponents of marriage equality. But while it sheds light on current public [...]
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China accused of political meddling after Taiwan local elections

30-Nov-2018 Intellasia | Aljazeera | 7:27 AM

In an exclusive interview, Taiwan FM says worsening relations with Beijing played part in ruling party’s defeat. The leadership of Taiwan’s President Tsai Ing-wen [...]
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Taiwan ends quest for F-35s as Japan looks at buying 100 more

30-Nov-2018 Intellasia | Atimes | 7:27 AM

Tokyo to turn ships into carriers for the advanced fighters; Taipei reportedly looking at purchase of 66 F-16V fighters Taiwanese military leaders have for years yearned for [...]
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US Navy ships sail through Taiwan Strait

30-Nov-2018 Intellasia | AFP | 7:27 AM

Two US Navy ships sailed through the Taiwan Strait on Wednesday, the third such operation this year and one that is sure to anger China. Lieutenant Rachel McMarr, a [...]
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