Archive for November, 2018
Business Briefs 30 November 2018
* 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
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
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
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
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
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
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
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
* 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
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
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
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
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
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
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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