Archive for May 16th, 2020

Virus could cut up to 9.7pct off global economy: ADB

16-May-2020 Intellasia | AFP | 6:02 AM

The coronavirus pandemic could cut up to 9.7 percent off the global economy, the Asian Development Bank said Friday, doubling its previous estimate as the virus stifles trade [...] » More

Asian markets mixed at end of a uneasy week

16-May-2020 Intellasia | AFP | 6:02 AM

Most markets were mixed Friday, at the end of a tough week for global equities that have been wracked by worries over a second wave of infections, rising China-US tensions [...] » More

HK Law Society chief defends controversial decision to back certain candidates in polarised governing council election

16-May-2020 Intellasia | South China Morning Post | 6:02 AM

The head of the Hong Kong Law Society has defended her contentious decision to back certain candidates in one of the body’s most polarised elections in recent years, [...] » More

Self-distancing a pipe dream in HK’s cramped ‘cubicle flats’

16-May-2020 Intellasia | AFP | 6:02 AM

Squashed inside the 50-square-foot living space she shares with her son, Wong Mei-ying knows social-distancing during the coronavirus pandemic is all but impossible. The [...] » More

Three arrested in HK over laundering of HK$54 million scammed from 15 people

16-May-2020 Intellasia | South China Morning Post | 6:02 AM

Three men were arrested on Thursday over the laundering of HK$54 million (US$7 million) that police said was conned out of 15 Hongkongers, including a 76-year-old woman who [...] » More

HK protests: first defendant to plead guilty to riot charge jailed for four years

16-May-2020 Intellasia | South China Morning Post | 6:02 AM

The first defendant to plead guilty to a riot charge in connection with last year’s anti-government protests in Hong Kong was jailed for four years by a court on [...] » More

Olympic gymnast Li Ning’s Viva China buys HK’s iconic clothing chain Bossini at massive discount

16-May-2020 Intellasia | South China Morning Post | 6:02 AM

Viva China Holdings, the sports talent agency founded by Chinese gymnastics star Li Ning, is to buy a controlling share of famed Hong Kong clothing chain Bossini [...] » More

Coronavirus restrictions linked to sea-smuggling surge as HK customs seizes HK$150 million worth of contraband goods this year

16-May-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong customs has seized HK$150 million worth of contraband goods as of May 13 in its crackdown on maritime smuggling, a 255 per cent increase this year that has been [...] » More

Li Ka-shing’s CK Asset issues first profit warning as HK and UK businesses suffer, CK Hutchison says retail earnings might be halved this year

16-May-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong-based conglomerate CK Asset Holdings issued a profit warning on Thursday, its first since it was listed in 2015 as part of a restructure of Hong Kong tycoon Li [...] » More

Coronavirus: call for HK Covid-19 survivors to donate plasma, which tests show kills infection

16-May-2020 Intellasia | South China Morning Post | 6:02 AM

The Hong Kong Red Cross has appealed to recovered Covid-19 patients in the city to donate blood plasma to help those still sick with the disease, saying it can dramatically [...] » More

HK authorities inquiring whether student volunteers covering protest involved child labour

16-May-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong’s Labour Department is looking into whether the case of a 12-year-old boy detained by police for covering a protest for online media involved child labour. [...] » More

HK retail landlord Chinachem cuts base rent close to zero for tenants in Tsim Sha Tsui to ‘walk them through this tough period’

16-May-2020 Intellasia | South China Morning Post | 6:02 AM

Chinachem Group is charging close to zero base rents as part of relief measures offered to some of its tenants in its Tsim Sha Tsui shopping centres since March. Donald Choi, [...] » More

HK legislature passes HK$627 billion budget

16-May-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong’s legislature on Thursday passed the administration’s HK$627 billion (US$80.9 billion) budget containing cash handouts, tax breaks and a raft of [...] » More

HK Education Bureau moves to invalidate exam question on Sino-Japanese pre-WWII relations that prompted Beijing complaint

16-May-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong’s Education Bureau is striking out a controversial history exam question that asked whether Japan “did more good than harm to China” during the [...] » More

First HK protester to admit ‘rioting’ gets four years’ jail

16-May-2020 Intellasia | Reuters | 6:02 AM

A 21-year-old Hong Kong lifeguard, the first anti-government protester to plead guilty to the charge of rioting during last year’s unrest, was sentenced to four [...] » More