Archive for June 12th, 2020
Asian markets step back following Fed’s sobering outlook
Equities sank Thursday after the Federal Reserve offered a dose of reality on the US economy, while traders have also been spooked by fears of a second wave of virus [...] » More
HK’s low-interest rate regime will help the city’s stricken economy get back on its feet quickly
The Hong Kong Monetary Authority will follow the US Federal Reserve in keeping interest rates close to zero through 2022 to support the battered economy, a strategy that is [...] » More
Hunt on for owners of two fishing boats after HK$17 million haul of American ginseng seized near HK airport
A citywide hunt is under way for the owners of two fishing boats after more than HK$17 million (US$219,350) worth of American ginseng was found on board one of the vessels [...] » More
Back in HK after serving US prison term for bribery, a ‘very tired’ Patrick Ho begins quarantine after testing negative for Covid-19
Disgraced former Hong Kong minister Patrick Ho Chi-ping may have walked free from a New York jail, but the ex-official, who emerged looking noticeably slimmer, still faces [...] » More
Joint declaration ‘not relevant’ to national security law for HK, says Beijing
China’s foreign ministry issued a “fact sheet” on Wednesday defending Beijing’s decision to impose a national security law on Hong Kong, following [...] » More
HK protests: activist facing charges flees to Netherlands and another also goes missing, prompting police to add them to wanted list
A protester who fled to the Netherlands, and another who went missing hours after being told he faced a riot charge over the storming of the Hong Kong legislature last July, [...] » More
Japan concerned over HK as dozens arrested in new protests
Hundreds take to Hong Kong streets to mark one year since start of protests against a now-withdrawn extradition bill. Japan has said it wants to take the lead in any G7 [...] » More
Over 30,000 HK companies enjoy six-month repayment holiday on HK$380 billion in loans under HKMA scheme to help them survive economic slump
All SMEs with an annual turnover of HK$800 million or below can enjoy the break. This qualification covers 80 per cent of corporate borrowers in Hong Kong. The borrowers, who [...] » More
HK Tiananmen activist says locked out of Zoom
The organiser of Hong Kong’s annual vigil for the victims of China’s deadly Tiananmen crackdown told AFP Thursday his Zoom account was suspended after trying to [...] » More
Coronavirus: love was in the air but all Hongkongers cared about was getting a face mask, new survey of social media shows
In the early stages of the coronavirus pandemic, Hongkongers were at their happiest on February 14 not because it was Valentine’s Day, but because face masks became [...] » More
HK has only one real rival for businesses thinking about leaving
American executives in Hong Kong are nervous about the city’s future as a centre for global business. For the minority already considering a Plan B, though, Singapore [...] » More
Coronavirus: HK goes week without any local cases of Covid-19, but source of Sha Tin cluster still unknown
Hong Kong saw further signs of improvement from Covid-19, reporting no new infections on Thursday to reach seven days without local transmission. The number of confirmed [...] » More
High Court swats down Occupy activist’s challenge of five-year ban on running in HK elections for those with jail terms
A Hong Kong opposition activist barred from elections due to a jail term served for his role in the 2014 Occupy protests has failed in his bid to challenge electoral laws [...] » More
Only HK can solve unrest, says British foreign minister
The British government has said any solution to the unrest in Hong Kong must come from the former colony itself and not from Beijing, and it urged China to reconsider a new [...] » More
NetEase jumps as much as 10 per cent on first day of trading after completing secondary offering in HK
Shares of NetEase, the world’s second-largest mobile gaming company, surged on the first day of trading in Hong Kong, underscoring investors’ penchant for [...] » More
