Archive for January 29th, 2021

Asian markets a sea of red as virus woes add to correction fears

29-Jan-2021 Intellasia | AFP | 6:52 AM

Asian markets suffered further losses Thursday, tracking a rout in New York and Europe as markets were hit by a perfect storm of worries about the slow rollout of vaccines, [...] » More

Coronavirus: Cathay Pacific tells aircrew quarantine could start in two weeks, as airline industry chiefs urge rethink over damage it could do

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

Airline industry chiefs have urged the Hong Kong government to rethink its plans to quarantine aircrew for 14 days, as Cathay Pacific Airways told staff the rule could start [...] » More

Cathay shares plunge as bond sale announced to stem cash crisis

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

Shares in Hong Kong’s marquee carrier Cathay Pacific plunged on Thursday after the struggling airline unveiled a HK$6.7 billion (US$870 million) bond sale to try to [...] » More

HK pay-TV leader i-Cable taps main shareholder for more funds to help end decade of losses

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

Hong Kong’s biggest pay-TV operator i-Cable Communications is turning to its key shareholder again for cash to help turn around its business and compete with [...] » More

National security law: boost for Britain, blow to HK? How the BN(O) ticket may affect fortunes of both sides

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

Hongkonger Daisy Leung* and her family paid GBP 500,000 (US$685,150) for a three-storey house in Reading, in the southeast of England, without even seeing it. The deal was [...] » More

The Year of the Ox is auspicious for HK stock investors, CLSA’s Feng Shui Index says

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

The Year of the Ox bodes well for Hong Kong stocks, as the world’s third-largest equity market is expected to finish the lunar year higher, according to CLSA’s [...] » More

HK policeman jailed for nearly four years for sexually assaulting multiple underage girls

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

A Hong Kong policeman who confessed to sexually assaulting five underage girls and possessing nude pictures of another was jailed for nearly four years on Wednesday. The [...] » More

Polls shows HK residents’ distrust of Chinese vaccines

29-Jan-2021 Intellasia | Reuters | 6:52 AM

Hong Kong people are less trusting of Chinese novel coronavirus vaccines than those made in Europe and the United States, with fewer than 30 percent of people questioned in a [...] » More

FedEx to relocate HK-based pilots to San Francisco to avoid quarantine: memo

29-Jan-2021 Intellasia | Reuters | 6:52 AM

Freight carrier FedEx Corp will temporarily relocate its Hong Kong-based pilots to San Francisco because it expects the Asian financial capital to establish strict 14-day [...] » More

Elderly HK cyclist dies at scene after collision with dump truck in Yuen Long

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

An elderly man died after a collision between his bicycle and a dump truck at an intersection in northern Hong Kong on Thursday. The crash took place at the junction of Tong [...] » More

Ocean Park visitor numbers predicted to plummet even if billions of dollars are spent bailing it out, official figures show

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

Visitor numbers for Ocean Park are predicted to be lower for most of the coming decade than in the five years before the coronavirus pandemic hit Hong Kong, even if billions [...] » More

HK Exchange Fund reports late surge in income as markets rebound, expanding currency war chest to $581 billion

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

Hong Kong’s Exchange Fund, the war chest used to defend the local currency from attacks by short sellers, recorded one of its best quarters in a pandemic-ravaged year, [...] » More

HK fourth wave: North Point buildings placed under lockdown after Covid-19 cluster

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

Residents of four old residential blocks in Hong Kong were ordered to undergo mandatory coronavirus testing in another sudden lockdown on Thursday evening after a Covid-19 [...] » More

Consortium wins development rights to MTR’s Wong Chuk Hang residential project at a lower premium than earlier phase

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

A consortium of four Hong Kong developers has won the development rights for the latest residential project at Wong Chuk Hang MTR station, which has been acquired at a lower [...] » More

HK court declines to unfreeze closed law firm’s accounts following urgent application

29-Jan-2021 Intellasia | South China Morning Post | 6:52 AM

A Hong Kong court has declined to release the frozen funds of a major conveyancing firm shut down by the Law Society two months ago, with the presiding judge finding it [...] » More