Saturday, June 23, 2018

Prop money meeting held

The Commerce & Economic Development Bureau held a meeting today to brief the film and television industry on procedures for using prop money for filming purposes.   The bureau collaborated with its Film Services Office of Create Hong Kong, the Monetary Authority and the Police to hold the event.   Representatives from the Federation of…

Politics

Business

Vacancy tax to ensure flat supply

The introduction of a tax on vacant first-hand private residential properties aims to ensure flats are delivered to the market for sale or rent effectively.   Financial Secretary Paul Chan made the statement during his visit to Beijing yesterday, in response to media enquiries on the Government’s study on the feasibility of introducing the tax.…

HK set for green bond market

The green bond market has come a long good way in just over a decade. It debuted only in 2007, with the issuance of a "climate awareness bond" by the European Investment Bank.   The 2015 Paris Agreement, adopted by 195 countries, has taken it to another level, lending it both heightened urgency and broad…

Ocean Park board reappointed

The Government today reappointed the Ocean Park Corporation board members with Leo Kung remaining as its chairman.   The appointments are for two years starting July 1.   The Commerce & Economic Development Bureau thanked the board members for their work in the park’s development.   Click here for more information.
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HK set for green bond market

The green bond market has come a long good way in just over a decade. It debuted only in 2007, with the issuance of a "climate awareness bond" by the European Investment Bank.   The 2015 Paris Agreement, adopted by 195 countries, has taken it to another level, lending it both heightened urgency and broad…

Chinese billionaire Ng Lap-seng gets four years in US prison for bribing UN officials...

A Macau billionaire has been sentenced to four years in a US prison after he was convicted of bribing United Nations officials over US$1.7 million as part of a construction scheme that prosecutors said aimed to turn Macau into an international hub. Ng Lap-seng, 69, had no visible reaction to the sentence as it was…

At least 3 electrocuted in street during south China storms

At least three people are suspected to have died from electrocution during heavy rains in southern China last week due to faulty or poorly maintained electrical equipment in the streets, Chinese media reported. A mother and daughter were killed during torrential rain in Foshan in Guandong province last Friday because of faulty electric wiring on…

Robust quarterly profit at China’s largest producer suggests instant noodles are back in flavour

Shares in Tingyi Holding, China’s largest producer of instant noodles and drinks, were trading at a six-week high on Tuesday, after the company posted a better-than-expected first quarter late on Monday, on the back of robust sales of instant noodle products. Its shares jumped by about 9 per cent to an intraday high of HK$18.16…

Diplomacy & Defence

Xi Jinping sends unity message at regional security summit in China after G7 disarray

Beijing talked up regional efforts to fight terrorism and boost economic cooperation at a security summit that wrapped up in China on Sunday – hours after the Group of Seven summit in Canada ended in disarray, as the rift deepened between the US and its allies. The eight members of the Shanghai Cooperation Organisation, led…

How Intel can avoid the brunt of Donald Trump’s China tariffs blows

Intel Corp, the world’s biggest chip maker by revenue and a prominent US manufacturer, could avoid the most severe effects of a new list of Chinese tariffs proposed by US President Donald Trump by shifting production among its facilities, analysts said on Monday. On Friday, Trump said he planned to push ahead with tariffs on…

US President Donald Trump could hit China with trade tariffs as early as Friday,...

This story is being published by the South China Morning Post as part of a content partnership with POLITICO. It was reported by Adam Behsudi and originally appeared on politico.com on June 12, 2018. President Donald Trump is expected to impose tariffs on Chinese goods as soon as Friday or next week, according to two…