Monday, October 22, 2018

Chinese rabies vaccine maker told to set up compensation fund

The Chinese manufacturer of rabies vaccines that was fined 9.1 billion yuan (US$1.3 billion) for falsifying its records has also been ordered to set up a compensation fund for anyone affected by the scandal, although no one has yet made such a claim. Changchun Changsheng Life Sciences, the country’s second-largest vaccine producer, was told it…

Politics

Business

HK to embrace I&T

HK to embrace I&T

Chief Executive Carrie Lam said Hong Kong will step up efforts to promote innovation and technology. Delivering her second Policy Address at the Legislative Council today, Mrs Lam said further to the $50 billion earmarked in this year’s Budget, an additional $28 billion will be allocated for university research, re-industrialisation, application of technology in public…
CE to foster relations with Japan

CE to foster relations with Japan

Chief Executive Carrie LamAlongside our deep cultural ties, the people of Hong Kong and Japan love to do business together. Last year, Japan was our fourth-largest trading partner, while we were Japan's eighth-largest partner in trade and fifth-largest market for exports.  For more than a decade now, Hong Kong has been the number one export…
Peak Tram operating rights renewed

Peak Tram operating rights renewed

The Chief Executive in Council has approved the Peak Tramways Company’s right to run the Peak Tramway for 10 more years from January 1, 2026. The company will implement an upgrading plan which includes increasing the tramcar capacity, constructing a covered queuing and waiting area at the Peak Tram's lower terminus and renovating the upper terminus…
- Advertisement -
High-end manufacturing in focus

High-end manufacturing in focus

Chief Secretary Matthew CheungThe label of "Made in Hong Kong" represents a shared vision of the past, present and future generations of Hong Kong. Many of us may still remember the days in the 60s and 70s when we found solace in stumbling upon a toy or a shirt labelled "Made in Hong Kong" as…
FS attends IMF session in Bali

FS attends IMF session in Bali

Financial Secretary Paul Chan attended the plenary session of the Annual Meetings of the International Monetary Fund and the World Bank Group in Bali today. Mr Chan attended the session as a member of the Chinese delegation. The annual meetings bring together finance ministers, leaders of central banks and senior management of banks and financial…
Media chief to sue Hong Kong newspaper Apple Daily over altered quote of Beijing official

Media chief to sue Hong Kong newspaper Apple Daily over altered quote of Beijing...

A Hong Kong media chief is suing a local newspaper for defamation over a report on an altered quote of a Beijing official he allegedly made. Siu Sai-wo, chief executive of Sing Tao News Corporation, announced the suit in a statement in Sing Tao Daily on Friday. On Tuesday Siu altered an earlier quote of…
New Zealand bars foreigners buying homes: Chinese blocked but Singaporeans are still allowed

New Zealand bars foreigners buying homes: Chinese blocked but Singaporeans are still allowed

New Zealand has banned most foreigners from buying homes as it tries to tackle runaway housing prices. Previously the housing market was open to investors worldwide, but the government on Wednesday passed legislation that allows only New Zealand residents to buy homes. In recent years, there have been many anecdotal stories of wealthy foreigners from…

Diplomacy & Defence

Sri Lanka chooses India over China in US$300 million housing deal U-turn

Sri Lanka chooses India over China in US$300 million housing deal U-turn

Sri Lanka has reversed a decision to award a US$300 million housing deal to China in favour of a joint venture with an Indian company, the government said, ahead of a visit by the prime minister to its South Asian neighbour. Prime Minister Ranil Wickremesinghe will meet his Indian counterpart Narendra Modi on Saturday in…
China, US defence chiefs agree to Asean rules on encounters between warplanes

China, US defence chiefs agree to Asean rules on encounters between warplanes

Defence chiefs from the US and China agreed in principle to guidelines on encounters between warplanes, in the latest bid by Pacific nations to keep increased military activity from unintentionally escalating into conflict. US Secretary of Defence James Mattis said he and seven other regional military chiefs, including China’s General Wei Fenghe, gave broad endorsement…
Picking a fight: Is Trump’s hawkish behaviour towards China the start of a new cold war?

Picking a fight: Is Trump’s hawkish behaviour towards China the start of a new...

US President Donald Trump might still brag about his close relation with Chinese President Xi Jinping, but few would disagree that relations between the two countries are at a new low not seen for decades. Despite a glimmer of optimism sparked by the possibility of a meeting next month between Trump and Xi to resolve…