Daily Flash
Panama’s chief prosecutor said on Tuesday that more than 160 actions have been taken so far in a high-profile investigation into alleged wrongdoing by Panama Ports Company, the unit of Hong Kong’s CK Hutchison Holdings that operates two Panama Canal ports, as the country finds itself in the crosshairs of a deepening power struggle between…
Hosting the first-ever north London derby outside of the United Kingdom is the ultimate honour, according to Hong Kong Supporters Club member Adam Ng and the die-hard Gooner is confident they will create an atmosphere befitting of the occasion. We take on Tottenham Hotspur at the Kai Tak Sports Park, Hong Kong, on Thursday, marking…
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A former top executive of a Hong Kong-listed company surrendered to the city’s anti-corruption agency on Tuesday after more than a decade on the run. Li Songxiao, the former chairman of Neo-China Group (Holdings), now known as Shanghai Industrial Urban Development Group (SIUD), handed himself over to the Independent Commission Against Corruption (ICAC) over his…
[SINGAPORE] Hongkong Land posted an underlying profit of US$297 million for the six months ended Jun 30, reversing from a net loss of US$7 million in the corresponding year-ago period. Excluding the impact of non-cash provisions for its build-to-sell segment in China, H1 underlying profit stood at US$320 million, 11 per cent higher than the…
China-based e-commerce giant JD.com has reportedly registered entities tied to a potential stablecoin rollout just days ahead of Hong Kong’s stablecoin regulations going into effect. JD.com, often referred to as China’s Amazon, has registered two potential stablecoin-linked entities, Jcoin and Joycoin, through its fintech subsidiary, JD Coinlink Technology, according to a report by Hong Kong…
Pavegen, a UK-based clean technology company pioneering energy and data generation, on July 29 announced it has been selected to deliver a flagship installation at Cyberport 5, part of the HK$3.7 billion ($472 million) expansion of Cyberport, Hong Kong’s government-owned Innovation & Technology (I&T) hub. Installation is scheduled for September, ahead of the site’s full…
McDonald’s reassured its commitment to the Hong Kong market amidst this strategic assessment. Credit: Robert V Schwemmer/ Shutterstock.com. McDonald’s is set to sell eight prime retail properties in Hong Kong, valued at approximately HK$1.2bn ($152.89m), according to JLL, the appointed sole agent for the sale, reported Reuters. Despite the sale, the McDonald’s outlets at these…
Every summer, the Hong Kong International Film Festival (HKIFF) stages Summer IFF, a mini showcase that presents a crowd-pleasing smorgasbord of brand new festival delights, future cult favourites and restored classics from around the world. This year’s line-up includes a number of highlights from the latest Berlin and Cannes film festivals, including It Was Just…
More than half of the world’s artificial intelligence talent comes from the US and China, according to new research, which also highlighted Hong Kong’s role as a “superconnector”. The US and China accounted for 32.6 per cent and 22.4 per cent of global AI talent, respectively, according to the latest International Finance Forum (IFF) Global…