Hong Kong’s competition watchdog is closely monitoring a potential megadeal between the city’s two largest supermarket chains amid a continued decline in grocery sales since 2020. The Competition Commission told the South China Morning Post that it was aware of media reports about the potential merger. “The commission is aware of the relevant media reports…
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. An independent committee investigating the cause of Hong Kong’s deadliest inferno in decades is expected to conclude its first round of evidential hearings on Thursday, with the role of the property management firm at…
At least two bid-rigging syndicates could be linked to the HK$336 million (US$43 million) renovation bid for a housing estate destroyed in Hong Kong’s deadliest fire in decades, a lawyer for the competition watchdog has said at the fourth session of an evidential hearing. Lester Lee Hiu-leung, the Competition Commission’s executive director for legal services,…
Hong Kong authorities are facing mounting pressure from lawmakers to roll out more measures to rein in surging fuel prices, including a requirement for firms to disclose pricing formulas when bidding for petrol stations – an idea the environment minister said could be considered. Secretary for Environment and Ecology Tse Chin-wan told the Legislative Council…
Hong Kong’s anti-corruption watchdog has charged five people over alleged bribes – including casino chips and red packets – offered to flat owners and owner corporation members during large-scale renovation projects, worth about HK$90 million (US$11.5 million), at three housing estates. The Independent Commission Against Corruption (ICAC) on Wednesday disclosed details of its crackdown on…
A lawyer for the Hong Kong government has rejected “groundless” assertions that its surveyors conspired with a renovation contractor at the centre of the city’s deadliest fire in decades to conceal flammable materials used at the site, suggesting the firm did not have enough time to plan a deception before a crucial inspection. But Jenkin…
An independent committee set up to investigate Hong Kong’s deadliest fire in decades has named 14 members of Wang Fuk Court’s former owners’ corporation management group and seven residents as “involved parties” to give evidence at its hearings. The seven were among a list of 37 involved parties published on Tuesday by the committee ahead…
Hong Kong will continue its efforts to expand business opportunities in the Middle East despite recent geopolitical tensions, as the city remains a safe and stable investment hub amid global volatility, Chief Executive John Lee Ka-chiu has said. Despite his optimism, Lee conceded that the conflict in the Middle East had affected Hong Kong through…
The provisional administrator of the housing estate ravaged by Hong Kong’s deadliest fire in decades will attend hearings of the independent committee “as necessary” to represent the “common interests” of the owners’ corporation, the city’s home affairs chief has said amid criticisms that displaced residents lack legal representation in the probe. Secretary for Home and…
Some residents of Tai Po’s Wang Fuk Court have urged an independent committee investigating Hong Kong’s deadliest fire in decades to identify and hold those responsible to account, as the judge leading the inquiry vows a fair and thorough probe. The committee’s first hearing began at 10am on Thursday with a minute of silence to…