High rise private residential buildings are seen in Hong Kong, China May 21, 2017. Picture taken May 21, 2017. REUTERS/Bobby Yip Low interest rates and an influx of capital have buoyed sentiment for residential real estate, where prices have fallen 30% since 2021. Yet developers like New World have a record 28,000 units of unsold…
A Hong Kong dollar note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration/File Photo HONG KONG, June 24 (Reuters Breakingviews) – Whenever some aspect of Hong Kong’s U.S. dollar peg appears askew, observers suggest that the scheme’s end is nigh — or has already arrived. This time, it’s the persistent wide gap…
A view shows the headquarters of New World Development at New World Tower, in Hong Kong, China September 27, 2024. REUTERS/Tyrone Siu/File Photo HONG KONG, June 19 (Reuters Breakingviews) – A property giant’s struggle to secure an $11 billion debt refinancing is keeping regulators and bankers in Hong Kong on edge, for good reason. A…
Speech by SCST at opening ceremony of 39th International Travel Expo Hong Kong and 20th MICE Travel Expo Following is the speech by the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, at the opening ceremony of 39th International Travel Expo Hong Kong and 20th MICE Travel Expo today (June 12): Mr KS Tong…
Hong Kong’s leader has rejected a proposal from the taxi industry for the government to repurchase licences that have depreciated in recent years due to competition from online ride-hailing services, saying the documents have always given cabbies exclusive rights. Chief Executive John Lee Ka-chiu also said on Tuesday that online ride-hailing was an “irreversible trend”,…
Police National Security Department arrests one man and four women The National Security Department of the Hong Kong Police Force yesterday (June 2) arrested a man and four women, aged between 24 and 38, for “conspiracy to commit terrorist activities”. Investigation revealed that the arrested persons were allegedly involved in sending messages to police via…
Hong Kong police have launched a manhunt for a robber who held up a Hang Seng Bank branch with a knife and injured a staff member before fleeing with HK$370,000 (US$47,180). Wearing a face mask and cap, the man entered the bank alone at Fortune City One shopping centre on Ngan Shing Street at about…
Hong Kong Customs and Travel Industry Authority conduct enforcement operation against unlicensed travel agent Hong Kong Customs and the Travel Industry Authority (TIA) conducted a joint enforcement operation on May 27 against an unlicensed travel agent. Customs officers arrested a 62-year-old male proprietor of the agent who was suspected of providing a travel agent service…
Remarks at Working Group on Developing Tourist Hotspots press conference The Deputy Chief Secretary for Administration, Mr Cheuk Wing-hing, held a press conference today (May 20) on projects to be implemented by the Working Group on Developing Tourist Hotspots together with the Secretary for Culture, Sports and Tourism, Miss Rosanna Law; the Under Secretary for…
SCMA visits Egypt to promote development opportunities in GBA The Secretary for Constitutional and Mainland Affairs, Mr Erick Tsang Kwok-wai, and the Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area, Ms Maisie Chan, are on a duty visit to Egypt from May 17 to 20 to promote the development opportunities of the…