A CK Asset residential project in Hong Kong is in the spotlight after the anti-corruption agency arrested 10 suspects and uncovered subcontractors allegedly offering incentives to site supervisors in exchange for lax oversight of subpar steel reinforcement work. The latest bribery scandal is not the only hiccup for the project in Kwun Tong, which had…
Hong Kong police have arrested 99 people, with the youngest being 13, in a citywide crackdown on drug trafficking this month, seizing 220kg (485lbs) of narcotics worth HK$117 million (US$15 million). Senior Inspector Ho Ho-ting of the narcotics bureau said on Tuesday that a series of arrests had been made between April 20 and 26,…
Hong Kong police have arrested 99 people, with the youngest being 13, in a citywide crackdown on drug trafficking this month, seizing 220kg (485lbs) of narcotics worth HK$117 million (US$15 million). Senior Inspector Ho Ho-ting, of the Narcotics Bureau said that a series of arrests had been made between April 20 and 26, concluding a…
Judging by the robust post-stimulus home sales in Hong Kong over the weekend, analysts agree higher loan financing and cheaper borrowing costs have helped lift buying sentiment. The government can certainly dig deeper into its toolbox for reinforcement, if needed. CK Asset Holdings and MTR Corp sold more than 80 per cent of the 248…