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Hong Kong News

  • Uganda denies minister was bribed by former Hong Kong home affairs secretary Patrick Ho

    HONG KONG, 2017/11/29 US Department of Justice claims Ho considered setting up yuan exchange centre in Uganda with the family of foreign minister Sam Kutesa. Uganda on Friday rejected US accusations that its foreign minister curried favour with a Chinese energy firm in return for US$500,000 in bribes from Patrick Ho Chi-ping, Hong Kong’s former home affairs secretary presently under arrest in the US on corruption charges. According to the Department of Justice in the United States, Ho was contemplating last year setting up Africa’s initial yuan exchange centre in Uganda by collaborating with the family of foreign minister Sam Kutesa.
  • A Stronger Australia in Southeast Asia?

    AFGHANISTAN, 2017/11/02 Early next year, Sydney will play host to a appropriate summit between Australia and the members of the Association of Southeast Asian Nations (ASEAN), which is commemorating its 50th anniversary this year. But as we approach that conference, questions remain about what role Canberra should really play in Southeast Asia amid concerning developments within the subregion, vexing security issues in Asia additional broadly, and uncertainty over the role of other powers inclunding the United States. Australia’s position and standing as a wealthy, Western-oriented country in the region, one would think, would give it an chance at the negotiating table where critical issues like North Korea and a potential conflict in the South China Sea will dictate the broader schedule. And some analysts continue to argue that the Australian government should take a additional proactive stance with ASEAN, which is facing difficult times as individual members take unilateral action to silence dissent, upsetting civil rights groups and a lot of in the West.
  • The downsides to Singapore’s education system: streaming, stress and suicides

    CHINA, 2017/09/23 Singapore’s education system is reputed for producing children who top the world rankings in standardised tests. The city national took initial place in the last Pisa (world education rankings. The country’s school system is geared towards high succcess in exams, but the emphasis on rote learning and memorisation, combined with pressure to succeed, affects children’s social skills, health and in general happiness .Run by the Organisation for Economic Co-operation and Development, Pisa tests, conducted each three years, are intended as a measure of problem-solving and cognition. From presently on Singapore’s superiority in the rankings may be coming at an equally high price.
  • Going green: the changing face of corporate finance

    CHINA, 2017/09/23 Corporate finance is evolving. Top management teams and senior company executives are under growing pressure to adopt management practices and investment choices that are both socially responsible and financially rewarding. These objectives can sometimes be at odds with each other. The pressure for firms to be socially responsible is growing at a rapid pace. This is authentic particularly in the Better China region, which is fast establishing itself as a specialist hub for energy finance. To see this, one may consider two defining milestones of 2017, affecting corporations operating in the region.
  • UNWTO: International tourism – strongest half-year results since 2010

    AFGHANISTAN, 2017/09/09 Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010. Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
  • China’s president Xi in landmark visit to Hong Kong

    CHINA, 2017/07/01 President Xi Jinping arrives in Hong Kong on Thursday to mark 20 years since it was handed back to China by Britain, with leading democracy activists by presently in police custody next a turmoil in the politically divided city. The three-day visit is Xi’s initial since becoming leader in 2013 and comes at a time at the same time as there are growing fears that Beijing is threatening semi-autonomous Hong Kong’s freedoms.
  • Asian energy firms fired up by rally in oil prices

    HONG KONG, 2017/06/02 Oil prices pressed on with fresh gains in Asian trade on Tuesday, boosting energy firms, next Russia and Saudi Arabia indicated they could extend an output cut into next year. The world's top two crude-producing nations raised the idea at the weekend, with a transaction agreed between OPEC — of which Saudi Arabia is the key player — and Russia coming to an end in six weeks. The news sent oil prices soaring about 2 % on Monday, in turn dragging world energy firms with them.
  • Hong Kong Entrepreneur Day opens with record exhibitors

    HONG KONG, 2017/05/29 The ninth edition of the HKTDC Entrepreneur Day opened today to a record of additional than 270 exhibitors. Organised by the Hong Kong Trade Development Council (HKTDC), the two-day event (19 to 20 May) is taking place at the Hong Kong Convention and Exhibition Centre and is open to the public for free. “The event is the HKTDC’s flagship event for entrepreneurs,” said HKTDC Executive Director Margaret Fong. “As additional and additional young people become interested in entrepreneurship, their request for start-up support is continually rising.”
  • Saving face on the Korean Peninsula

    CHINA, 2017/05/07 Kim Jong-un sees nuclear capability as almost his sole source of regime security and he is not going to give it up, no matter how strong the pressure. He is not stupid. All he has to do is to look at the history of Iraq and Libya, where neither dictator had nuclear weapons. So if the United States insists on de-nuclearisation of the peninsula, presumably that would require regime change, and regime change is unlikely without the use of force. War in the area would be hugely destabilising and potentially disastrous. No one in their right mind should want that. China is right to urge negotiations, but what is to be negotiated? Kim is not going to negotiate away his own security by giving up his nuclear capability. But if China exerts sufficient pressure, he may acknowledge to stop testing.
  • Despite UK deal, MTR CEO says Hong Kong still key market

    HONG KONG, 2017/03/31 Despite growing investment in overseas rail networks, Hong Kong remains MTR Corporation's primary market, its CEO, Lincoln Leong, told CNBC's "Squawk Box" on Friday. Hong Kong rail operator MTR has secured a 30 % share in one of U.K.'s major rail franchises, South Western Trains, in conjunction with Initial Group. "This franchise carries around 230 million passengers each year in a network that spans about 1,000 kilometers, so we're very pleased that the U.K. government has recognized the contribution which Initial Group and MTR can bring," Leong said.