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Heavy rain puts Hong Kong on hold
/enpproperty--> HONG KONG - Hong Kong had been affected by heavy rain on Wednesday morning, with more than 20 cases of flooding reported, and schools and public services on halt. The city's observatory issued black rainstorm warning at around 4 am local time which had been in force for over five hours. More than 150 mm of rainfall were recorded over many parts of the territory. A total ...
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Hong Kong Disneyland unveils new attraction
Mystic Manor, the final chapter of Hong Kong Disneyland's current expansion project officially opened on May 17, 2013 to attract large numbers of tourists. [Photo: Xinhua] Mystic Manor, the final chapter of Hong Kong Disneyland's current expansion project officially opened recently, attracting large numbers of tourists. Featuring one of the most sophisticated systems ever built by ...
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Hong Kong opens up 0.18 after rains
HONG Kong stocks have opened up 0.18 per cent after the start of trading was delayed by a severe rainstorm warning, and following a strong lead from the US and ...
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Hong Kong stocks rise after storm-delayed start
HONG KONG (MarketWatch) -- Hong Kong stocks overcame tentative early trade to edge higher Wednesday, with property developers and Chinese banks rising in the wake of strong global and regional cues to offset losses for heavyweight HSBC Holdings PLC. The Hang Seng ...
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Road cave-in kills five people in China
A road in south China's Guangdong province caved in, killing at least five people, authorities said. The incident Tuesday occurred at the Huamao industrial park in Shenzen, a major city in the province in the southern tip of mainland China. Guangdong, adjacent to Hong Kong and Macau, has been hit by major flooding caused by heavy rainstorms that have claimed at least 33 lives. At the road ...
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Study says India Jordan Bangladesh Hong Kong worlds most racially intolerant
INDIA, Jordan, Bangladesh and Hong Kong are among the the most racist countries in the world - but Britain is among the most accepting of different races, a survey has found. The World Values Survey asked people in more than 80 countries what type of people they did NOT want as neighbours. More than 40 per cent of those quizzed in India, Jordan, Bangladesh and Hong Kong said they didn't ...
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China Galaxy soars 11 pct in debut after $1.1 bln Hong Kong IPO
HONG KONG | Wed May 22, 2013 1:12am EDT HONG KONG May 22 (Reuters) - China Galaxy Securities Co Ltd rose as much as 11.3 percent in its trading debut on Wednesday after raising $1.1 billion in a Hong Kong IPO, underscoring a surge in retail investors' demand for new listings in the city. The debut of China's seventh-biggest brokerage, and that of Sinopec Engineering (Group) Co ...
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IT leadership in the PRDs other SAR
Macau's tech gurus crowded into the Four Seasons Hotel on the Cotai Strip for the 2013 Macau CIO Leadership Forum, sponsored by Computerworld Hong Kong with Macao Computer Society as supporting ...
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Press Digest - Hong Kong - May 22
HONG KONG | Tue May 21, 2013 11:53pm EDT HONG KONG May 22 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. SOUTH CHINA MORNING POST -- Hong Kong's commercial crime bureau arrested three men on Tuesday after it was asked by the Securities and Futures Commission to take ...
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Hong Kong to open for afternoon as rains ease
LOS ANGELES (MarketWatch) -- Hong Kong's stock market was due to open at 1 p.m. local time for the afternoon session after the Hong Kong Observatory dowgraded its rain warning to "amber" from "black," indicating easing rains. The morning session was cancelled due to the ...
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Op-Ed Contributor Chinas Brutal One-Child Policy
LONDON ...
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Global Gaming Expo Asia 2013 Fahrenkopf - Macau should not fear competitors
Japan, Thailand, the Philippines or Singapore have been conquering space in the gambling world, but the president of the American Gaming Association believes that, even with more players in the market, Macau has nothing to fear. Speaking at the opening of the Global Gaming Expo Asia 2013, Frank Fahrenkopf said that with further competition Macau could only evolve as a primer gambling ...
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Galaxy to Spend Up to HK$60 Billion in Casino Expansion
Galaxy Entertainment Group Ltd. (27) , the Macau casino operator founded by billionaire Lui Che Woo, plans to spend as much as HK$60 billion ($7.7 billion) to expand operations on the increasingly popular Cotai strip. ...
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Macau hosts Asia’s largest gaming expo
Gambling machines are displayed at the Global Gaming Expo Asia, a three-day fair of gambling innovations at the glitzy Venetian hotel in Macau on May 21, 2013. The largest gaming event in Asia, showcasing the industry’s latest products, services and technologies, is taking place amid a decline in growth rates in the former Portugese colony’s gaming industry as China’s economic ...
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Dow Jones industrial average posts 22nd high of the year
Federal Reserve presidents and sent the Dow Jones industrial average to its 22nd high of the year Tuesday. Regional Fed Presidents James Bullard ...
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Kerry Logistics Deploys Hybrids in Hong Kong
The vehicles operating in Hong Kong are using a combination of fuel and battery-powered electricity. For two years, the logistics service provider will operate three conventional trucks in parallel to the new hybrid trucks, and a research team from Hong Kong Polytechnic University will compare performance, diesel consumption, and maintenance cost of the two ...
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Treat Hong Kong for HKs sake or the karma will never end
/enpproperty--> Richard Hughes's Borrowed Place, Borrowed Time: Hong Kong and Its Many Faces must be one of the most mentioned books among the city's intelligentsia. Few take the trouble to read it, but we have all heard of it because the title and especially Hong Kong's "many faces" both past and present are so full of diversified meanings that it is forever ...
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Half of The Rice in Guangzhou Is Polluted
Jeff Chiu/AP The latest in China's rolling cascade of food safety disasters comes from Guangzhou -- the capital of Guangdong province in southern China, and one of China's largest cities -- where 44 percent of rice samples were found to ...
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Extensive gold reserves discovered in northwest China
Geologists in China say they've found gold reserves in a northwestern province that could be worth $32 billion to the country's economy. The discovery was made in China's Xinjiang Uygur Autonomous Region, the country's state-run Xinhua News Agency reported Tuesday. The gold deposit in Xinyuan County in the Ili Valley is estimated to contain at least 53 tons, Zeng Xiaogang, ...
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Air Lease Corporation Announces the Placement of Two New Airbus A321-200s with Air Macau
LOS ANGELES--(BUSINESS WIRE)-- Today Air Lease Corporation ( ) announced long term lease agreements with Air Macau for two new Airbus A321-200 aircraft, which are scheduled for delivery in October 2014 and March 2015. "ALC has worked closely with Air Macau's management team since 2010 to provide fleet planning solutions that enhance their future operations. We are pleased ...
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Scotiabank says China reevaluating Guangzhou deal
By Cameron French TORONTO | Tue May 21, 2013 4:34pm EDT TORONTO (Reuters) - Bank of Nova Scotia (BNS.TO) Chief Executive Rick Waugh said on Tuesday that Chinese authorities are reevaluating whether they want to go ahead with a deal to sell 20 percent of Bank of Guangzhou to the Canadian bank. Scotiabank, Canada's No. 3 lender, announced the C$719 million ($698.09 million) purchase ...
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Macau economy punches way above its weight
Macau’s economy is set for a continued period of rapid growth over the next decade as Asia tops the charts in terms of revenue gained through gaming industries, but there is more to our little city-state than just casinos and hotels.
Macau is the Monaco of Asia. Although legally part of the Peoples Republic of China, this small little territory, just 29 kilometers squared and one of the most densely populated in the world, exists under the ‘one country, two systems’ policy of the Chinese government and therefore has its own internal legal system and political makeup. It is this which has enabled Macau, a tiny city-state with no natural resources, to develop one of the highest GDPs per capita in Asia, after Singapore. Read more
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