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HK economy stalls amid trade dispute: Finance chief

HK economy stalls amid trade dispute: Finance chief

18/2/2019 5:14:00 PM

HK economy stalls amid trade dispute: Finance chief

HONG KONG Hong Kong's economy stalled last year as the ongoing China-US trade dispute and retail woes dragged down local businesses, the city's financial chief said yesterday. Beijing and Washington have already imposed duties on more than US$360 billion (S$490 billion) in...

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Triad Trails: Former secret society members lead tour on Chinatown’s seedy past

SINGAPORE — Pointing to a row of shophouses along Pagoda Street leading up to Chinatown MRT Station, a heavily-tattooed man tells the group behind him that the shops used to be opium dens in the 19th century.

Hong Kong snares record haul of rhino horns from South AfricaHONG KONG: Hong Kong customs seized a record 40kg of rhino horns worth about HK$8 million (US$1 million) from Johannesburg en route to Vietnam, ...

Hong Kong pushes ahead with blanket ban on e-cigarettes, with maximum penalty of six months in jail and HK$50,000 fineTourists will have to abandon their e-cigarettes before entering Hong Kong, as the city prepares to roll out a blanket ban on alternative smoking products, with a maximum penalty of six months' imprisonment and a fine of HK$50,000 (US$6,370). A bill to amend the Smoking Ordinance, targeting e-cigarettes

Hong Kong snares record $1.4 million haul of rhino horns from South AfricaHONG KONG (REUTERS) - Hong Kong customs seized a record 40kg of rhino horns worth around HK$8 million (S$1.4 million) from Johannesburg en route to Vietnam, the latest bust for authorities trying to tackle the rising volume of endangered species trafficked through the Chinese territory.. Read more at straitstimes.com. Too little too late? No more illegal wildlife trading please?! When will the killing cease?

Valuetronics Q3 profit up 2.6% to HK$59.7mVALUETRONICS Holdings third-quarter net profit rose 2.6 per cent to HK$59.7 million (S$10.4 million), thanks to an increase in revenue from its industrial and commercial electronics business and a reduction in expenses, the electronics manufacturing services company announced on Tuesday. Read more at The Business Times.

HPH Trust posts Q4 net loss of HK$12.11b on recognition of impairment lossesTHE recognition of non-cash impairment losses of HK$12.29 billion (S$2.12 billion) in the fourth quarter heavily dampened results for Hutchison Port Holdings Trust (HPH Trust) for the three months ended Dec 31, 2018. Read more at The Business Times.

Hong Kong port slips from global top five for first time[HONG KONG] Hong Kong's port, which once vied with rival Singapore for global dominance, has slipped out of the world's top five busiest shipping container terminals for the first time, new data has revealed. Read more at The Business Times.

Brokers' take: OCBC downgrades HPH Trust to 'sell'; DBS maintains 'hold'OCBC Investment Research has downgraded its call on Hutchison Port Holdings Trust (HPH Trust) from 'buy' to 'sell', on the back of an unexpected HK$12.3 million (S$2.1 million) non-cash impairment loss, while DBS Group Research has maintained its 'hold' rating on the counter, with a target price of US$0.26. Read more at The Business Times.

Hong Kong economy stalls amid trade dispute: Finance chiefHong Kong's economy stalled last year as the ongoing China-US trade dispute and retail woes dragged down local business, the city's financial ...

HK's unique position in illegal wildlife tradeHONG KONG • It was after dark on a Tuesday evening in December 2017 when the vans pulled into Island House Lane, a placid side street of residential complexes and community gardens in suburban Tai Po. Across the harbour was Tolo Channel, and jagged hills descending into the sea all the way to the coast of China's Guangdong province.. Read more at straitstimes.com.