China 

Hong Kong protests, government ‘inability’ to address concerns damaging business confidence, Fitch warns

Hong Kong’s current political unrest and rising public distrust in the government run the risk of damaging business confidence and eroding the quality and effectiveness of governance, Fitch Ratings warned on Tuesday.Protests featuring diverse groups, with widening demands underscoring the steady rise in social and political divisions in recent years, emanated mainly from the deep-seated apprehension of the erosion of autonomy under “one country, two systems”, as well as economic inequality and… Source link

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Home 

Hong Kong can address growing economic anxiety by tackling forced retirement and age discrimination

As usual, both sides underestimate each other – especially as people live so much longer, there are now many more ages and more scope for acquiring experience. My 86-year-old mother-in-law can match most youngsters on email and WhatsApp. I’m old enough to actually remember following the journey of the Apollo 11 moon shot every minute of my waking hours – so I know that it really did happen. Alternatively, the young are not easily led astray – have you ever tried to tell your children what to do? The battle…

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Singapore 

MOH, CPF Board address allegations that cancer-stricken woman forced to seek treatment at private hospitals, Singapore News

SINGAPORE – The Health Ministry (MOH) and the Central Provident Fund (CPF) Board have issued a statement to correct what they described as misleading information that had been put out after a couple went public with their difficulties in paying for cancer treatment. The statement on Friday (July 12) denied allegations that the cancer-stricken wife was forced to seek private treatment at Parkway Cancer Centre (PCC) and Mount Elizabeth Hospital, and not the National of University of Hospital. MOH and the CPF Board also highlighted the help made available to…

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Global 

G20 overshadowed by gloomy mood as world economy turns to central banks to address red warning signs

Central banks are resuming their first-responder role as the world economy runs into trouble even if they lack the firepower they once had at their disposal.With Australia cutting interest rates on Tuesday for the first time in three years and India likely to follow on Thursday, monetary policymakers are again seeking to shore up weak growth and inflation.US Federal Reserve chairman Jerome Powell signalled an openness to loosening if necessary, and European Central Bank officials are poised on… Source link

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Home 

Time is ripe for Huawei to launch an IPO, to address political and security concerns once and for all

Huawei, China’s leading telecoms and consumer electronics company, has dominated headlines in the past year. The company is at the centre of the economic conflict between the United States and China, and targeted by US policymakers for its alleged links to the Communist Party of China. The Commerce Department recently took the dramatic step of placing Huawei on its “entity list,” limiting its ability to buy critical US components.We are in no position to judge the veracity of the allegations… Source link

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Property 

Wheelock gets second time lucky, finds buyer for house in Asia’s priciest address after offering extra sweeteners

The developers of Mount Nicholson, Asia’s priciest address, have found a new buyer for a 7,978 square feet villa, four months after the previous buyer reneged on a deal.On Monday, Wheelock Properties sold House 16 at the ultra exclusive development on The Peak for HK$720 million (US$91.74 million), or HK$90,248 per square foot. It was also HK$1.88 million, or 0.3 per cent, cheaper than the cancelled sale.Wheelock did not identify the buyer.The new deal allows for the transaction to be completed… Source link

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Home 

Ping An says artificial intelligence can address car insurance issues arising from three policies on Hong Kong-Zhuhai-Macau Bridge

Anyone who has driven on the Hong Kong-Zhuhai-Macau Bridge knows that they need three insurance policies – an expensive and complicated process. But insurers say that the problem can be solved through regulatory changes and use of technology, so as to encourage more cross-border travel in the “Greater Bay Area”.Ping An Insurance (Group) said artificial intelligence technology can help mitigate a lot of the problems faced by insurers and policy holders because of the unique situation of “one… Source link

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Hong Kong government must consider all possible options to address long-term land supply

The Hong Kong government recently accepted the recommendations proposed by the Task Force on Land Supply, providing eight options and strategy, which it considers worthy of further studies and implementation.These options – three short-to-medium term and five medium-to-long term – can provide 3,225 hectares of land in total. The former includes developing brownfield sites, tapping into private agricultural land reserves in the New Territories and alternative uses of sites under private… Source link

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Home 

Everybody’s rushing for a Shenzhen address, betting tech investments will pick up in Greater Bay Area

Eric Ng runs an IT start-up in Hong Kong but he operates a back-office in Shenzhen’s IT cluster of Nanshan. He pays 12,000 yuan (US$1,793) a month in rent for a 30 square metre office in the almost 20-year-old Keyuanxi Building – 40 per cent more than the going rate in Futian – as he wanted to be in the same neighbourhood as tech giants Tencent and Huawei.Here Ng employs a staff of six for back-end programming and web development for his food takeaway app called Goforeat, which, he says,…

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Singapore 

Owner of unusual koi tank to appeal to keep it, will try to address HDB’s concerns: Baey Yam Keng, Singapore News

SINGAPORE – There might be hope yet that an unusual koi tank built on the doorsteps of a Housing Board flat could be retained, with the owner now working with the Tampines Town Council to address safety concerns. The Housing and Development Board (HDB) had said on Tuesday (Jan 15) that the tank would have to be removed, as it poses safety concerns that “could potentially lead to injuries or fatalities”. These concerns include the risk of the glass tank shattering or children climbing into the tank. The Tampines Street…

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