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Sha Tin restaurant ordered to shut down

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For illegally extending business area. According to a report, the Food & Environmental Hygiene Department today cancelled a Sha Tin restaurant's licence. Read ››

Tseung Kwan O site fetched a whopping $428m

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Here's the winning bidder. In a report, the Lands Department announced today that the tender for a Tseung Kwan O site has been awarded on a 50-year land grant at a premium of $428 million. Read ››

Here's what to blame for SaSa's disappointing sales growth

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It reported only 11% sales growth. According to Maybank Kim Eng, number of local retailers disclosed their retail sales performance during Golden Week yesterday. Read ››

Samsonite's 3Q sales growth pegged at 13-15%

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Will it be badly affected by Asia's slowdown? Maybank Kim Eng expects Samsonite's total 3Q sales growth to come in at 13-15%, similar to 1H13.  Here's more: We now forecast Asia (40% of sales) to grow 14.8% YoY, vs. Read ››

Cycle track to be completed by end-2013

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It'll be between Ma On Shan and Sheung Shui. In a report, Secretary for Transport & Housing Prof Anthony Cheung says construction of a cycle track between Ma On Shan and Sheung Shui is underway and is scheduled for completion by the end of the year. Read ››

Moscow Expo to strengthen HK ties with Russia

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Exhibit will run until 14 November. Secretary for Home Affairs Tsang Tak-sing will kick off Hong Kong’s first exhibition in Moscow today, aimed at building stronger cultural and economic links with Russia. Read ››

Genting Hong Kong's Casino JV slashes target of Philippine IPO

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Eyes to raise about SGD1.22b. According to OSK, the proposed initial public offering of a Philippine casino joint venture between Genting Hong Kong and Alliance Global Group looks to raise about SGD1.22b. Read ››

Customs seized $2.8m worth of smuggled cigarettes

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Syndicate already shut down. According to a report, customs officers have shut down a cigarette smuggling syndicate and seized cigarettes worth $2.8 million, with a duty potential of $2 million. Read ››

Alert issued against bogus website

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Public warned against the address In a report, the Monetary Authority issued an alert on fraudulent website, which looks similar to the Hong Leong Bank Berhad's official site. Read ››

Three-year tenancy for staff canteen site invited

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Tender applications must be made by 29 October. According to a report, the Government Property Agency is inviting bids for a three-year tenancy for the Ma Hang Prison Staff Canteen Block, for canteen purposes only. Read ››

Hutchison Whampoa's rating unfazed by Hong Kong Electric spin-off

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But it would have greater impact on CKI. In a report, Fitch Ratings said today that Hutchison Whampoa Limited's (Hutchison) Long-Term Issuer Default Rating of 'A-' with Stable Outlook is not affected by Power Assets Holdings' (PAH) plan to spin off Hong Kong Electric Company. Read ››

Hong Kong mulls low-income supplement

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NGOs, political parties to be consulted. According to a report, Secretary for Labour & Welfare Matthew Cheung says the Government is seriously exploring the idea of providing a low-income supplement for working families with particularly dependent children. Read ››

New postage rates rolled out

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Two new stamps also issued. According to a report, new postage rates took effect today, and Hongkong Post also issued two new stamps bearing "Local Mail Postage" and "Air Mail Postage”. Read ››

New Cathay Pacific lounge at HKIA

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It will be a single class lounge. Cathay Pacific will inaugurate its newest lounge at Hong Kong International Airport by the third week of October. Read ››

HKEx launches new data products for subscription

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Also introduces new system in its securities market. Hong Kong Exchanges and Clearing Ltd has launched new historical securities and derivatives data products for subscription. Read ››

Air quality plan unveiled

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Sets target for 2015 through 2020. According to a report, the Environment Bureau has welcomed the Shenzhen Air Quality Enhancement Plan released on September 27, which sets out clear air quality targets as well as air pollution prevention and control measures for Shenzhen. Read ››

UOB, ANZ eye Hong Kong's Wing Hang Bank

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Wing Hang Bank has a market cap of $4.7b. Acording to a report by Reuters, Singapore's United Overseas Bank Ltd (UOBH.SI) and Australia & New Zealand Banking Group Ltd (ANZ.AX) are considering a bid for Hong Kong's Wing Hang Bank Ltd. Read ››

Hong Kong housing expo rolls out

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It'll be open until 2 March. To mark the 60th anniversary of Hong Kong's public housing development, the Housing Authority, in collaboration with the Antiquities & Monuments Office and the Chinese University of Hong Kong, will hold the Growing Up With Public Housing exhibition from today until March 2. Read ››

LPG prices to rise in October

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There'll be a 20-21 cents a litre hike. In a report, the Electrical & Mechanical Services Department announced that liquefied petroleum gas ceiling prices for dedicated filling stations will range from $4.61 to $5.07 a litre in October, a rise of 20 to 21 cents a litre. Read ››

Hong Kong films tour Europe

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Part of the annual Hong Kong Film Panorama. The Hong Kong Economic and Trade Office, Brussels (HKETO, Brussels) opened the Hong Kong Film Panorama at the Musee d'Aquitaine in Bordeaux, France on on September 23. Read ››

Hong Kong's crime rate fell 3.5%

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Violent crime down 5.1%. According to a report, Hong Kong’s overall crime dropped 3.5% in the first eight months of 2013, compared with the same period last year. Read ››

Hong Kong challenges Guizhou companies to go global

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InvestHK asks firms to access overseas markets through HK. Invest Hong Kong hosted a seminar in Guiyang, Guizhou to encourage Guizhou companies to go global through Hong Kong. Read ››

Bolina investors worry over inflation, property curbs, competitive market

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But here's some good news. According to Maybank Kim Eng, investors’ concerns centred on Bolina’s high profitability and upcoming business development strategy as well as the chairman’s long-term vision. Read ››

$11.7b mooted for diesel phase-out

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Air quality improvements in the works. According to a report, the Environmental Protection Department has raised by $3 billion its proposed subsidy to phase out pre-Euro IV diesel commercial vehicles, to a total cost of $11.71 billion. Read ››

New US Consul says USA will encourage freedom in Hong Kong

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Vows that US will not be silenced by China. U.S. Read ››

$648,000 grant approved for flood victims

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Evaluation report to be submitted post relief ops. According to a report, the Government has accepted the Disaster Relief Fund Advisory Committee's advice and approved a grant of $648,000 from the Disaster Relief Fund to Social Workers Across Borders for flood victims in Heilongjiang. Read ››

New ID check system to roll out on 28 September

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ID holders to receive subsidised services. According to a report, the Hospital Authority and the Department of Health will require people attending hospitals and clinics to present their Hong Kong identity card to verify their resident status through a new online checking system from September 28. Read ››

HK considers ABS for law firms

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Move will increase competition. Proposals to allow non-lawyer ownership of firms in Hong Kong could provide significant opportunities for United Kingdom Alternative Business Structures or ABS. Read ››

North Lantau Hospital starts operations on 24 September

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Specialty services to be offered soon. According to a report, the North Lantau Hospital will start patient services in phases from September 24 to cope with Tung Chung district's development and meet the community’s medical needs. Read ››

APEC 2014 meeting to be held in Hong Kong

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China to assume Chairmanship next year. According to a report, the APEC Finance Ministers' Meeting 2014 will be held in Hong Kong, hosted by the Ministry of Finance. Read ››

Dragonair flights to resume gradually today

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Resumption starts 12 noon. In a release, Dragonair today (Monday, 23 September) announced that as Typhoon Usagi is moving away from Hong Kong, the airline will gradually resume flight services from 12 noon today, weather and safety conditions permitting. Read ››

Government property tenancies unveiled

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Bidders can inspect the sites until 7 October. According to a report, the Government Property Agency is inviting tenders for separate three-year tenancies of a Sai Kung property at 65 Man Nin Street, and a Passenger Terminal Building canteen in the Shenzhen Bay Port Hong Kong Port Area. Read ››

Customs seized $1.6m worth of cocaine

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24-year old woman arrested. According to a report, customs officers arrested a 24-year-old woman from São Paulo, Brazil at the airport yesterday and seized 1.7 kg of cocaine worth $1.6 million. Read ››

Two home sites fetched $2.53b

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Here are the winning bidders. In a report, the Lands Department said tenders for two residential sites have been awarded on 50-year land grants at a total premium of around $2.53 billion. Read ››

Hong Kong not yet sold on flexible working hours

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Lags behind China, Taiwan and Singapore. A just released 2013 Regus Global Economic Indicator by global workplace provider Regus showed that just 36% of managers in Hong Kong work remotely. Read ››

National Bank of Fujairah opens HK subsidiary

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Will enhance trade between Middle East and Asia. The subsidiary is named NBF Trade Services (HKG) Ltd. Read ››

HKEx studied as model for demutualization by Sri Lanka

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Colombo Stock Exchange will demutualize next year. A delegation from Sri Lankan consisting of bankers and government officials have studied the demutualization process of the Hong Kong Exchanges and Clearing Ltd (HKEx) as Sri Lanka prepares to demutualize its own exchange. Read ››

MGM Cotai all set for launch in mid-2016

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Here's how it's going to be game changer. According to Maybank Kim Eng, by mid-2016, MGM's single-casino image will be history with MGM Cotai onboard. Read ››

Fire Dragon Dance kicks off on September 18

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67-metre fire dragon to parade. According to a report, a highlight event of the "Hong Kong: Our Home" Campaign, the Tai Hang Fire Dragon Dance, in which a 67-metre fire dragon will parade through the streets of Tai Hang, will take place from September 18 to 20. Read ››

Hong Kong sends RBS trader to prison

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She was sentenced for creating false bond trading records. The District Court has sentenced Shirlina Tsang, a former Royal Bank of Scotland trader, to four years and two months in jail for trying to hide losses of nearly HK$240 million. Read ››