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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 ››

10, 000 applications received for Guangdong scheme

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It'll be implemented on 1 October. According to a release, the Guangdong Scheme, which allows Hong Kong retirees living in Guangdong to receive their monthly old age allowance of $1,135 without returning to collect it each year, has received about 10,380 applications so far. Read ››

Why ASMP is vulnerable to a stock overhang

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There's a potential sell-down by parent company. According to Maybank Kim Eng, ASMP could face a stock overhang arising from a potential sell-down by parent ASM International (ASMI).  On 13 Mar 2013, ASMI sold 11.9% (47.4m) of ASMP shares to reduce its stake to 40.1% from 52%. Read ››

Hong Kong inks equine pact with Mainland

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Expert group and joint conference underway. According to a report, Secretary for Food & Health Dr Ko Wing-man and Vice Minister of the State General Administration of Quality Supervision, Inspection & Quarantine Wei Chuanzhong signed an agreement last Thursday in Beijing on the inspection and quarantine of Hong Kong race horses. Read ››

Tech funds applications roll out

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Deadline is on 10 October. According to a report, the Innovation & Technology Commission is inviting applications for fund support for research and development projects under the 2013 Guangdong-Hong Kong Technology Co-operation Funding Scheme. Read ››

Elder academy funds unveiled

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Applications should be sent by 31 October. According to a report, the Committee on Elder Academy Development Foundation is inviting funding applications from tertiary institutions and school-sponsoring bodies of secondary and primary schools interested in setting up elder academies. Read ››

Lantern carnivals to roll out on September 19-21

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Folk songs, dance, acrobatic performances to be featured. According to a report, the Leisure & Cultural Services Department's Mid-Autumn Festival lantern carnivals will be held in Victoria Park, Sha Tin Park and Tuen Mun Park from September 19 to 21, under the "Vibrant Hong Kong" theme of the "Hong Kong: Our Home" Campaign. Read ››

Youth festival looks at Hong Kong’s economy

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Also explores Asian future development. The 2013 Boao Youth Forum (Hong Kong) began yesterday with more than 1,000 participants exchanging ideas on Asian economic trends, education and culture. Read ››

Heritage Fiesta events kick off

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They will run until 31 October. According to a report, "Hong Kong: Our Home" Campaign’s signature event Heritage Fiesta 2013 will run from now until October 31. Read ››

Light pollution in Hong Kong is world’s worst

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Study confirms HK the most light polluted city on Earth. Read ››

Basic Law expo rolls out in Tuen Mun

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It will be held on September 7-8. According to a report, the roving Basic Law exhibition will be held on September 7 and 8 in Tuen Mun. Read ››

Two home sites fetched a whopping $3.461b

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Here are the winning bidders. In a report, the Lands Department announced today that tenders for two residential sites have been awarded on 50-year land grants at a total premium of $3.461 billion. Read ››

Here's the consequence to Sa Sa's sales growth in 2Q FY13

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There might be high base effect. Sa Sa attended Barclays conference Tuesday (3 September). Read ››

Fine wine auction set for September 13 and 14

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Venue will be the Island Shangri-La and Grand Hyatt Hong Kong. Read ››

Elderly vouching scheme to kick off this month

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1,200 initial vouchers to be issued. According to a report, the Social Welfare Department will launch the first phase of the Pilot Scheme on Community Care Service Voucher for the Elderly in September, allowing seniors to choose the service package that suits their needs. Read ››

Medical research fund unveiled

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Here's how to qualify. According to a report, applications for the Health & Medical Research Fund opened today. Read ››

Two Sheung Wan properties open for tender

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Bidding is open until 24 September. According to a report, the Government Property Agency is inviting tenancy bids for two Sheung Wan properties, which must be used for the operation of cross-boundary ferry businesses. Read ››

MTR Corp's earnings hit 14.1% to HKD7.3b

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Here's why analyst is quite impressed. In a report, Moody's Investors Service says the MTR Corporation Limited's (MTRC) 1H 2013 results were in line with Moody's expectations, and will not immediately impact its Aa1 issuer and senior unsecured ratings. Read ››

Yuen Long restaurant suspended for two weeks

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It was also fined $11,000. According to a report, the Food & Environmental Hygiene Department has ordered a Yuen Long restaurant to suspend business for two weeks. Read ››

Why Bolina's 1H13 results were disappointing

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Sales in China were lacklustre. According to Maybank Kim Eng, Bolina’s NPAT of CNY117m (-12.3% YoY, 41% of our FY13 earnings forecast) was 13% below our estimates on weaker-than-expected revenue (CNY412m, +3.2% YoY, 42% of our FY13F estimates) and gross margins (down 11bps YoY to 47.74% vs our projection of +1ppt YoY). Read ››

Hong Kong to shell out $1.16m in flood assistance to India

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After getting a nod from the Disaster Relief Fund Advisory Committee. Read ››

2 biggest reasons why Samsonite is going to be impressive in 2H

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Its multi-brand strategy will drive market share. Maybank Kim Eng continues to be positive on Samsonite. Read ››

Kingsoft Corporation's gross profit up 9% to RMB430.5m

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Steady development from major business lines. In a release, Kingsoft Corporation Limited announced its unaudited quarterly and interim results for the three and six months ended 30 June 2013 respectively. Read ››

Sustainable Development Fund splurged $6.4m in 6 new projects

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Check out the winning ideas. Read ››

17 historic school buildings to be unveiled in September, October

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This is for Heritage Fiesta 2013. According to a release, seventeen historic school buildings and 13 study halls will be open to the public in September and October, for Heritage Fiesta 2013. Read ››

Cases of HIV infections hit 123 in 2Q13

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2 got infected through drug injection. According to the Centre for Health Protection, a total of 123 cases of HIV infections were reported in the second quarter of 2013. Read ››

FS John Tsang to fly to Guangzhou for SmartHK expo

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SmartHK will open tomorrow. Financial Secretary John Tsang will visit Guangzhou today for the opening ceremony of SmartHK tomorrow. Read ››

Melco International reveals new partner in Russia

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It also eyes expansion in Philippines, Macau. According to Maybank Kim Eng, Firich (8076 TT, Not Rated), a company listed in Taiwan, has announced that it will spend USD18.9m to acquire a stake in Oriental Regent (who owns 50% stake in FGCE; a company that holds the gaming license in the integrated entertainment zone of the Primorye Region). Read ››

HKCPEC meeting set for August 28

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Public is welcome to the open session. The Hong Kong Committee for Pacific Economic Cooperation (HKCPEC) announces that its 51st meeting is now open for public enrolment. Read ››

Tsuen Wan restaurant suspended for 3 weeks

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It violated several regulations. According to a report, the Food & Environmental Hygiene Department has ordered a Tsuen Wan restaurant to suspend business for three weeks for failing to keep the food room clean, and for illegally extending the business area. Read ››