Hong Kong

Project attempts to realize goal of incineration of wastes without reaching landfills in the Chinese city.

Among the major changes are deletion of one residential tower and a three-level podium and removal of a basement carpark to reduce development bulk.

Approval of 24 applications for pre-sale consent for uncompleted residential units and 2 applications for uncompleted commercial developments are still pending.

Hong Kong incurred no unsettled forward contracts at the end of April and May.

The deal aims to cover 2 destinations in Mexico as it further expand reach to Latin America market.

Hard Rock International opened a Hard Rock Cafe in Hong Kong on June 7 as part of the expansion of its Asian portfolio. The restaurant is located at the Hotel LKF in Central and is set to be a must-see entertainment and dining venue for visitors and locals alike.

The Security Bureau has formed a task force to conduct a comprehensive review of the Daya Bay Contingency Plan and to formulate a large-scale exercise for early next year.

The impact of the Special Stamp Duty introduced in November on all sales with a holding period of less than 24 months is said to have faded.

The government’s measure to cool the property market, which had surged almost 70% since the beginning of 2009 had limited impact.

The luxury goods company taps China market, which is seen to be the world’s third-biggest market for luxury goods in 5 years.

Hong Kong is still seeking to widen its network of tax agreements with major trading and investment partners.

Cyberpoint now has 9 non-government directors and 2 government directors on its board.

The Secretary for Financial Services & the Treasury has begun a week-long visit to promote Hong Kong as China's global financial centre.

The Department of Health instructed the Baxter Healthcare Ltd., a licensed drug wholesaler, to recall three batches of Potassium Chloride Injection 20mEq/100ml.

The Centre for Food Safety called a stop on the use and sale of seven kinds of fruit juice/syrup and powder produced in Taiwan. These may have been contaminated with the plasticiser DEHP, or di(2-ethylhexyl)phthalate.  

Yahoo! Deals Service is Hong Kong’s first aggregated group buy service offering a single point of access for local bargain-hunters.