Hong Kong

Manager of unlicensed Mong Kok guesthouse slapped with fine

Manager of unlicensed Mong Kok guesthouse slapped with fine

A man was fined $3,000 at the Kowloon City Magistrates' Courts for managing an unlicensed guesthouse in Mong Kok.

Hong Kong’s foreign currency reserve assets down by US$.2bn

The Monetary Authority of the world’s 10th largest holder of foreign currency reserves said there were no unsettled forward contracts at the end of March and February.

Lands Department issues 3 pre-sale consents

The department had 20 applications for pre-sale consent for uncompleted residential units and 4 for uncompleted commercial developments at the end of March..

HSBC Insurance unveils EarlyIncome Annuity Plan

The product to provide savings, protection and a stream of income for retirement as it offers regular monthly annuity payment as early as one year after the plan starts.

Hong Kong, Mainland issuers led global IPO activity with 110 deals

This accounts for 38% of total deals globally and valued at US$18.3 billion.

Employment guide reveals who's hiring:Morgan McKinley

The FMCG, retail and luxury are the most active employers within the commerce and industy.

Chinese medicine with excessive pesticide residues recalled

The Department of Health found a proprietary Chinese medicine named Specific Qingyin Wan to contain excessive pesticide residues.

Hong Kong PMI expands for 21st straight month

PMI bounced back from the Lunar New Year into solid expansion territory as the March headline PMI jumped to 54.9.

Employment agency fined for overcharging domestic helper

A-Chun Professional Limited was fined $8,000 today at Kowloon City Magistrates' Courts for overcharging a job seeking domestic helper. The employment agency was also ordered to pay a compensation of $520 to the job seeker. The prosecution was launched by the Labour Department.

Hong Kong water remains safe

No observable change was found in the radioactivity level of water samples.

Japanese restaurant in H.K. forced to close due to radiation fears

Yaekiku, a posh Japanese restaurant in Hong KOng operated by a noted Chinese restaurant entrepreneur, has closed its doors.

Government announced tougher Mandatory Provident Fund regulation

Legislative proposals have been raised to improve the regulation of sales and marketing activities of MPF intermediaries.

Property sales jumped 6.3% in March 2011

On a month-on-month basis, property sales increased 8.9 per cent.

Hong Kong International Airport handled record 983 flight movements

The figure broke the single-day record of 973 flight movements set on December 17.

Number of expats from Japan to surge in 2011

The Immigration Department processed 270 applications between March 17 and 31.

Dishonest chestnut and sweet potato hawkers fined

Six itinerant hawkers who pleaded guilty to selling short-weight chestnuts or sweet potatoes in the first three months of this year were fined from $500 to $3,000.

Mei Foo development said to comply with statutory requirements

The residential development near Phase 8 of Mei Foo Sun Chuen meets relevant statutory requirements and complies with the use permissible under the land lease.