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Tag: Hong Kong

Posted on May 6, 2023

A New Bill to Protect Indonesia’s Domestic Workers Leaves Two Million Staff Exposed

Indonesia is the largest democracy in the world without a law to protect its domestic workers. That may be about to change, with a bill that also paves the way to better rights for millions of Indonesians in places such as Hong Kong and Singapore.
Posted on May 5, 2023

Chinese tycoon Chen Hongtian in talks with banks to resolve ‘mild’ mortgage defaults on Hong Kong property worth US$127 million

Chinese tycoon Chen Hongtian is in discussions with lenders to retrieve assets worth HK$10 billion (US$127 million) after a ‘short-term liquidity issue’ forced him to miss mortgage payments.

( read original story …)



Posted on May 5, 2023

Why China’s Delegate to King Charles’ Coronation Is Causing Controversy

China’s Vice President Han Zheng, who played a leading role in Beijing’s crackdown on civil liberties in former British colony Hong Kong, is set to attend the royal ceremony in the U.K.
Posted on May 5, 2023

China Embarrasses King Charles

The monarch welcomes the man who repudiated the Sino-British treaty over Hong Kong.
Posted on May 4, 2023

Hong Kong watchdog warns of potential conflict of interest between developers and management firms in private housing properties

The council study looked into the complicated legal regime governing Hong Kong’s property management, a HK$55 billion market that affected about 1.6 million people living in privately owned …

( read original story …)



Posted on May 3, 2023

Russian gold is now flooding the UAE, Turkey and Hong Kong after facing sanctions in the West

Russia lost key Western buyers like JPMorgan and HSBC after its gold supplies were sanctioned by the G-7 and EU last year.
Posted on May 3, 2023

Finance chief Paul Chan signals optimism about Hong Kong economy and predicts growth of up to 5.5 per cent this year if global situation remains stable

Chan upbeat about city’s prospects after Legco approves Lee administration’s first budget by 82-0 majority Finance secretary says more support for domestic consumption on the cards as city fights to …
Posted on May 2, 2023

Hong Kong tax revenue drops HK$18.3 billion to HK$360.2 billion in 2o22-23; decline in property and stock market activity blamed

Latest tax income figures reverse upwards trend seen over past few years Inland Revenue commissioner says property market ‘not very active’ and sluggishness hit tax take for year Hong Kong’s tax …

( read original story …)



Posted on May 2, 2023

Hong Kong tax revenue drops HK$18.3 billion to HK$360.2 billion in 2022-23; decline in property and stock market activity blamed

Latest tax income figures reverse upwards trend seen over past few years Inland Revenue commissioner says property market ‘not very active’ and sluggishness reduced tax take for year Hong Kong’s tax …

( read original story …)



Posted on May 2, 2023

China Developer Jiayuan Gets HK Court Order to Liquidate Assets

Jiayuan International Group Ltd. has received a Hong Kong court order to dissolve and sell assets to repay overdue debt, the latest Chinese property developers to lose such a legal battle.

( read original story …)



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