Hong Kong

26 arrested in anti-illegal worker operations

The Immigration Department arrested 21 illegal workers and five people suspected of employing them.

26 arrested in anti-illegal worker operations

The Immigration Department arrested 21 illegal workers and five people suspected of employing them.

Contractors fined for violation of safety rules

Chevalier Limited and Glorious International Limited were fined $25,000 and $42,000 respectively for violating the Construction Sites Regulations and the Factories and Industrial Undertakings Ordinance.

Lands Department says no incompatibilty in plans of Tung Chung site

The Lands Department clarified that the land sale plan regarding a site in Tung Chung allegedly overlapping with a road reserve was according to the Layout Plan of  the Planning Department.

Tencent buys 15.68% of Kingsoft

Strategic investment to deepen collaboration of two companies in online security and other areas.

Dah Chong Hong takes over Bayern Gourmet Food

The HK$72mn purchase will further strengthen DCH’s position in the food business.

Comba Telecoms finishes 2G/3G wireless enhancement project for Qingdao Bay Bridge

17 coverage points were set up along a 26.75km stretch of Qingdao Bay Bridge for subscribers to avail 2G/3G services of Chinese mobile networks.

HSBC Global Asset Management appoints Bill Maldonado as Regional CIO

He will relocate from London to Hong Kong in August 2011. Dr Maldonado oversees the investment strategies in Asia where the firm has US$72 billion of assets under management as at the end of March 2011.

New warning up on fraudulent bank emails

The public is advised anew not to access Internet banking accounts through hyperlinks embedded in e-mails, Internet search engines or suspicious pop-up windows.

Building transactions in second half of 2010 down 18%

The transactions’ total consideration for the period was down 2.2% to $370.14bn.

Pharmacy and Poisons Board launches new website

The Pharmacy and Poisons Board of Hong Kong announced the official launch of its new website at www.ppbhk.org.hk.

Wu and Law reappointed to Air Transport Licensing Authority

The Government announced the re-appointment of two incumbent members, Mr Albert Au Siu-cheung and Ms Elizabeth Law, to the Air Transport Licensing Authortiy.

Two women fined for operating unlicensed guesthouses

Two women were each fined $2,000 at the Kowloon City Magistrates' Courts for managing unlicensed guesthouses in Mong Kok.

Double whammy: Price hikes and wage inflation soften local demand

Although June's input cost index eased for the first time since February, at 65.5 it is still sitting high above trend, so cost inflationary pressures remains acute, says HSBC.

Kingsoft names Lei Jun as Chairman

Lei, who was vital in transforming Kingsoft from a traditional software into an on demand software company, replaces Kau Pak Kwan upon the latter’s recommendation.

DHL’s new service connects Ho Chi Minh City to Hong Kong

Weekly schedule provides faster and simpler connections to 33 major northern hemisphere trading ports widening Vietnam’s trade access to North America and Asia.

Shirble gets rights to operate department stores in Dongguan

A total of GFA of approximately 17,600 sqm gives the company capacity to enhance operational efficiency and accelerates pace of development.

IMAGI’s ‘Pleasant Goat and Big Big Wolf Movie 4’ to go global

The group enters into distribution agreement with The Walt Disney Studios Motion Picture to expand distribution coverage.