Hong Kong Daily News 2011.06.28

Standard Chartered Sees Double-Digit Growth
Bloomberg
By Stephanie Tong and Gavin Finch – Tue Jun 28 16:00:08 GMT 2011 A customer enters a Standard Chartered Bank (Hong Kong) Ltd. branch in Causeway Bay, Hong Kong. Income from markets including Hong Kong, Singapore and China helped offset a decline in …
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Hong Kong Stocks Swing Between Gains, Losses; Developers Retreat
San Francisco Chronicle
June 28 (Bloomberg) — Hong Kong stocks swung between gains and losses as developers retreated after new mortgage drawdowns fell in the city and lender HSBC Holdings Plc climbed on signs Greece may be nearing a deal to roll over some of its debts. …
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‘The Bachelorette’ recap: Hong Kong Phooey
Entertainment Weekly
Things are getting off on a creepy foot here in Hong Kong. That low-budget shot of Ashley standing still as crowds of Chinese passersby blur past her was perhaps supposed to be “deep,” but poor Ashley is trying so hard to appear pensive and reflective …
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HK, China shares flat in declining volume
Reuters
By Vikram Subhedar and Clement Tan HONG KONG, June 28 (Reuters) – Hong Kong and China stocks finished largely flat with declining volumes on Tuesday as Chinese banks holding hefty local government debt were seen as unattractive in the near term even as …
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Irish boss urges Test roadmap for minnows
AFP
HONG KONG — Irish cricket chief Warren Deutrom Tuesday urged the global governing body to run the sport as a “meritocracy” by giving smaller nations the chance to achieve Test status. Deutrom welcomed a decision by the International Cricket Council …
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China Merchants Bank, China Yurun, ZTE: Hong Kong Stock Preview
Bloomberg
By Anna Kitanaka – Tue Jun 28 00:43:57 GMT 2011 The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close. The Hang Seng Index (HSI) lost 0.6 percent to …
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Therapeutic Solutions International, Inc. Signs Distribution Agreements in …
MarketWatch (press release)
The availability of the NTI Tension Suppression System will allow dentists throughout Hong Kong and Singapore the ability to provide our unique migraine prevention product to their patients.” Therapeutic Solutions International, Inc. is a company that …
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Sunwah eyes hedge fund growth with RAB, PCE deals
Reuters
By Laurence Fletcher LONDON, June 28 (Reuters) – Hong Kong-based financial services group Sunwah, backed by the wealthy Choi family, is planning opportunistic deals with embattled fund firms RAB and PCE as it launches into the European hedge fund …
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Standard Chartered rises 2% after positive update, as FTSE edges higher
The Guardian
Standard is benefiting from strong growth in Hong Kong, Singapore and China, and also from a bout of cost cutting. It has cut headcount by 1300 in the first five months of the year, but plans to take on more staff in the second half. …
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Swire Says It’s in Talks to Sell ‘Significant’ Property Asset
San Francisco Chronicle
June 28 (Bloomberg) — Swire Pacific Ltd., the Hong Kong office and retail landlord, said it is in talks to sell a “significant” property. Swire Pacific “is in discussions which may lead to the disposal of a significant investment property asset,” and …
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Fashion Report From HongKong: I spy a cool collection
Philippine Star
At the launch of Emporio Armani’s fall/winter 2011 collection in Hong Kong, they were keeping the details very hush-hush. Would there be a fashion show? Would Mr. Armani himself be there? No details were forthcoming, just that we should show up at the …
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Asian Shares End Mostly Higher; Sydney, Tokyo Shares Advance
Wall Street Journal
HONG KONG (MarketWatch)–Asian markets ended mostly higher Tuesday, with Japanese and Australian shares rising, supported by optimism Greece will be able to avert a disorderly default on its sovereign debt. Greece’s debt troubles, which have worried …
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Gillard must repel big tobacco’s latest attack
The Canberra Times
BY KYLA TIENHAARA AND THOMAS FAUNCE The company plans to utilise a little-known Investment Promotion and Protection Agreement signed between Australia and Hong Kong in 1993. This agreement provides for ”investor-state dispute settlement” an expensive …
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Hong Kong Government Names Gregory So As New Commerce Secretary
NASDAQ
HONG KONG -(Dow Jones)- The Hong Kong government Tuesday appointed Gregory So as the new commerce secretary, succeeding Rita Lau, who resigned for health reasons in April after an operation to remove a colon tumor. So, 52, joined the Hong Kong…
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Iceland-Hong Kong trade deal on aphrodisiac sea cucumbers
IceNews
The EFTA and Hong Kong have signed a free-trade agreement, which will effectively allow Iceland, Liechtenstein, Norway and Switzerland to use Hong Kong as a de-facto home market when exporting to other parts of Asia. “This is one hell of a contract …
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Plans to turn Bruce Lee’s home into a museum foiled
CNNGo.com
Philanthropist Yu Panglin, a self-professed Bruce Lee fan who currently owns the property, offered to donate the house to the Hong Kong government in 2008. His condition: the two-story property should be expanded to include a library, a cinema and a …
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Hikers trace Jose Rizal’s daily route in Hong Kong
GMANews.TV
Some 40 hikers joined a historic walking tour, retracing Philippine national hero Dr. Jose Rizal’s daily route during his stay in Hong Kong for six months from 1891 to 1892. The participants joined the hike on June 19, Rizal’s 150th birth anniversary, …
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High-rise route to a Hong Kong fortune
Telegraph.co.uk
Expat English teacher Linda Kernan on the night her small flat in Hong Kong turned her into a ‘millionaire’. My mobile rang in the middle of my English class recently, breaking all the rules. This was bad enough, but I actually took the call, …
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Apple planning Hong Kong megastore
The Independent
Tech geeks across Asia are rejoicing following confirmation that Apple is going ahead with plans to open its first official retail store in Hong Kong. And what a store it promises to be. Situated in the heart of Hong Kong’s IFC Mall, …
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International study ranks Hong Kong students’ digital reading literacy among …
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Education Bureau (EDB) is pleased to note that Hong Kong students performed well in digital reading literacy in the Programme for International Student Assessment (PISA) 2009 results announced today (June 28). …
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CPA Global Celebrates Success in Greater China IP Market
PR Newswire (press release)
CPA Global, the world’s top intellectual property (IP) management specialist and a leading provider of legal services outsourcing (LSO), has made significant inroads into the Greater China market since opening its office in Hong Kong two years ago, …
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6waves Selects Akamai to Enhance the Experience for Social Games
PR Newswire (press release)
HONG KONG, June 27, 2011 /PRNewswire/ — Akamai Technologies Hong Kong Limited, the leading provider of cloud optimization services, today announced that 6waves Inc., a leading international publisher and developer of gaming applications, is leveraging …
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Hong Kong outbreak marks lethal comeback of scarlet fever
Empowered News
Hong Kong residents are dealing with a lethal outbreak of drug-resistant scarlet fever that already killed a 7-year-old girl and a 5-year old boy. The two children died from a scarlet fever complication called toxic shock syndrome. …
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Commissioner for Hong Kong and Macau retires
Media Newswire (press release)
Hong Kong: Queensland Premier, Anna Bligh has today announced that Simon Lee, Queensland’s longest serving overseas representative, will be retiring as commissioner to Hong Kong and Macau in July. Hong Kong: Queensland Premier, Anna Bligh has today …
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IPO Filings Accelerate to Highest Since 2007 Just as Stock Markets Retreat
Bloomberg
All but five of the biggest IPOs in Hong Kong have declined since their debut, with Chinese inflation rising to its highest since 2008, according to data compiled by Bloomberg. “Despite significant global activity, the market sentiment for deals now is …
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Universal Security Instruments Reports Fourth-Quarter and Year-End Results
MarketWatch (press release)
UNIVERSAL SECURITY INSTRUMENTS, INC. is a US-based manufacturer (through its Hong Kong Joint Venture) and distributor of safety and security devices. Founded in 1969, the Company has a 42 year heritage of developing innovative and easy-to-install …
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P220K given to kin of OFW run over by bus
ABS CBN News
MANILA, Philippines – The family of the overseas Filipino worker (OFW) who died in Hong Kong while saving the life of the kindergarten son of her employer will receive death insurance benefits from the Overseas Welfare Workers Administration (OWWA). …
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Engadget Chinese Launches New Editorial Team, with Richard Lai, Associate …
MarketWatch (press release)
We’ll be delivering even faster and more relevant news for our Chinese readers across the world, particularly in mainland China, Taiwan, and Hong Kong. Readers can expect more localized features that will offer detailed and unbiased advice on choosing …
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Hong Kong Visible Trade Deficit Widens In May
RTT News
(RTTNews) – Hong Kong’s merchandise trade deficit widened from last year in May, data released by the Census and Statistics Department showed Tuesday. The trade balance increased to HK$ 35.69 billion in May from HK$ 25.09 billion last year. …
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AsiaRooms.com – Hong Kong Fashion Week kicks off in July
The Open Press (press release)
(OPENPRESS) June 28, 2011 — Next month sees Hong Kong Fashion Week take place, bringing together the innovative designs from established designers and emerging talents. Running from July 4th to 7th, the occasion will be held at the Hong Kong…
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Kazakhmys: Would Consider Equity Fund Raising In Hong Kong When Stock Market …
Automated Trader
HONG KONG -(Dow Jones)- London-listed miner Kazakhmys PLC (KAZ.LN) would consider equity-fund raising in Hong Kong when the stock market recovers, Chief Executive Oleg Novachuk said Tuesday. His comments come as the company prepares for the start of …
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Visitor arrivals to Hong Kong rise by 15% in May 2011
Travel Daily News International
The Hong Kong Tourism Board announced that total visitor arrivals to Hong Kong in the month of May reached 3230028, a year-on-year increase of 14.7%. Between January and May 2011, visitor arrivals cumulated to 16295959, 14.5% more compared to the same …
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Hong Kong to launch Internet learning program July 14
IDG News Service
The Hong Kong government is set to launch the controversial HK$220 million Internet Learning Support Program (ILSP) on July 14 to help students from low income families make use of the Internet for learning, said the Government CIO Stephen Mak Monday. …
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Deteriorated Old and Valuable Tree in Hong Kong Zoological and Botanical …
7thSpace Interactive (press release)
Hong Kong (HKSAR) – The Leisure and Cultural Services Department (LCSD) today (June 28) removed an Old and Valuable Tree (OVT) in Hong Kong Zoological and Botanical Gardens to ensure public safety. The tree was an 8-metre-tall Apple-blossom and was …
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North Korea slashes food rations: aid worker
AFP
A new moneyed middle class is emerging while the strictly regimented state had lauded a new “mini-MBA” run by her agency using Hong Kong teachers. Food supplies to the estimated population of 23 million people have been controlled through a public …
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Hong Kong Fitness Firm Pure Flexes Muscle in Tough Market
CNBC.com
To survive in the fitness business in Hong Kong one needs a lot of muscle. A company, which is still pushing hard is the Pure Group. It entered the arena in 2002 with one yoga studio and has since expanded its business to include gyms, restaurants and …
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3D Sex And Zen to be shown here uncut
AsiaOne
By Jill Alphonso [Actress Saori Hara and actor Hiro Haayanan star in Hong Kong’s 3D Sex And Zen, which opens in Singapore cinemas on July 21.] SINGAPORE – Things are going to get very steamy in cinemas, come July 21. That’s the day Hong Kong’s first …
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HK villagers protest over illegal home structures
Channel News Asia
By Leslie Tang | Posted: 28 June 2011 1912 hrs HONG KONG : Thousands of villagers staged a noisy protest outside Hong Kong’s Legislative Council (Legco) on Tuesday, as lawmakers discussed the government’s plans to demolish illegal building structures. …
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Malaysia’s Bumi Armada Prepares $907 Million IPO
Wall Street Journal
Australian miner Resourcehouse Ltd. scrapped its Hong Kong IPO for up to $3.6 billion because of choppy market conditions, while US luggage maker Samsonite International SA priced its $1.25 billion Hong Kong IPO at the bottom end of its price guidance. …
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Bain: The new king of kam cha
Toronto Star
Johnny Fu volunteers at one of Yee Hong’s residences making milk tea for seniors. He took part in a competition on Saturday. By Jennifer Bain Food Editor Tony Chiu knows the secret to making a great pot of Hong Kong milk tea. The co-owner of Marathon …
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Hong Kong Government Proposes Independent Insurance Authority
Insurance News Net (press release)
The Hong Kong government announced a proposal to establish the Independent Insurance Authority as the main regulator for insurers and insurance intermediaries and the sole authority to outline conduct standards and regulatory requirements, …
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Mutated Bacteria Drives Scarlet Fever Outbreak
Science Now
by Dennis Normile on 27 June 2011, 12:38 PM | Permanent Link | 0 Comments HONG KONG—A mutated strain of bacteria is apparently behind an outbreak of scarlet fever in Hong Kong that has killed two children and sickened more than 600 people so far this …
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China Precision Steel Announces Annual Meeting Date
PR Newswire (press release)
The meeting will take place at the Company’s headquarters, 87 Wing Lok Street, 18/F, Sheung Wan, Hong Kong and commence at 10:00 am Hong Kong time / Wednesday, June 29th 10:00 pm ET. All shareholders of record as of June 2, 2011 will be eligible to …
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Potential Hong Kong Index (EWH) Trade Has $17.10 Breakeven
Market Intelligence Center
Hong Kong Index (AMEX:EWH) closed Monday’s bullish trading session at $18.10. In the past year, the ETF has hit a 52-week low of $14.57 and 52-week high of $20.24. Hong Kong Index (EWH) has been showing support around $17.88 and resistance in the …
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History may repeat in Hong Kong, beware the bubble: analyst
Asia Property Report
A seasoned property watcher has a dire warning when he looks at the current property scene in Hong Kong. “I see history probably repeating itself and a correction looming large for the market,” said Koh Keng-shing, who has more than 30 years under his …
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China sparks a building boom in South East Asia
Telegraph.co.uk
From Hong Kong to Bangkok to Hanoi, politicians in South East Asia are dusting off ambitious plans for railways and roads, spurred in some cases by investment from China. By Our Foreign Staff Almost three years after the financial crisis stalled …
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NV Multi eyes Hong Kong listing next year
The Borneo Post
SIBU: NV Multi Corporation Bhd (NV Multi) which is a well established and award winning bereavement care industry leader has targeted a listing on the Hong Kong Stock Exchange next year to make it known worldwide. Disclosing this, its group’s managing …
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Life Behind the Great Firewall of China
PC Magazine
By Sascha Segan HONG KONG—Here in Hong Kong, the Internet is global. But just over the border in the Chinese boom town of Shenzhen, major international websites get shut down behind the famed “Great Firewall of China.” Watching the vibrant economic …
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