Friday , November 15 2019
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Hong Kong

DESPITE TENSIONS, HONG KONG’S BIZAV TRAFFIC IS UNCHANGED

Even with the protests in Hong Kong that have garnered headlines since June, business aviation travel there has not been drastically affected, according to the Hong Kong Business Aviation Centre (HKBAC), the lone FBO on the field, which has seen only minimal erosion. “Surprisingly, our movements haven’t changed much, and I can say it’s business as usual,” said Minnie Kan, ... Read More »

Joint Hong Kong-Macau-mainland customs operation launched to stamp out fakes

​Hong Kong Customs has conducted a two-week joint operation with the mainland and Macao Customs to combat cross-boundary counterfeit goods activities. The operation ran from October 14 to 27, focusing on goods destined for overseas countries. Hong Kong Customs seized about 37,000 items of suspected counterfeit goods with an estimated market value of about HK$4.9 million. The suspected counterfeit goods ... Read More »

Higher customs scrutiny delays China-Hong Kong shipments

Chinese customs officials are giving a closer look to some goods being shipped from China into Hong Kong amid ongoing anti-government protests, causing delays in freight arrival. Read More »

Hong Kong government considers moving trade terminal to make way for new town

Hong Kong’s government is looking at relocating the city’s 65-hectare River Trade Terminal to make way for a major new town in the northwest of the city, the development minister has said. As one of the land-boosting measures announced in the policy address last Wednesday, a study will be carried out early next year into the development potential of 440 ... Read More »

Hong Kong’s port is failing to ready itself for LNG

The world’s shipping industry is starting to switch to liquid natural gas (LNG) powered vessels in an effort to eliminate sulphur and cut greenhouse gas emissions. Creating the infrastructure needed to handle LNG fuel for commercial ships could become a decisive factor in determining which of the world’s ports remain relevant in the future. Singapore, the world’s largest bunkering (fuelling) ... Read More »

Cannabis seizures hit new high in Hong Kong

The amount of marijuana seized by Hong Kong customs has surged threefold this year amid the growing use of parcel delivery by drug dealers hoping to evade arrest. As most of the drugs were smuggled from the United States and Canada, the Customs and Excise Department stepped up cooperation and intelligence exchange with its counterparts in North America to stop ... Read More »

Hong Kong customs seizes nearly HK$24 million worth of cocaine

Hong Kong customs has seized nearly HK$24 million (US$3.06 million) worth of cocaine from two flight crew members, the largest haul of its kind in the past decade. The Customs and Excise Department mounted a special operation last weekend at the airport to combat cross-boundary drug trafficking by passengers and airline staff. Officers uncovered about 12kg of suspected cocaine concealed ... Read More »

China trade flow via Hong Kong declines as city set to report worst exports in a decade

Hong Kong’s trade promotion body said on Monday the city’s exports this year would suffer their largest decline in a decade due to the impact of the ongoing trade war between China and the United States. The Hong Kong Trade Development Council predicted that the city’s exports would shrink 4 per cent by value, the worst performance since 2009 when ... Read More »

Why Starbucks is now on Hong Kong protesters’ business boycott list

Early on in Hong Kong’s protest movement, the choice of where one shopped, ate, and drank quickly became a political statement. As protests have raged on well into their third month, more and more brands and companies have found themselves caught up in the political fray. Shopping malls owned by local developer Sun Hung Kai Properties, for example, were blacklisted ... Read More »

Victory Offices Launches its First Flexible Workspace in Hong Kong

HONG KONG, : Victory Offices Limited (“Victory Offices”) (ASX: VOL) is a flexible workspace provider listed on the Australian Stock Exchange that offers premium serviced offices, co-working and lounge spaces, virtual offices and meeting spaces. The Group has announced that it has launched its first flexible workspace outside of Australia, at a premium location on Level 76 of The Center ... Read More »

Hong Kong Customs seizes 12,000 pairs of counterfeit sport shoes

Hong Kong Customs seized about 12 000 pairs of suspected counterfeit sports shoes on Monday, with an estimated market value of about $1 million. The fake goods were discovered in a shipping container at the Customs Cargo Examination Compound of the River Trade Terminal in Tuen Mun. However, the shoes were not destined for the local market. Through a routine ... Read More »

Hong Kong Flying Fifteens Set Sail on Dublin Bay After Customs Delay

The Hong Kong Flying Fifteen team will race in the first race of the Subaru Flying Fifteen World Championships tomorrow following the release of their three boats from Customs at Dublin Port that caused them to miss this week’s pre-world championships on Dublin Bay. Last Sunday (September 1st), National Yacht Club championship organisers appealed to Minister for Transport Shane Ross ... Read More »

Yet another Hong Kong counterfeit ring sprung

Customs has smashed another Hong Kong counterfeiting syndicate, this one operating from Tung Choi Street in Mong Kok. About 2600 items of suspected counterfeit goods – including handbags, wallets and belts with an estimated market value of about HKD4.3 million (US$548,000) – were seized during the raid of a fixed hawker pitch and a storage facility. Customs had earlier received ... Read More »

Hong Kong protest organisers attacked by thugs

Two of Hong Kong’s leading protest organisers were attacked by thugs armed with a baseball bat and metal poles in separate incidents on Thursday, sharply increasing tensions in the Asian financial hub’s worst political crisis in decades. Jimmy Sham, the leader of the group behind the largest mass protests in Hong Kong, and Max Chung Kin-ping, the organiser of a ... Read More »

Hong Kong customs bans model of laser pointer after tests find device is unsafe

Hong Kong customs has banned the sale of a model of laser pointer, a handheld tool often used by demonstrators to flash at police in street protests, after tests found the device was unsafe. But the Customs and Excise Department said the move was not related to the ongoing protests, as its testing operation was launched three months before the ... Read More »

Beijing’s political reach casts shadow over Hong Kong business

HONG KONG — Jeremy Tam, a pro-democracy lawmaker in Hong Kong, quit his job at Cathay Pacific Airways after serving the company as a pilot for almost two decades. “I’ve decided to give up the job I love so the airline could be free from more vexatious attacks,” he said in a Facebook post on Tuesday. Tam’s move followed a ... Read More »

Hong Kong billionaire tycoons call for end to protests as unrest affects their profits

Hong Kong’s property tycoons are hurting, the share market is tanking and the tourism sector has taken a beating as the pro-democracy movement continues to strangle the city. While the US-China trade war has fuelled some of the losses, weeks of violent protests have wreaked havoc for investor sentiment and caused huge reputational damage for the semi-autonomous territory as an ... Read More »

China Power’s Hong Kong business on track for return to China

The High Court of Hong Kong has rubber stamped plans for solar project development company China Power Clean Energy Development Co Ltd to de-list from the island exchange and be subsumed by its Chinese state-owned parent. The move is expected to go ahead as planned on Monday with the Hong Kong shares to be removed from the exchange on Tuesday. ... Read More »

Canada raises travel warning amid escalating protests in Hong Kong

The federal government has issued a travel advisory that urges Canadians travelling to Hong Kong to exercise “a high degree of caution” because of the escalating protests in the city. The government’s website says there are “identifiable safety and security concerns or the safety and security situation could change with little notice.” Canadians are advised to “exercise a high degree ... Read More »

Swiss companies keep watchful eye on Hong Kong protests

Democracy protests in Hong Kong have disrupted flights, closed shops and have placed the global spotlight on the Chinese territory. Swiss companies are monitoring the situation, wary that the chaos could impact their bottom line. While Hong Kong’s economy has stagnated in recent months, the recent turmoil’s impact so far appears mostly sartorial. Sally Yan, a Switzerland-based Chinese executive travelled ... Read More »