Latest headlines from The Standard
Updated: 7 min 53 sec ago
It is not suitable to use part of retirement funds to finance first-home purchases in the near term, as current prices are very high, the chairman of the Mandatory Provident Fund Schemes Authority David Wong Yau-kar said yesterday, adding that the authority is studying the issue and conclusions will be drawn in the second quarter.
The Insurance Complaints Bureau said yesterday it will expand the scope of its jurisdiction to handle non-claim-related insurance disputes, as well as introduce mediation services in the second quarter this year.
Ernst & Young yesterday said it expects the Hong Kong government's consolidated surplus for the 2017-18 fiscal year to reach HK$160 billion, about 10 times bigger than the forecast in its budget in February.
Luk Fook Holdings (0590) yesterday reported a 4 percent year-on-year drop in same-store sales in the mainland for the third quarter ended December, while overall same-store sales grew by 1 percent.
Chinese start-up Kuaishou, backed up by Tencent Holdings (0700), plans to raise up to US$1 billion (HK$7.
China's banking regulator has vowed to take action against those who built large financial conglomerates through complex ownership structures and fraudulent capital injections, signaling last year's government crackdown on such entities is poised to continue.
HSBC (0005) yesterday launched its "Reward+" app for Hong Kong credit cardholders.
A house of 3,200 sellable square feet in the Manderly Garden spread at 38 Deep Water Bay Road has been sold for HK$165 million, or HK$51,563 per ssf, according to the Land Registry.
Billionaire Wang Jianlin's Dalian Wanda Group is said to be close to selling two Australian projects.
Beijing does not need Taiwan's permission to open air routes, an official said after a complaint that a new one over the Taiwan Strait for flights between Hong Kong and Shanghai poses a risk.
A mostly Muslim county in western China has banned children from attending religious events over a winter break, an education bureau said in a notice posted online, as authorities step up control of religious education.
Secretary for Transport and Housing Frank Chan Fan denied that the government is helpless in the face of Link REIT, and will consider constructing wet markets near public housing estates that lack food retailers.
From June 1, fines for five congestion-related traffic offences jump 25 percent.
Exhibitors at this year's Golden Age Expo will launch products targeting retirees in the face of an aging population.
Legco's Public Accounts Committee has found regulations on charity groups unacceptable due to inadequate safeguards to ensure expenditures are really spent on charity.
Hot temperatures could have an adverse effect on the 74,000 runners participating in the annual Standard Chartered Marathon on Sunday, race organizing committee chairman William Ko Wai-lam said.
Immigration at the Hong Kong-Zhuhai-Macao Bridge will work around the clock on the day of its opening, but there will be no "co-location" on the bridge, Transport secretary Frank Chan Fan said.
Air pollution hit serious levels in several districts in western parts of Hong Kong yesterday, with the Environmental Protection Department putting the blame on warmer conditions amid sunshine and light winds.
In a bizarre move, a defendant in a robbery case climbed out of the prisoner's box during his hearing at the Eastern Magistrates' court yesterday, yelling nonsensically.
"In a month or two, I will turn from a paralegal to a solicitor.