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Hong Kong saves HK$69 million in first month after HK$2 fare scheme revamp
Changes to Hong Kong’s public transport subsidy scheme saved the government HK$69 million (US$8.8 million) in the first month, with fewer elderly and disabled commuters taking expensive long-haul routes for short trips, the welfare minister has said. Secretary for Labour and Welfare Chris Sun Yuk-han said on Saturday that, following revisions to the concessionary fare scheme that took effect on April 3, the average government subsidy for trips costing more than HK$10 fell from HK$4.90 in...
Hong Kong NGO offers HK$30,000 to Tai Po fire victims who transfer property
Hong Kong NGO offers HK$30,000 to Tai Po fire victims who transfer property Tung Wah Group pledges relocation grant to around 1,000 households who agree to transfer ownership to government amid strong demand for legal support Hong Kong’s largest non-profit organisation, the Tung Wah Group of Hospitals, will offer a HK$30,000 (US$3,827) relocation allowance to victims of the deadly Tai Po fire who agree to transfer ownership of their properties to the government, its chief executive has said,...
Hong Kong college sues finance head, director and firm over alleged HK$25m fraud
Hong Kong college sues finance head, director and firm over alleged HK$25m fraud Hong Kong Chu Hai College claims misappropriated funds transferred to finance director Ray Yip, Ho Chung-ling and Rivers Design Engineering Hong Kong Chu Hai College has sued its finance head, along with a company and its director, for allegedly embezzling over HK$25 million (US$3.19 million) by disguising the transfers as academic and administrative expenses. The private institution filed the lawsuit in the...
No cap on HK$2 transport scheme trips as costs outweigh savings: Hong Kong minister
No cap on HK$2 transport scheme trips as costs outweigh savings: Hong Kong minister Only about 450 people exceeded 240 monthly trips out of 2.7 million beneficiaries, while system upgrades would cost an estimated HK$30 million Hong Kong authorities will not cap the monthly number of subsidised trips that eligible elderly and disabled people can take under a revamped transport fare scheme, largely because implementation costs would exceed the savings. Secretary for Labour and Welfare Chris...
Truck driver arrested as HK$10m of injections, fish maw seized at Hong Kong bridge
Truck driver arrested as HK$10m of injections, fish maw seized at Hong Kong bridge Most of confiscated goods were controlled pharmaceutical products, including tablets to treat HIV, cosmetic fillers and weight-loss injections Hong Kong customs officers have arrested a 39-year-old truck driver on suspicion of smuggling and seized goods worth HK$10 million (US$1.27 million), including weight-loss injections and fish maw. The Customs and Excise Department said on Wednesday that a medium goods...
HK Express cancels 6 Hong Kong-Okinawa flights as Typhoon Jangmi approaches
HK Express cancels 6 Hong Kong-Okinawa flights as Typhoon Jangmi approaches Airline says special ticket arrangements are in place for affected passengers Budget carrier HK Express has cancelled six flights operating between Hong Kong and Okinawa on Monday and Tuesday as Typhoon Jangmi approaches Japan’s southernmost islands. The airline said in an updated announcement on Saturday afternoon that special ticket arrangements for typhoon-affected flights were in place. “We have notified all...
Defunct Hong Kong bakery chain fined HK$251,800 over unpaid wages
A Hong Kong court has fined a now-defunct bakery chain a total of HK$251,800 (US$32,127) over unpaid wages and other entitlements exceeding HK$1.3 million. A liquidator for Taipan Bread & Cakes, Taipan Restaurant and their parent company, Vast Luck, pleaded guilty at Kowloon City Court on Monday to 96 charges under the Employment Ordinance, after the group failed to pay 47 employees following the closure of all outlets on June 24 last year. Asked when the parent company could settle the...
Hong Kong tech park tender targets strong bidders with HK$100m bond rule
Winning consortiums bidding for core land parcels at an innovation hub near Hong Kong’s border must post a HK$100 million (US$12.7 million) construction bond and meet a tight 30-month development deadline, according to tender documents obtained by the South China Morning Post. Industry leaders said the requirements, which deviated from those in conventional government land sales, suggested that the government was targeting “well-capitalised” bidders to eliminate the risk of stalled...
Hong Kong pair convicted of murder and HK$3.6 million ransom blackmail plot
Two Hongkongers have been found guilty of murdering a man after a financial dispute and then blackmailing his wife for a HK$3.6 million (US$459,331) ransom for his “release” even though he was already dead. A High Court jury on Tuesday also found that the defendants – Chan Wah-hing, 67, and Chan Yiu-lung, 33 – disposed of the victim’s body in grass near Ping Yeung Village before sealing the site with cement in September 2022. The village is in Ta Kwu Ling in the city’s North district, where...
China Scrutiny of Cross-Border Flows Sparks Concerns in HK | The China Show 6/5/2026
Prudential Financial Inc Photographer: Emile Wamsteker/Bloomberg