PCCW News

Richard Li, son of Hong Kong's richest man, is a prospective bidder for ING Groep NV's Asia life-insurance unit, the Wall Street Journal reported, citing unidentified people familiar with the situation.

In July a new chief executive takes office in Hong Kong but for the real changeover in power politics watch the succession plans of the city-state's octogenarian tycoons.

The richest man in Hong Kong, multi- billionaire Li Ka-shing, has said his oldest son will eventually take over from him.

Octogenarian Hong Kong billionaire Li Ka-shing mapped out a succession plan for one of Asia's biggest family empires, ensuring a smoother transition for the Cheung Kong .

PCCW shareholders could well hope to see higher dividends, with chairman Richard Li Tzar- kai upbeat over subsidiary HKT Trust's performance so far this year.

These are some of the leading stories in Hong Kong newspapers on Friday. Reuters has not verified these stories and does not vouch for their accuracy.

Back in February, I wrote about the Asian Internet Awards , and basically how they weren't worth the hyped-up html they were printed with.