Hong Kong News

“We have therefore suspended all passenger services with immediate effect.”

HONG KONG: Hong Kong budget airline Oasis stopped flying Wednesday and announced it had gone into liquidation, just 18 months after it first took to the skies with eye-popping low fares. via Daily Times

“The market seems to have stabilized a bit but it's still too early to say whether the worst has passed”

Asian stocks closed mostly down Tuesday as concerns grew about corporate profits amid a faltering US economy and rising inflation, with attention also turning to a key upcoming G7 meeting. via ABS-CBN News

“Asian decoupling has quite a long way to go. It will only be realized when intra-Asian trade is in such a size that it can sustain by itself”

A former top banker is concerned over the risk of securities structured over commercial property mortgages and credit card debts while the US residential property subprime crisis is still raging. via The Standard

There's a 10 percent chance Hong Kong dollar's 24-year-old fixed exchange rate to the U.S. currency will break in the next year because it is fueling inflation, said Lehman Brothers Holdings Inc. via Bloomberg.com - Asia

“Hong Kong's world- class tourism infrastructure, efficiency, and safe and friendly environment help ensure that we are consistently ranked as one of the world's top tourist destinations.”

SuperStar Virgo, one of the world's largest and most extravagant cruises, arrived in Hong Kong Wednesday, kicking off the company's strategic re-deployment program on the booming China market. via People's Daily Online

The government of the Hong Kong Special Administrative Region , at the suggestion of the Disaster Relief Fund Advisory Committee, appropriated 1.29 million Hong Kong Dollars , from the disaster relief fund ... via People's Daily Online

“The number of children being admitted to hospital with flu-related complications in the recent weeks is about the same as in past years. Therefore, the center believed it is appropriate for schools to resume classes”

HONG Kong education authorities announced yesterday that all primary schools and kindergartens that had been closed for the flu outbreak in the city will re-open on Monday. via Shanghai Daily

“We want to be a major player, so in the first 12 months, we hope to open 100 screens”

"We see a major demand in cinemas in China," Hon said. "The boxoffice has grown almost 30% in the last few years. via Hollywood Reporter

“With Hong Kong Disneyland's version of 'It's a Small World,' we had the unprecedented opportunity to expand on a classic attraction and blend local, regional and international elements”

HONG Kong Disneyland will soon put on its own version of the miniature show "It's a Small World," with a unique female doll in Chinese opera costume and a specially designed Hong Kong scene featuring Victoria ... via Shanghai Daily

“Today's programs are very special, and all of the dances and songs are of a very high caliber. Yet, most significant is its vivid representation of the 5000-year culture in the acts adapted from the stories familiar to the general public.”

The chairman of Human Rights in China , Yan Sun-kong, flew to Taiwan to see the Divine Performing Arts Chinese Spectacular in Taipei. via The Epoch Times

“Nevertheless, our operations are continuing. We are trying to find a way to access into the hull. We will continue with the work until we have retrieved the wreck and searched throughout the vessel to see if there is any of the 18 sailors”

Eighteen Ukrainian seamen were still missing more than 40 hours after their ship collided with a Chinese boat and sank in the waters near Lantau Island in the Hong Kong Special Administrative Region , a marine ... via China Daily

“I am please to inform you Clara is recovering well”

New Zealand police on Sunday released the names of the four family members from China's Hong Kong Special Administrative Region, who were killed in a head-on collision near the town of Clevedon, south of ... via Xinhuanet

“This will ensure that you and your future generations do not need to shoulder a heavy financial burden or face deteriorating standards.”

Health secretary York Chow Yat-ngok warned yesterday a substantial tax increase would be needed to maintain the quality of health services if the public did not accept financing reform. via The Standard

Hong Kong's unemployment rate fell to 3.3 percent during the December-February period, the lowest level in 10 years, the Census and Statistics Department revealed here Tuesday. via People's Daily Online

Fitch Ratings said it has affirmed Hong Kong Airport Authority's long-term foreign currency issuer default rating at "AA", long-term local currency IDR at "AA+" and short-term local currency rating at "F1+". ... via Quamnet

“Some Taiwanese lawyers we know prefer to work in Hong Kong or China nowadays because the markets are hot”

When Bernard Liu was looking for people to join his team of equity researchers at JPMorgan in Taiwan last year, he found a labor market rich in engineers but lacking in people qualified for the service sector. via WNED.org

“The Inland Revenue Department has become an excellent and efficient tax administration playing an important role in fostering Hong Kong's prosperity”

Tax revenue collected in Hong Kong for 2006-07 reached 150 billion HK dollars , 10,700 times higher than the 14 million HK dollars collected in the 1947-48 fiscal year, official figures released Friday ... via Xinhuanet

What's going on in Hong Kong? Hong Kong has closed its elementary schools after the outbreak of a "flu-like" illness . via Core Dump

School students wearing masks as a preventative measure against a recent flu outbreak line up besides their teachers at a primary school in Hong Kong Wednesday March 12, 2008. via The South Mississippi Sun Herald

“Apart from cost-saving, energy conservation is one of the main measures to sustain development and build a green Hong Kong”

Hong Kong is working to achieve a 25 percent reduction in energy intensity by 2030, the top environment official of Hong Kong said here Monday. via People's Daily