EJ Insight

BUSINESS

HK budget: Chan unveils fresh relief measures for businesses

Jonathan Chong - Feb 26, 2020 6:23pm

Financial Secretary Paul Chan Mo-po said in his budget speech on Wednesday that the government will earmark HK$18.3 billion to support businesses that have been hit by the economic downturn following the coronavirus outbreak and months...
Coronavirus fuels demand for Nintendo exercise game in HK, China

Ko Tin-yau - Feb 26, 2020 4:53pm

Nintendo’s new exercise video game Ring Fit Adventure has seen surging demand in Hong Kong and the mainland, as many want to enjoy working out at home amid the coronavirus outbreak. Ring Fit Adventure was released...
Computing sub-sector to keep driving Nasdaq in the era of AI

KC Law Ka-chung - Feb 26, 2020 12:16pm

The stock market correction that started recently was again led by the technology sector. Yes, a leading sector tends to lead both ups and downs in cycles. We all know that tech has been the leader:...
Los Angeles approves Musk’s SpaceX rocket production facility

Feb 26, 2020 9:57am

SpaceX, the private rocket company of high-tech entrepreneur Elon Musk, won final approval to build a research and manufacturing plant for its deep-space Starship project on a tract of vacant land at the Port of Los...
PG&E plans to raise up to US$25.7 bln by selling securities

Feb 26, 2020 9:53am

California power producer PG&E Corp said on Tuesday that it plans to raise up to US$25.68 billion by selling securities, as it works its way out of the bankruptcy process, Reuters reports. The company is restructuring...
Coronavirus clouds Apple’s timeline for new iPhones

Feb 26, 2020 9:51am

Travel restrictions to China because of the coronavirus have come just as Apple Inc.’s engineers usually jet off to Asia to perfect the production of this fall’s new iPhones, former employees and supply chain experts told...
HK banks face virus toll on asset quality, loan growth

Feb 26, 2020 9:45am

Hong Kong banks face at least two quarters of worsening asset quality and slowing loan growth as the coronavirus outbreak hits trade and consumer banking, analysts and bankers said. Lenders in the Asian financial hub, including...
Bob Iger steps down as Disney CEO after 15 years at helm

Feb 26, 2020 9:40am

Robert Iger will step down as chief executive officer of Walt Disney Co, handing the reins to Disney Parks head Bob Chapek, Reuters reports, citing a company announcement. Iger will assume the post of executive chairman...
Tesla, regulators strongly criticized over 2018 Autopilot crash

Feb 26, 2020 9:33am

The National Transportation Safety Board on Tuesday sharply criticized Tesla Inc.’s lack of system safeguards in a fatal 2018 Autopilot crash in California and called US regulators’ approach in overseeing the driver assistance systems “misguided”, Reuters...
Tesco sells stake in Chinese joint venture for US$357 million

Feb 25, 2020 3:42pm

Britain’s biggest retailer Tesco has sold its 20 percent share of a joint venture in China to a unit of its partner China Resources Holdings (CRH), raising 275 million pounds (US$357 million) and completing its exit...

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WORLD

Three more Chinese regions lower virus emergency response level

Feb 26, 2020 10:34am

The northwestern Chinese regions of Inner Mongolia and Xinjiang and the southwestern province of Sichuan have downgraded their emergency response level after assessing that health risks from the coronavirus outbreak have receded, state media reported. China...
US braces for Covid-19 spread as outbreaks worsen in Italy, Iran

Feb 26, 2020 8:16am

US health officials told Americans to begin preparing for coronavirus to spread within the country as outbreaks in Iran, South Korea and Italy escalated. Iran’s coronavirus death toll rose to 16 on Tuesday, the most outside...
Arctic ‘doomsday’ food vault welcomes millionth seed variety

Feb 26, 2020 7:44am

A vault in the Arctic built to preserve seeds for rice, wheat and other food staples now contains one million varieties with the addition of specimens grown by Cherokee Indians and the estate of Britain’s Prince...
Countries must shift mindset to virus preparedness: WHO expert

Feb 26, 2020 7:32am

Countries need to prepare immediately for an outbreak of the novel coronavirus so they can respond rapidly when it arrives, a top World Health Organization (WHO) expert said. “Think the virus is going to show up...
Mubarak, the ‘Pharaoh’ toppled by the Arab Spring, dies at 91

Feb 26, 2020 7:17am

Hosni Mubarak, who died on Tuesday, never expected to be president. But when a very public assassination thrust the former bomber pilot into the job, he made it his mission never to give it up. His...

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Hong Kong

Budget handout won’t change fortune of HK’s backstabbing leader

Watch your words. What you say often comes back to haunt to you. Smart politicians run their words through the brain before they come out of the mouth. Dumb politicians use their mouths more...
HK budget: Chan unveils fresh relief measures for businesses

Financial Secretary Paul Chan Mo-po said in his budget speech on Wednesday that the government will earmark HK$18.3 billion to support businesses that have been hit by the economic downturn following the coronavirus outbreak...
Should we curtail all our normal activities due to virus fears?

As the coronavirus continues its global march, there is this question: how long will the epidemic last? Recently, Lee Hsien Loong, the Prime Minister of Singapore, made quite an interesting remark as he raised...
HK offers mortgage loans of up to HK$10 million for homebuyers

Financial Secretary Paul Chan Mo-po on Wednesday unveiled a fixed-rate mortgage loan scheme to support the property sector and enable more citizens to acquire homes. “The residential property market has been largely quiet since...
ExCo member defends govt blanket ban on visitors from S Korea

The government did the right thing to impose entry restrictions on foreign visitors from South Korea, an Executive Council (ExCo) member said on Tuesday, arguing that the novel coronavirus (Covid-19) outbreak in Korea is...