Issue: July 28, 2015   (Archive)
Tuesday, July 28, 2015   

Official admits $4.2m flats allowance scam
A Government Logistics Department controller yesterday admitted to cheating the administration out of HK$4.2 million in housing loans and allowances in District Court.

Remorseful cash-grabber weeps but still faces jail
An engineer who admitted pocketing HK$500,000 during the Christmas Eve cash-grab frenzy in Wan Chai faces a jail term.

`Coke' peer caught in sex romp
A senior member of Britain's House of Lords responsible for upholding standards is facing calls to quit the chamber after he was filmed allegedly snorting drugs off a prostitute's breasts.

Analysts cautious amid multiple concerns
Analysts are very cautious about the future trend of the stock markets in Hong Kong and the mainland after yesterday's A-share rout.

HKU promotion back in spotlight after U-turn
A beleaguered University of Hong Kong council chairman has made a U-turn in allowing discussion of the deferred promotion of a pro-democracy scholar to a key managerial post at its meeting today.

Leung team to stay intact until end of term
There will be no reshuffling of Chief Executive Leung Chun-ying's Cabinet in the last two years of his term, a source said yesterday.

DBS first-half net hits record high
DBS Hong Kong saw net profit for the first half jump to a record high of HK$3.2 billion, up 11 percent from a year back, thanks to higher net interest margin and the strong growth of non-interest income.

Dash for cash amid market turmoil
China Railway Signal & Communication opens the retail book today for an initial public offering worth up to HK$14 billion despite ongoing turmoil in mainland stocks.

Time to dump underperforming shares
The Shanghai Composite Index plunged 8 percent yesterday, dragging Hong Kong stocks 3 percent lower.

Gome takes big hit
Gome Electrical Appliances Holding (0493) shares tumbled 13 percent yesterday after the firm said it would spend HK$11.27 billion to buy the non-listed mainland business from its imprisoned founder Wong Kwong-yu.

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