HSBC Holdings shares surged at one point by 8 percent today on optimism that Europe’s biggest lender may soon resume paying dividends as a turnaround gathers speed, Bloomberg reports. At the close today the shares gained by 6.54 percent at HK$42.35, making it the best performer in the benchmark Hang Seng Index. They have still declined 30 percent so far this year. “This is mainly due to the change in market expectation, as HSBC’s operating conditions aren’t as bad as expected previously,” said Richard Cao, analyst at Guotai Junan International. British regulators have signaled a willingness to soften their stance on payouts, people familiar have said.
November 25, 2020 09:22 UTC
The city had 54 serious cases on Wednesday, the most since a state of emergency was lifted in May. ADVERTISEMENT“We need to have everybody cooperate to prevent further spread of the virus in a tough, concentrated way,” Governor Yuriko Koike told a news conference. She added that in many cases people were picking up the virus at restaurants and bars and then taking it home, infecting family. Osaka is also asking bars and restaurants to shorten their hours, its mayor Ichiro Matsui said. Nobody has yet mentioned pausing the program in Tokyo as well, though Koike said a different program unique to the capital would be temporarily halted.
November 25, 2020 09:11 UTC
Bayan: Why is the burden on us to prove we're not a rebel front? MANILA, Philippines — Left-leaning and activist groups do not need to condemn the Communist Party of the Philippines to prove that they are legal democratic organizations, groups said Wednesday. "We'd like to remind the audience that the CPP-NPA is a terrorist organization. "If our gentlemen who support this terrorist organization truly believe in the cause of this NPA, why do you allow the recruitment of children of other parents?" RELATED: Duterte declares permanent termination of talks with RedsDuterte later declared the group a terrorist organization in December 2017 by virtue of Proclamation No.
November 25, 2020 09:11 UTC
Another 63 people have been infected in the dancing cluster, pushing the total tally of the dance cluster to 250 cases. The Centre for Health Protection said as of 12am today, it has recorded 85 additional confirmed coronavirus cases – one imported and 84 local – bringing the tally to 5,867 cases. Among the 85 cases, there were 32 males and 53 females, aged between 21 months to 89 years. Of the fresh local cases, the Centre for Health Protection's Dr Chuang Shuk-kwan said 68 were linked to previous local infections and 16 from untraceable sources. There are also over 60 preliminary positive cases reported today.
November 25, 2020 08:37 UTC
Carrie Lam ended an extraordinarily lengthy policy address today aimed at diversifying the economy and restoring the city's constitutional order, by expressing renewed hope for Hong Kong's future. There will be a rainbow after the storm, she assured in a chamber that was so calm that some lawmakers nodded off. Hong Kong had overcome a tumultuous period and has regained social stability. She spoke of the advantages of the Greater Bay Area at length to highlight how Hong Kong’s economic and political future is entwined with Bay Area cities, as well as opportunities that exist in the mainland for Hong Kong's 'confused' and 'helpless' youth. Not only have I faced unprecedented personal attacks, I am also deeply worried about the future of Hong Kong.
November 25, 2020 08:37 UTC
NINE cities in Metro Manila have seen an increase in the number of coronavirus disease 2019 (Covid-19) cases in the past week, a tracker team said on Wednesday. According to the OCTA Research Team, Caloocan, Quezon City, Marikina, Mandaluyong, Makati, Paranaque, Pasay, Navotas and San Juan registered increases from November 17 to November 23. Hospital occupancy in Metro Manila remained below critical levels, except for Makati, which registered a 74 percent hospital capacity. This has made the city the only one in the region to be included in the “high-risk” LGU category by OCTA. Metro Manila’s current reproduction number is at 0.83, up from 0.76 in the previous week but which still remained below 1.
November 25, 2020 08:26 UTC
President Donald Trump’s trade tariffs have created “leverage” that the incoming Biden administration could use to get the outcomes it wants on the international stage, said former top White House trade negotiator Clete Willems. Trump imposed elevated tariffs on major trading partners such as China, Canada and the European Union for what he said were unfair practices that disadvantaged American companies. Several trade experts have said that President-elect Joe Biden will likely favor working with allies over imposing punitive tariffs to settle international disputes. But some experts have said Biden may not remove tariffs that Trump has imposed. “Whether you love the tariffs or hate the tariffs, they have created leverage for United States.
November 25, 2020 07:52 UTC
“And because we are in search of funds to purchase vaccines, then an executive order that mandates the return of these funds to the National Treasury is well within the powers of the Executive,” the senator added. Hanap tayo nang hanap ng pera para sa COVID vaccines at kung anu-ano pang mga pangangailangan ng ating kapwa Pilipino, e nandito na ang naka-park lang na P33.4 billion,” Pangilinan said. We keep looking for money for the COVID-19 vaccines and other needs of Filipinos when there is already P33.4 billion in parked funds.) As to plans to have PITC undertake the COVID-19 vaccine procurement, Pangilinan said the capacity of the corporation to deliver results is questionable. The senator added that the corporation’s failure to utilize the appropriated P33.4 billion could be also a “gross and inexcusable negligence” on the part of its officials.
November 25, 2020 07:30 UTC
MANILA, Philippines — Philippine National Police chief Gen. Debold Sinas on Wednesday ordered the Civil Security Group (CSG) to extend its working days for frontline services to accommodate the processing of more licenses for security guards and possession of firearms. Gen Rolando Hinanay to decrease the influx of applicants for License to Exercise Security Profession (LESP) for private security and the License to Own and Possess Firearms (LTOFP) at the one-stop-shop in Camp Crame by operating beyond the regular working days. ADVERTISEMENTLESP is the license for private security personnel while the LTOFP is the license that allows private individuals to own firearms. Hinanay said the CSG will accommodate LESP and LTOFP applicants even on weekends and holidays starting Nov. 28 until Dec. 13, 2020. Sinas said he is also eyeing to open CSG Extension Offices to be stationed in Eastern Police District, Northern Police District, and Southern Police District.
November 25, 2020 07:18 UTC
MANILA, Philippines — The Department of Information and Communications Technology-Luzon Cluster 2 (DICT-LC2) said Wednesday it is addressing the internet and communication needs of Central Luzon and Calabarzon areas affected by Typhoon Ulysses. Very high-frequency or ultra high-frequency (VHF/UHF) radio transceivers, meanwhile, were also activated in Quezon, Batangas, and Tagaytay Relay Station. It further explained that these installations are meant to support government initiatives to help affected areas and deliver free communication services. “These efforts are being conducted in partnership with the Provincial and Municipal Local Government Units, Provincial Risk Reduction Management Office, Office of Civil Defense (OCaD), and other government agencies,” the department said. Zac Sarao, traineeRELATED STORIESADVERTISEMENTLacson: DICT wants P2B emergency fund to restore infra damaged by typhoonsTelcos ordered to speed up restoration of services in areas hit by UlyssesRead Next
November 25, 2020 07:07 UTC
The Shenzhen Stock Exchange link with Hong Kong’s Stock Exchange opened in December 2016. Previous NextLaura Cha Shih May-lung, chairman of Hong Kong Exchanges and Clearing (0388), said the bourse operator warmly welcomed the Chief Executive’s policy address, which affirms the government’s commitment to support and improve Hong Kong’s leading position as a global international financial center. "The government’s efforts to support the further expansion of our mutual market access programs, the Connect Schemes, between the mainland and Hong Kong will help ensure the continued resiliency, vibrancy and attractiveness of Hong Kong’s capital markets,” she said. That came after Hong Kong announced that eight eligible unprofitable biotech companies are being added into the Stock Connect program.
November 25, 2020 06:56 UTC
JD Health International is looking to raise US$3.5 billion in its Hong Kong initial public offering in what would be Asia’s biggest health care listing on record, Bloomberg reports. The price range values JD Health at US$25.3 billion to US$28.5 billion. JD Health secured six cornerstone investors for its IPO who agreed to subscribed for as much as US$1.35 billion of stock, including Singapore sovereign wealth fund GIC Pte, Hillhouse Capital and BlackRock. JD Health is the largest online health care platform and online retail pharmacy by revenue in China, according to its prospectus. The company recorded revenues of 8.8 billion yuan (US$1.33 billion) in the first half of this year, up from 5 billion yuan a year earlier.
November 25, 2020 06:45 UTC
Sources say a nurse who works at the Accident & Emergency Department at Gleneagles Hospital Hong Kong has been infected with the coronavirus, the department has been shut down for disinfection. The doctor was said to be Dr Dora Lau Wong Shik-fung. “Dr Lau had been to the dance premises recently. Staff members of the clinic had not dined with Dr Lau and have been wearing masks at all times during work,” said the staff, saying no one is listed as close contact. However, the staff said doctors and staff members will have to undergo Covid-19 tests.
November 25, 2020 06:33 UTC
Introducing his foreign policy and national security team, the Democratic former vice president signaled he intended after taking office on Jan. 20 to steer the United States away from the unilateralist nationalism pursued by Trump. Biden said his team, which includes trusted aide Antony Blinken as his nominee for U.S. secretary of state, would shed what the president-elect described as “old thinking and unchanged habits” in its approach to foreign relations. U.S. foreign policy under a Biden administration is likely to take more of a multilateral and diplomatic approach aimed at repairing Washington’s relationships with key allies and pursuing new paths on issues such as climate change. The White House on Tuesday gave the go-ahead for Biden to start receiving the president’s daily intelligence briefing. The Nevada Supreme Court on Tuesday also confirmed Biden had won the state, sending the results to Nevada’s Democratic governor for final certification.
November 25, 2020 06:08 UTC
Carrie Lam promised Hong Kong's “confused'' and “helpless” youth the government will consider how to create an environment that enables them to grow healthily, build a stable home, pursue a good career and unleash their full potential. “We also hope that our young people can set their sights on our country, seizing the opportunities to study, work and live in the Greater Bay Area, to broaden the scope for realizing their dreams.'' Lam said some youth feel confused and helpless about their future and the way society is developing.
November 25, 2020 06:07 UTC