A 60-year-old hawker has been sentenced to three-weeks' jail, suspended for three years, for assaulting five Food & Environmental Hygiene Department officers.
He was also fined $1,000 for each of the three counts of assault.
The penalties were meted out by Tsuen Wan Magistracy today.
The officers were assaulted when they saw him causing an obstruction at Lai King Hill Road in Kwai Chung on January 3, and asked him to leave.
Customs officers have arrested a 55-year-old truck driver at the Shenzhen Bay Control Point for importing unmanifested cargo worth $11 million.
It is the largest smuggling case at land boundary control points in two years.
Officers stopped his lorry at 7am yesterday, which was declared to be carrying connectors, clothing and wires.
They found 331 cartons of unmanifested goods, including 60,000 sets of electronic cigarettes and cartridges, 15,000 tablets and 10,000 boxes of suspected virility drugs and health products.
New York-headquartered Tiger Management has partnered with Marvin & Palmer Associates to invest in Asian equities, with a particular focus on Southeast Asia. The new Asian strategy will be managed by MPA Capital Management, an affiliate of Marvin & Palmer Associates. Tiger Management is an investor in the fund. Todd Marvin, a portfolio manager at […]
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Forty-four percent of Asian institutional investors who have already made investments in infrastructure are looking to allocate more capital into the investment category in the next 12 months. This percentage is the highest compared to North America, Europe and the rest of the world, indicating great optimism by Asian investors on investing in infrastructure funds, […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
Property prices in 70 cities in China rose 3.1% year-on-year in March, the strongest growth since September 2011. The sharp increase could point to more policy tightening by the central government, potentially during the second quarter, according to a research report by Nomura International. The Japanese bank says that the potential tightening of the property […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.