Exchange Fund Bills Tender Results
The following is issued on behalf of the Hong Kong Monetary Authority: Exchange Fund Bills Tender Results **************************** Tender date : April 30, 2019 Paper on offer : EF Bills Issue… read more
The following is issued on behalf of the Hong Kong Monetary Authority: Exchange Fund Bills Tender Results **************************** Tender date : April 30, 2019 Paper on offer : EF Bills Issue… read more
The Government announced today (April 30) its provisional financial results for the year ended March 31, 2019. Expenditure for the year ended March 31, 2019 amounted to HK$531.8 billion and rev… read more
Hong Kong Customs yesterday (April 29) seized about 20 000 kilograms of suspected duty-not-paid water pipe tobacco with an estimated market value of about $13 million and a duty potential of about $46 million at the Kwai Chung Customhouse Cargo Examination Compound.
Through risk assessment, Customs officers inspected a container arriving in Hong Kong from Bulgaria declared to be carrying daily necessities. Upon inspection, Customs officers found the batch of suspected duty-not-paid water pipe tobacco in the container.
Investigation is ongoing.
Smuggling is a serious offence. Under the Import and Export Ordinance, any person found guilty of importing or exporting unmanifested cargo is liable to a maximum fine of $2 million and imprisonment for seven years.
Under the Dutiable Commodities Ordinance, anyone involved in dealing with, possession of, selling or buying duty-not-paid tobacco commits an offence. The maximum penalty upon conviction is a fine of $1 million and imprisonment for two years.
Members of the public may report any suspected illicit tobacco activities to Customs’ 24-hour hotline 2545 6182 or its dedicated crime-reporting email account (crimereport@customs.gov.hk).
On April 9, 2019, the Acting Chief Executive in Council made the District Councils Ordinance (Amendment of Schedule 7) Order 2019 in accordance with section 82 of the District Councils Ordinance (Cap. 547) to increase the subsi… read more
The Transport Department (TD) today (April 30) reminded the public that due to the suspension of the Peak Tram service for around two to three months from April 23, the New World First Bus (NWFB) has introduced route No. X15 for travelling directly between Admiralty (West) Bus Terminus (near Admiralty Station Exit B) and the Peak Public Transport Terminus. The full fare is $12.4. Departures from Admiralty (West) operate from 7am to 11.30pm daily while departures from the Peak operate from 8am to midnight daily.
From May 1 to 5, subject to passenger demand, NWFB route No. X15 (Admiralty (West) bound) will provide special departures with en-route stops at Harcourt Road outside Admiralty Centre and Connaught Road Central outside Jardine House before arriving at Admiralty (West) Bus Terminus, so as to facilitate passengers to travel to Admiralty and Central.
At the same time, the NWFB will introduce special departures X15R under route No. X15, with seven departures provided daily (time: 11am, noon, 1pm, 4pm, 5pm, 6pm and 7pm) departing from Central Pier No. 5 to the Peak, with en-route stops at Central (Star Ferry Pier), Central (Exchange Square) and Admiralty (West). The full fare is also $12.4.
Details of the transport arrangement are now available on the TD’s website (www.td.gov.hk). read more