Connect with us

Hong Kong

Discussions between Hong Kong leader and protesters yield little in the way of progress

May Taylor

Published

 

on

Discussions between Hong Kong leader and protesters yield little in the way of progress | The Thaiger

PHOTO: AFP

Hong Kong Chief Executive Carrie Lam appeared humble during a meeting where citizens voiced discontent at her ongoing refusal to give in to their demands. The meeting comes after more than three months of often violent anti-government protests in the city.

The protests originally began as a result of a proposed bill that would pave the way for Hong Kong criminals to be extradited to China for trial. That bill has now been withdrawn but not before it sparked months of demonstrations in what is now seen as a wider push-back against the threat of heavy-handed Beijing rule.

As part of the handover agreement between Britain and China prior to the former British colony being returned to Beijing in 1997, Hong Kong was promised semi-autonomy under a “one country, two systems” policy. Hong Kong citizens now fear that guarantee is being slowly reversed.

Thai PBS World reports that Lam had hoped the talks would calm tensions ahead of more protests planned for this weekend, which could mar celebrations for China’s National Day on October 1.

Willy Lam from the Centre for China Studies at Hong Kong’s Chinese University, says the Hong Kong leader appeared to be genuine in her search for a solution, but that good intentions were not enough.

“Carrie Lam showed some sincerity. She sat through more than two hours of humiliation and demonstrated at least willingness to hear radically different views. She has the guts to face opposition but still it’s not good enough. It was a good occasion for people to reduce pent-up anger, but it will not cool down emotions because there was no concrete reconciliatory moves.”

During the talks, the Hong Kong leader accepted responsibility for having caused serious political upheaval with her proposed extradition bill and pledged to do her best to win back the public’s trust.

She stopped short however, of any commitment to consent to the protester’s key demands, which include an investigation into police brutality and the release of those arrested during the demonstrations.

Instead, she appeared to blame the protests on social inequality, promising to address issues such as a lack of affordable housing in Hong Kong.

Lam remained in the building for four hours after the talks had ended, to avoid angry encounters with some protesters waiting outside.

SOURCE: Thai PBS World

Keep in contact with The Thaiger by following our Facebook page.

Hong Kong

Hong Kong property investors turn to SE Asia

The Thaiger

Published

on

Hong Kong property investors turn to SE Asia | The Thaiger

From luxury Singapore apartments to Malaysian seafront condos, Hong Kong investors are shifting cash into Southeast Asian property, demoralised by increasingly violent protests as well as the China-US trade war.

Millions have taken to the streets during four months of pro-democracy demonstrations in the southern Chinese city, hammering tourism while also forcing businesses to lay off staff – and the property sector is feeling the pain. Property stocks in one of the world’s most expensive housing markets have plummeted since June, with developers being forced to offer discounts on new projects and cutting office rents.

Hong Kong businessman Peter Ng bought a condominium on the Malaysian island of Penang – which has a substantial ethnic Chinese population and is popular among Hong Kongers – after the protests erupted.

A 48 year old stock market and property investor told AFP he was worried about long-term damage to the Hong Kong economy if the unrest persists.

“The instability was a catalyst for me. Investors will always look at things like that, political stability.”

And Derek Lee, a Hong Kong businessman who owns a Penang apartment, said he knew others in the semi-autonomous city who were considering investing in south east Asian property because of the unrest.

“People are thinking about how to quicken their ideas, how to make a more stable life,” the 55 year old told AFP. Part of the allure of Malaysia is its relative affordability and prices much lower than Hong Kong.

The Malaysia site of Southeast Asian real estate platform Property Guru has seen a 35 percent increase in visits from Hong Kong, according to its CEO Hari Krishnan.

China-fuelled boom

While Hong Kong’s protests are primarily pushing for greater democratic freedoms and police accountability, the summer of rage has been fuelled by years of simmering anger towards Beijing and the local government over falling living standards and the high costs of living.

Hong Kong’s property market is one of least affordable in the world with sky-high prices fuelled, in part, by wealthy mainlanders snapping up investments in a city which has failed for years to build enough flats to meet demand.

But now mainland Chinese, who traditionally viewed property in Hong Kong as a safe investment, are opting for rival financial hub Singapore as a result of the protests and the US-China trade war, according to observers.

There has been a jump this year in sales of luxury apartments in the city-state, which like Hong Kong is known for pricey property, driven partially by mainland Chinese buyers, according to the consultancy OrangeTee & Tie.

“The protests in Hong Kong have made some of the (mainland Chinese) based there… (more concerned) about investing in Hong Kong real estate, so they carry that investment to Singapore,” said Alan Cheong, executive director of the research and consultancy team at Savills.

As well as hitting China’s economy, trade tensions may have discouraged some Chinese from investing in the West and pushed them towards Singapore, with its mostly ethnic Chinese population.

“I think they don’t want to go to the West.”

Singapore is “the closest country culturally to China other than Hong Kong and I think they feel more comfortable with that”. There are further signs the stable, tightly ruled city is benefiting from the Hong Kong turmoil. Goldman Sachs last week estimated as much as $4 billion flowed out of Hong Kong to Singapore this summer.

And analysts warned there was little hope of Hong Kong’s property market recovering soon.

“Hong Kong property share prices have corrected by about 15 to 25% since July,” said Raymond Cheng, head of Hong Kong and China property at CGS-CIMB Securities International.

Residential sales were still holding up but only when developers offered discounts, office rents were expected to fall by as much as five percent and shop rents were also badly affected, he said.

But despite the unrest, businessman Ng, who will rent his Penang property and has no plans to move there permanently for now, was still hopeful about Hong Kong’s long-term prospects.

“The problem may not be solved in the short term but it is not so serious as pessimists think. Everything is still in the government’s control.”

SOURCE: Agence France-Presse

PHOTO: newlaunches.sg

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading

Hong Kong

Future Future leader Thanathorn denies interfering in Hong Kong issues

May Taylor

Published

on

Future Future leader Thanathorn denies interfering in Hong Kong issues | The Thaiger

PHOTO: Thai PBS World

The leader of Thailand’s Future Forward party, Thanathorn Juangroongruangkit, says the reaction to him being photographed with Joshua Wong, leader of Hong Kong’s pro-democracy movement, is totally overblown and taken out of context.

The picture, taken at a Hong Kong event organised by The Economist magazine where Thanathorn had been invited to speak, went viral on Thai social media, leading to some military figures and other pro-Army groups to accuse him of meddling in Hong Kong’s current turmoil.

Thanathorn strenuously denies the allegations, saying he only met Wong for five minutes, and insists he fully respects China’s position with regard to Hong Kong and the principle of, “One Country, Two Systems”.

But he admits to having looked to Hong Kong’s pro-democracy movement for inspiration in 2018, when discussing with friends the best way to end the junta’s rule in Thailand. He says in the end, he decided to set up a political party as a means to achieving this.

Posting on Facebook, the politician says he has no intention of getting involved with the Hong Kong push for greater democracy or the protests which have rocked the city for four months now. The Future Forward party leader adds that his mission, and that of his party, is to continue building democracy in Thailand.

Thanathorn says he’s a supporter of freedom of expression and the right to peacefully protest, and does not want to see violence in Hong Kong.

SOURCE: Thai PBS World

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading

Hong Kong

Chinese media is slamming NBA over Hong Kong comments

The Thaiger

Published

on

Chinese media is slamming NBA over Hong Kong comments | The Thaiger

Sport, world politics and the mess in Hong Kong. Put the three together and you have an explosive mix. The NBA’s entire future as it expands in China is now under a serious cloud.

Chinese state media is slamming the NBA for their “about-face” after the basketball association said it would not apologise for a tweet by the Houston Rockets General Manager supporting pro-democracy protests in Hong Kong.

The US league is drawing fire from Chinese broadcasters, sponsors and social media after Daryl Morey tweeted a message Friday saying “Fight for freedom. Stand with Hong Kong.”

After the NBA called Morey’s tweet “inappropriate” in a statement on the Chinese Weibo social media , league commissioner Adam Silver insisted at a press conference in Tokyo yesterday that the league would not apologise and would “support freedom of expression”.

In an editorial, the state-run China Daily accused the NBA of a U-turn and said Silver’s remarks showed the league’s earlier “honey-mouthed” statements had been “nothing but an attempt to prevent the hemorrhaging of profits made in China.”

It added that “Silver’s about face, which will definitely give a shot to the arms of the rioters in Hong Kong, shows his organisation is willing to be another handy tool for US interference in the special administrative region.”

State broadcaster CCTV and Chinese internet company Tencent both suspended broadcasts of Rockets games and two preseason NBA games in China.

Beijing has often accused foreign forces of fuelling the unrest in Hong Kong.

An editorial in the nationalistic Global Times also blasted the NBA for bowing to “political correctness in the US”, saying there was now “little room for reconciliation” as the issue had escalated into a clash of values between China and the US.

“Silver will only offend more people no matter what he tries to say.”

The NBA commissioner said he hoped to discuss the situation with Chinese officials in Shanghai, where the Brooklyn Nets and Los Angeles Lakers are set to play an exhibition game tomorrow. But a day after the NBA cancelled a Nets publicity event in the city, NBA representatives told AFP that it had scrapped a similar public event involving the Lakers today.

Separate training sessions by the teams, that media had been invited to, were also abruptly declared closed.

Crews at Shanghai’s Mercedes-Benz arena, where the Nets and Lakers were to tip-off, were seen this morning removing the logos of the NBA, Nets, Lakers, and corporate sponsors from lamp-posts and walls in the area. And speculation is growing in the US that the games themselves – another is to be held in the southern city of Shenzhen on Saturday – could be cancelled.

The NBA has built a lucrative Chinese fanbase in recent years thanks in part to the popularity of former Rockets centre Yao Ming.

The Chinese Basketball Association, which Yao now heads, has also cut off ties with the Rockets.

SOURCE: Agence France-Presse

Keep in contact with The Thaiger by following our Facebook page.
Continue Reading

The Thaiger Newsletter

Keep up with all the day’s news. Subscribe here.

The latest news and information from Thailand.

* indicates required
ไทยแชมป์วอลเลย์บอลอาเซียนกรังด์ปรีซ์สนาม 2 รางวัลรายบุคคล | The Thaiger
วอลเลย์บอล1 week ago

ไทยแชมป์วอลเลย์บอลอาเซียนกรังด์ปรีซ์สนาม 2 รางวัลรายบุคคล

ตรวจหวย1ตุลาคม2562 ผลรางวัลที่ 1 เลขท้าย 2 ตัว 3 ตัว เลขหน้า 3 ตัว และรางวัลอื่น ๆ | The Thaiger
ตรวจหวย2 weeks ago

ตรวจหวย1ตุลาคม2562 ผลรางวัลที่ 1 เลขท้าย 2 ตัว 3 ตัว เลขหน้า 3 ตัว และรางวัลอื่น ๆ

ถ่ายทอดสดหวย 1 ตุลาคม 2562 ลุ้นรางวัลที่ 1 สลากกินแบ่งรัฐบาล | The Thaiger
ตรวจหวย2 weeks ago

ถ่ายทอดสดหวย 1 ตุลาคม 2562 ลุ้นรางวัลที่ 1 สลากกินแบ่งรัฐบาล

สีจิ้นผิงกล่าวสุนทรพจน์ ครบรอบ 70 ปีก่อตั้งสาธารณรัฐประชาชนจีน -ลิงก์ถ่ายทอดสด | The Thaiger
ต่างประเทศ2 weeks ago

สีจิ้นผิงกล่าวสุนทรพจน์ ครบรอบ 70 ปีก่อตั้งสาธารณรัฐประชาชนจีน -ลิงก์ถ่ายทอดสด

คลิปไฮไลท์วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 5 | The Thaiger
วอลเลย์บอล3 weeks ago

คลิปไฮไลท์วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 5

คลิปไฮไลท์ วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 1 | The Thaiger
วอลเลย์บอล4 weeks ago

คลิปไฮไลท์ วอลเลย์บอลเวิลด์คัพ 2019 นัดที่ 1

Paramount เตรียมรีเมค FACE/OFF หนังบู๊ระดับตำนาน | The Thaiger
หนัง1 month ago

Paramount เตรียมรีเมค FACE/OFF หนังบู๊ระดับตำนาน

ประยุทธ์ โต้ รัฐบาลไหนก็มีตำหนิทั้งนั้น “ถึงเวลาก็อ้างอย่างที่ผมอ้าง” | The Thaiger
ข่าวการเมือง1 month ago

ประยุทธ์ โต้ รัฐบาลไหนก็มีตำหนิทั้งนั้น “ถึงเวลาก็อ้างอย่างที่ผมอ้าง”

อารัมภบท รักฉุดใจนายฉุกเฉิน My ambulance ตอนแรก 6 กันยานี้ | The Thaiger
บันเทิง1 month ago

อารัมภบท รักฉุดใจนายฉุกเฉิน My ambulance ตอนแรก 6 กันยานี้

วอลเลย์บอลหญิงชิงแชมป์ยุโรป 2019 โฉมหน้า 4 ทีมตัดเชือกรอบรอง | The Thaiger
วอลเลย์บอล1 month ago

วอลเลย์บอลหญิงชิงแชมป์ยุโรป 2019 โฉมหน้า 4 ทีมตัดเชือกรอบรอง

บิ๊กไบก์หัวร้อน ตบหัวลุงพิการผัวะ ‘รถกูเป็นอะไร มีปัญญารับผิดชอบไหม’ | The Thaiger
ข่าวไทย1 month ago

บิ๊กไบก์หัวร้อน ตบหัวลุงพิการผัวะ ‘รถกูเป็นอะไร มีปัญญารับผิดชอบไหม’

“มิน พีชญา”ทุ่มสุดตัว นัวผู้ชายเกือบสิบ ป่วยโรคติดเซ็กซ์ ใน”สองนรี” | The Thaiger
บันเทิง1 month ago

“มิน พีชญา”ทุ่มสุดตัว นัวผู้ชายเกือบสิบ ป่วยโรคติดเซ็กซ์ ใน”สองนรี”

ไฮไลท์ผู้เล่นตัวท้อป 8 ทีมสุดท้าย วอลเลย์บอลชิงแชมป์ยุโรป 2019 | The Thaiger
วอลเลย์บอล1 month ago

ไฮไลท์ผู้เล่นตัวท้อป 8 ทีมสุดท้าย วอลเลย์บอลชิงแชมป์ยุโรป 2019

เคาะแล้ว สนามโคราช จัดแข่งวอลเลย์บอลคัดโอลิมปิก | The Thaiger
วอลเลย์บอล1 month ago

เคาะแล้ว สนามโคราช จัดแข่งวอลเลย์บอลคัดโอลิมปิก

คลิปวงจรปิดฉาว อส.ชลบุรี ทุบเด็กแว้นนอนเจ็บคาเตียงโรงพยาบาล | The Thaiger
ข่าวไทย2 months ago

คลิปวงจรปิดฉาว อส.ชลบุรี ทุบเด็กแว้นนอนเจ็บคาเตียงโรงพยาบาล

Trending