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‘Made in Hong Kong’ brand suffers as US-China tensions deepen

first_imgTopics : At the Koon Chun Sauce Factory workers are scrambling to cover hundreds of thousands of bottles with new “Made in China” labels as the popular Hong Kong brand falls victim to spiraling diplomatic tensions.Founded nearly a century ago, the family-owned factory has survived a world war, multiple economic crises and the slow withering of Hong Kong’s manufacturing base as companies looked for cheaper labour in mainland China.It remains one of the financial hub’s most enduring brands, churning out culinary staples such as soy, hoisin and oyster sauces found in Chinese restaurants and kitchens around the world. But from November it can no longer place the words “Made in Hong Kong” on any products exported to the United States — part of Washington’s response to Beijing imposing a tough new security law on the restless city.The new rules, announced by US Customs in August, came just two days before a Koon Chun shipment of 1,300 boxes was about to set sail for Atlanta.The factory suddenly had to re-label the entire shipment and all other cargo the firm planned to ship to the US this summer. “It was a mission impossible,” Daniel Chan told AFP from the factory his great-grandfather founded in 1928. Impossible situation But economic consequences have rippled through the recession-hit hub as authorities use the new powers to pursue political opponents.Rattled tech firms have declined to share data with local police while some companies and universities are struggling to attract international talent.Banks have found themselves caught in an impossible situation. The US has sanctioned key Chinese and Hong Kong officials in response to the law. But that same security law also forbids companies from complying with any foreign sanctions regime. Another victim has been the “Made in Hong Kong” brand, a label that companies can place on products made exclusively in the city.Donald Trump has turned increasingly hawkish towards China as he seeks re-election, and the crackdown on democracy supporters in Hong Kong has given him fresh ammunition.This summer his administration declared Hong Kong no longer sufficiently autonomous to justify special trading status. Instead it would be treated like any other Chinese city.Chan, who studied at Harvard in the US, said he expected the political landscape would shift in Hong Kong. But he never thought it would come so fast.”I envisioned something closer to 2047, when Hong Kong is officially without One Country Two Systems,” Chan said, referring to the China promise to let Hong Kong keep key liberties and autonomy for 50 years after the 1997 handover from Britain.The past few weeks have been a blur of activity at the sauce factory as its 90 employees try to adjust to the new reality.center_img China blanketed Hong Kong in a new security law to stamp out huge and often violent pro-democracy protests that convulsed the city last year.Both Beijing and local authorities said it would have no impact on businesses and would restore stability. Political fiasco On top of the stop-gap stickers, new labels are being drawn up for US exports — the large “Made in Hong Kong” lettering replaced with a much smaller “Made in China” declaration.Much time has been spent rearranging storage for now-delayed cargo shipments.Companies were given a reprieve when Hong Kong’s commerce minister Edward Yau said Washington had postponed the label rule until early November, after the presidential election. “This buys us a little bit of time,” Chan said. But he described it as “a short-term solution to this whole politically inspired fiasco”.Yau has slammed the labeling change and threatened to take the US to the World Trade Organization.He also stressed that Hong Kong-made shipments to the US were worth just HK$3.7 billion ($480 million) in 2019, less than 0.1 percent of the city’s gross exports.But that is little consolation for Chan who says around half his products go to the US, where the brand is especially popular with the large Chinese diaspora in North America. “I would say we are the only company which is only based in Hong Kong and still doing this kind of mass production and shipping it to US,” he said.Looking ahead, Chan fears more international markets may follow America.”In 20 years, 30 years from now, people will only have ‘Made in China’ and forget about Hong Kong,” Chan said. “That’s very sad.”last_img read more

Roland Garros in autumn: No fans ‘sucks’, water to celebrate birthday

first_img“Having no fans stinks,” said Isner, the giant American 21st seed who made the second round with a 6-4, 6-1, 6-3 win over home hope Elliot Benchetrit.”The atmosphere at this event is unbelievable, one of the best we have all year long. We don’t have that right now. “At the same time it’s a Grand Slam.”All the players at this year’s tournament are staying at two city center hotels. Apart from playing and training, they are barred from leaving. It’s a French Open like no other and for Simona Halep that means toasting a lonely birthday with a bottle of over-priced hotel water while for John Isner, it “sucks” seeing so few fans at a shivering, rainswept Roland Garros.Taking place four months later than usual due to the coronavirus, the early summer warmth normally associated with the tournament has been replaced by a bone-chilling 10 degrees.As a result, the world’s best players are putting on extra layers as well as brave faces. Many have compensated by posting pictures of the Eiffel Tower, a perfect background prop for their Instagram accounts.”We’re wearing our masks. We’re not leaving the hotel, of course, to go out to dinner or do anything like that,” added Isner.”Speaking for myself, I feel very safe. There’s no doubt about that. I think they’ve done a good job. The hotel, it’s nice. It’s got everything you could ask for. The rooms get really cold at night when you open your window. That’s awesome.”The restrictions will make for a lonely 29th birthday for 2018 champion Halep, the women’s top seed.”The perfect present was that I won today,” said Wimbledon champion Halep after seeing off Sara Sorribes Tormo 6-4, 6-0 under the roof of Court Philippe Chatrier.center_img ‘Grateful for any fans’ “I cannot celebrate much, because I have to stay in the room, so I will just have a bottle of water!”The pandemic has made the world a very different place and tennis hasn’t escaped its impact.Wimbledon was cancelled for the first time since World War II while the US Open was played out behind closed doors.For Venus Williams, now 40 and who made her Paris debut back in 1997, it was a bonus to at least see a smattering of the permitted 1,000 fans watching her first round tie, a 6-4, 6-4 loss to Anna Karolina Schmiedlova.”There were a handful of people there, and I was super grateful for them,” said the American seven-time Grand Slam title winner who was dressed in leggings, a long-sleeve shirt topped off by what looked liked a black, knitted, sleeveless cardigan.”It was fantastic, really. At this point, grateful for any fans that are here. Miss them desperately.”Greece’s Maria Sakkari arrived in Paris having trained in Athens where it was a sweltering 35 degrees.The 20th seed eased past Australia’s Ajla Tomljanovic 6-0, 7-5 before hailing the efforts of the French Tennis Federation on getting their long-delayed event up and running.”They are doing a great job because it’s more players, more people, less space, worse weather,” said Sakkari, comparing conditions in Paris to those of the recent US Open in New York.The few ticket-holders who made it inside courtesy of a random draw made the most of the dismal conditions.”We have access to all the courts, to all the matches for the whole day, we can enjoy Chatrier court, we know that we are a little privileged,” Julien Grisard, president of a Lyon tennis club told AFP.”It’s almost disconcerting to be so close to great players like these, you have the impression of being on a [third-tier] Challenger tournament. It’s a real opportunity.”Topics :last_img read more

Home of Golden Gaytime inventor hits the market

first_imgInventor of Golden Gaytime and Splice ice-creams Peter Lancaster and real estate agent Daniel Argent at the Paddington house (65 View Street) he has just put on the market. Picture: NIGEL HALLETT A Streets billboard for Splice ice-cream. RELATED: MILLIONS SPENT TO SNAP UP ‘CASTLE’ The incredible view from the top floor of the house at 65 View St, Paddington.HE’S the man who gave us some of Australia’s most iconic ice-creams, and he lives right here in Brisbane — but not for much longer.Food scientist Peter Lancaster, who invented the Golden Gaytime and Splice ice-creams, is selling his mouth-watering Paddington pad with a cool $3.69 million-plus price tag.That’s the equivalent of buying at least one million Golden Gaytimes from the local servo. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Inside the stunning home.The designer kitchen is equipped with a range of Miele appliances, a Liebherr refrigerator, a Vintec wine refrigerator, bi-fold windows and a walk-in cold room.There’s also a 2000-bottle climate-controlled wine cellar, gym, Sonos sound system and hi-tech security.Paddington is one of Brisbane’s most expensive suburbs, with a median house price of $1.15 million, according to property researcher, CoreLogic. The bathroom doesn’t have a bad view, either.Mr Lancaster said he was chuffed the vanilla and toffee ice-cream dipped in chocolate and biscuit crumbs was still a popular treat.“It’s still going well and basically the same product,” he said.The idea for the name for Splice came from England, where there was an ice-cream called Split.“I can remember sitting around the table with the advertisers trying to come up with a name for it,” Mr Lancaster said.He claims he also invented Paul’s custard, which is still sold in supermarkets across Australia. An advertisement for the Golden Gaytime ice-cream. Picture: Supplied. Inside the home at 65 View St, Paddington.The top floor of the home is perhaps the most delectable, with an open-plan living room and covered balcony framing a jawdropping view of Brisbane’s city skyline.There are plenty of outdoor spaces throughout the property — perfect for sitting back and enjoying an ice-cream on a hot Brissie day.Self-contained guest accommodation takes up the lower floor, while the master bedroom wing, directly above, includes a one-way glass ensuite. “I grew up on Golden Gaytimes and Splices. “Every swimming carnival at school — that’s what you’d get at the end.”Mr Argent said the property was the best house on the market in Paddington. “It has the most unbelievable city views going,” he said.“I think the owner’s iconic and I think the house is iconic.” This home at 65 View St, Paddington, is for sale for offers over $3.69m.Mr Lancaster and his wife, Susan, bought the property at 65 View Street in 2009 and have since undertaken a major renovation.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoThe incredible three-level, modern masterpiece has four bedrooms, four bathrooms, an internal lift, floating stairs, a pool with exercise jets and city views to die for.Now retired, the couple is selling to downsize to Noosa. MORE: Qld pair tipped to win The Block The outdoor area of the property at 65 View St, Paddington. The view from the downstairs kitchen of the property at 65 View St, Paddington.The property is being marketed by Daniel Argent of Urban Property Agents, who said he experienced a bout of nostalgia when he learned who the owner of the property was.“He’s basically an Australian celebrity — the ice-cream version of Bert Newton!” Mr Argent said. Mr Lancaster was employed by Streets in the late 1950s and 1960s when he came up with the idea for the Splice ice-cream and Golden Gaytime, which is still enjoyed today.“The advertising people came up with the name,” Mr Lancaster said.“It was just called Gaytime then because back in those days, it didn’t have the connotations it does today.“Years later, they made it Golden Gaytime.”last_img read more

Inside the Gold Coast’s top 10 property sales of 2018

first_img2230 Arnold Palmer Drive, Sanctuary Cove. Inside 9 Hedges Ave at Mermaid Beach. Former V8 Supercar driver Paul Weel sold his Gold Coast beachfront mansion in a $5.5 million deal.The multimillion-dollar sale was cemented following a 60-day settlement period.Weel and his wife Emma bought the property — originally home to a rundown beach shack — for $3.09 million in 2015 103-105 Hedges Ave, Mermaid Beach. 3250/23 Ferny Ave, Surfers Paradise. Retired corporate executive David Baird and his wife Marion make two appearances on this list.As well as selling their Isle of Capri home, the pair smashed the Australian sales record for a house fronting a golf course, spending $6.5 million on a property in Sanctuary Cove.The near new luxury property was sold through Matt Gates of Ray White Prestige in an off-market deal.The previous golf-fronted record stood at $4.275 million when Mr Gates sold 2218 Arnold Palmer Drive, Sanctuary Cove, last year.No stranger to Sanctuary Cove, the Bairds have owned property there since it was developed. MORE NEWS: Home with own motocross track now the hottest in Australia 31-33 The Corso, Isle Of Capri. 3-7 Sir Lancelot Close, Sovereign Islands. 4/3565 Main Beach Pde, Main Beach, $5.5 million 31-33 The Corso Isle Of Capri. 3-7 Sir Lancelot Close, $11.05 million 9 Hedges Ave at Mermaid Beach. Photo: RP Data M3565 on the Gold Coast’s Main Beach. 3250/23 Ferny Ave, Surfers Paradise. Harvey Norman CEO Katie Page sold one of the apartments in her boutique M3565 building at Main Beach for $5.5 million.It was the highest price paid for a beachfront apartment on the Glitter Strip this year.The luxury residences hit the market in July 2017.The four-bedroom, fourth-floor apartment, once priced at $7.85 million before being slashed to $6.75 million this year, sold through Robert Graham, of Ray White Prestige. Another Hedges Ave mansion takes out second spot in the top 10.The home was bought by an interstate buyer.The sale was achieved by Kollosche Prestige Agents principal Michael Kollosche and Prestige Property’s Harry Kakavas in April.The sale is the fifth largest on the Mermaid beachfront since the strip’s GFC-induced doldrums. One of the sales — former Billabong investor Scott Perrin’s Gold Coast residential record $25 million deal on his home Tidemark — leads the way. 57 Woodgee St, Currumbin. 57 Woodgee St, Currumbin, $5.6 million It took less than one week for entrepreneurial businessman David Baird and his wife Marion’s property at 31-33 The Corso, Isle of Capri, to be sold to an Asian buyer.“Following the sale of this house we will be moving to Paradise Waters,” Mr Baird, a retired corporate executive, told the Bulletin at the time of the sale.“We didn’t have the house on the market but it sold within a week. It was a very quick sale and we are happy with the outcome.”The sprawling mansion has a raft of luxury features including a waterfront pool, gated entry and manicured gardens. 2230 Arnold Palmer Drive, Sanctuary Cove. 57 Woodgee St, Currumbin. 8-10 Marseille Court, Bundall, $9 million 31-33 The Corso, Isle of Capri, $8.8 million 504 The Esplanade, Palm Beach, $5.5 million The riverfront property in the Bundall locale of Sorrento sold for $9 million, smashing the suburb record.Property records show the palatial house at 8-10 Marseille St was bought by investor Robyn Smith in 2007 for $6.2 million.Ms Smith extensively renovated the property — the result being a luxury resort-style residence on a sprawling 2703sq m riverfront block.It was listed at almost $14 million last year before being dropped to $9.95 million. 103-105 Hedges Ave, Mermaid Beach, $11.6 million 3-7 Sir Lancelot Close, Sovereign Islands. 9 Hedges Ave, Mermaid Beach, $12 million It should come as no surprise the highest property purchase of 2018 belongs to billionaire Clive Palmer who splashed $12 million on a beach house in Mermaid Beach.It has a raft of luxury features including a boxing ring, fully airconditioned gym, 22m lap pool and direct beach access.Mr Palmer bought the home from developer John Potter.He signed up for the four-level Hamptons-style residence after a 20-minute inspection and after getting the thumbs up from wife Anna 504 The Esplanade, Palm Beach. 2230 Arnold Palmer Drive, Sanctuary Cove $6.5 million 103-105 Hedges Ave, Mermaid Beach- the second highest sale of 2018. More from news02:37International architect Desmond Brooks selling luxury beach villa13 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago 3250/23 Ferny Ave, Surfers Paradise, $9.5 million Coming in a close third is another mega mansion, this time on The Sovereign Islands.Amir Mian, principal of Prestige Property Agents, confirmed the sale of Grande Vista.“It’s just over $11 million,” Mr Mian said. “It is the highest sale on The Sovereign Islands. A local buyer will be moving into it.”The property now holds the sales record on The Sovereign Islands — the record was previously held by Baltimore, a mega mansion that changed hands for $11 million in 2006. 8-10 Marseille Court, Sorrento sold for $9 million earlier this year.MULTIMILLION-DOLLAR views and an endless list of jaw-dropping features.The top Gold Coast sales of 2018 include mansions on the beachfront, sprawling estate, several riverfront residences and even a sky-high penthouse.All top-10 properties come with a long list of luxury features while the top three sales broke the $10 million mark.Real Estate Institute of Queensland Gold Coast zone chairman Andrew Henderson said the prestige sales showed there was strength in the Gold Coast property market.“For a non-capital city there are some big-ticket sales,” he said.“Once you get into that $10 million range it is a very limited residential market, but obviously it shows there is still strength in the Gold Coast market in general.” The sale of a palatial Surfers Paradise apartment for $9.5 million holds the Gold Coast penthouse sale record.Property development company owner Ron Bakir sold the apartment in January.The luxurious skyhome at the Towers of Chevron Renaissance, which spans the 39th and 40th floors, is on one of the most popular tourist strips in the country and took two years to build.It has four bedrooms, five bathrooms, 21 car spaces and panoramic views over the city, beaches, main river and Gold Coast Hinterland. MORE NEWS: Gold Coast mega mansion sells in a deal worth more than $9 million An interstate buyer paid $5.6 million for a spectacular Currumbin beach house, the second highest sale recorded in the suburb.Marketing agent Carol Carter of Queensland Sotheby’s International Realty said the ocean views and quality of the build set the house apart.The highest sale in Currumbin was $8.2 million in 2010 for a six-bedroom house on James St. 8-10 Marseille Court, Sorrento.last_img read more

$6.6 Million for Pointe aux Basques Terminal Project

first_imgCanada’s Minister of Transport, Marc Garneau, has announced a significant investment of $6.6 million aimed at improving the infrastructure of the Pointe aux Basques terminal.The investment in the Pointe aux Basques terminal – located in the Port of Sept-Iles, 650 kilometers down river from Quebec city on the North Shore of the St. Lawrence –  will support the long-term extensive development of the mining industry and help local businesses to compete and ship Canadian goods to international markets.The project is aimed at rehabilitating the Pointe aux Basques terminal. The planned work includes building a retaining wall along the entire length of the existing wharf and extending the wharf length by approximately 220 meters.“Our government is investing in Canada’s economy by making improvements to our trade and transportation corridors. We are supporting projects to efficiently move goods to market and people to their destinations, stimulate economic growth, create quality middle-class jobs, and ensure that Canada’s transportation networks remain competitive and efficient,” said Minister Marc Garneau.This work will expand the offer of service in the transit of goods by increasing the capacity of the terminal.last_img read more

Child support system to get huge overhaul

first_imgNZ Herald 7 May 2012Child support is set to be overhauled in the biggest proposed changes to child support law in 20 years.The income of both parents will be factored into child support calculations for the first time under the Child Support Amendment Bill proposed by Revenue Minister Peter Dunne which has its first reading in Parliament tomorrow.At present, the income of the parent who has sole care of children is not considered in child support calculations because current laws assume the sole carer will not be earning an income.“We will include the income of both partners in the equation in terms of liability. Since 1992 far more of the custodial parents are back in the work force,” Mr Dunne said.If passed, the bill would do away with a blanket approach to calculating how much child support a parent had to pay and would factor in individual circumstances.Mr Dunne said the main carer of children, or the person who had custody, was now often an income earner and this had not been factored in to how payments had been calculated. read more

Tourism Minister says 2012 cruise season will be more attractive

first_img Share 11 Views   no discussions Tweet LocalNews Tourism Minister says 2012 cruise season will be more attractive by: – December 28, 2011 Sharecenter_img Tourism Minister Hon. Ian Douglad. (file photo)Tourism Minister Ian Douglas says the 2011 cruise season has been a challenging one.Douglas, in his Christmas Message said since the pull out of Carnival Victory stakeholders have been struggling however, several measures have been put in place for 2012 to make the destination more attractive.“The team work approach employed by the Ministry of Tourism and the stakeholders in an effort to enhance the welcoming experience on the boulevard and other sites and attraction has been a step in the right direction. There has definitely been more organization on the Roseau Bayfront,” he said.According to the tourism minister, government has continued to enhance the product across the island.“Our Community Tourism Program is working successfully, community groups have been assisted to upgrade their products and they have been empowered to take advantage of the vast opportunities of eco and community tourism,” Douglas said.He said a major development in the tourism sector in 2011 was the completion of the Waitukubuli National trail.“We are very excited about the Trail. This product holds tremendous potential for the community tourism groups around the island. The trail is presently being marketed in America, France and Guadeloupe and other European countries. There has already been several international reviews about the trail…” he said.The introduction of the Kalinago Home Stay program was also another segment highlighted by Douglas as a major development.The “I AM DOMINICA” campaign and the Staycation initiative also received thumbs up by the tourism minister.Dominica Vibes News Sharing is caring! Sharelast_img read more

Earley names provisional squad

first_imgIreland’s International Rules manager Paul Earley has announced his provisional squad for the Test series against Australia later this month. Fifteen counties are represented on a panel of 29 with Donegal’s Michael Murphy confirmed as captain and Cork’s Aidan Walsh vice-captain. Mayo have the largest single representation on the panel with four, followed by Cork, Donegal, Laois and All-Ireland champions Dublin, who all have three each. Galway, Tyrone and Monaghan have two each selected while Kildare, Derry, Westmeath, Armagh, Louth, Meath and Wexford are also represented. Zach Tuohy (Carlton/Laois) is the only AFL-based player in the panel. The first Test will take place at Kingspan Breffni Park on October 19, with the second being played at Croke Park on October 26. Ireland panel; Michael Murphy (Donegal, captain), Aidan Walsh (Cork, vice captain), Paddy O’ Rourke (Meath), Colm Begley (Laois), Colm Boyle (Mayo), Ciaran Byrne (Louth), Sean Cavanagh (Tyrone), Paul Conroy (Galway), John Doyle (Kildare), Paul Flynn (Dublin), Finian Hanley (Galway), John Heslin (Westmeath), Darren Hughes (Monaghan), Lee Keegan (Mayo), Ciaran Kilkenny (Dublin), Paddy McBrearty (Donegal), Jack McCaffrey (Dublin), Niall Morgan (Tyrone), Neil McGee (Donegal), Chrissy McKaigue (Derry), Ciaran McKeever (Armagh), Kevin McLoughlin (Mayo), Conor McManus (Monaghan), Ross Munnelly (Laois), Aidan O Se (Mayo), Ciaran Sheehan (Cork), M ichael Sheilds (Cork), Zach Tuohy (Carlton & Laois), Daithi Waters (Wexford). center_img Press Associationlast_img read more

Buttner wants to leave United

first_img The 25-year-old Dutchman has made just 28 appearances since joining from Vitesse Arnhem two summers ago. Established left-back Patrice Evra last month extended his contract for a further 12 months while United are reportedly interested in Southampton’s England international Luke Shaw. In addition, Buttner does not believe he will get much of a go under Van Gaal. “Van Gaal never gave me the chance in the Dutch national team, despite being voted man of the match 14 times at Manchester United,” he told Dutch newspaper De Telegraaf, although his estimation of the significance of his performances appears to have been inflated somewhat. “Apparently he is not very confident about me. So I think this is the right moment to leave.” Buttner’s agent Alexander Bursac admits remaining at Old Trafford is not really feasible. “In the past two years, Louis van Gaal has ignored Buttner time after time so what kind of perspective does he have when Van Gaal becomes his new club coach?” he told Voetbal International. “Patrice Evra signed a new contract and with Luke Shaw they want to buy another player for Buttner’s position. “To stay at Manchester United was not an option for Buttner. “Dynamo Moscow has great plans for the future and they want to challenge for the title.” Manchester United defender Alex Buttner claims the arrival of Louis van Gaal as manager has convinced him to leave Old Trafford with Dynamo Moscow a reported destination. center_img Press Associationlast_img read more

Attorney General Ashley Moody issues statement on FDLE phone scam

first_imgFlorida Attorney General Ashley Moody has issued a statement warning Florida residents about a new phone scam where the perpetrators are pretending to be the Florida Department of Law Enforcement and have been calling unsuspecting victims to demand payment or their personal information.Moody says the scammers are using a method called spoofing to make it seem as if the call is truly coming from the FDLE, however, Moody says the department would never call you and ask for money or your personal information over the phone.If you believe you have been the victim of this scam, you are asked to call FDLE at (850) 410-7000 or (866) 9NO-SCAM.last_img read more