Macau tycoon dismisses US agency's 'organised crime' claim
Macau casino tycoon Stanley Ho Hung-sun has dismissed as 'a joke' a recent report by a US gambling regulator which accused him of having 'ties to Asian organised crime'. Mr Ho yesterday stepped up his criticism of a report by the New Jersey Division of Gaming Enforcement, released last week, which advised MGM Mirage not to enter into a partnership with his daughter, Pansy Ho Chiu-king, who was deemed 'unsuitable' because her father had links with organised crime in Asia. Mr Ho said last week that he had a lot of money and had no reason to get involved in illegal activities.
Financial chief to lead HK delegation to Europe
Financial Secretary John Tsang Chun-wah will lead a 20-member business delegation on an 11-day trip to Russia, Sweden and Britain during which they will meet business and political leaders to exchange views on the global economic crisis and promote Hong Kong to international investors. The delegation, leaving tomorrow, will include Hong Kong Exchanges and Clearing chairman Ronald Arculli, Airport Authority chief executive Stanley Hui Hon-chung, Law Society president Wong Kwai-huen and Trade Development Council deputy executive director Alan Wong. Delegates will visit Moscow and St Petersburg from Sunday to June 7.
Professor's invention gets patent
Baptist University chemistry professor Albert Lee Wai-ming and doctoral student He Hao have been granted a patent by the US Patent and Trademark Office for their invention of an environmentally friendly oxidation protocol for factories. Professor Lee's method makes oxidation possible without the use of toxic reagents, minimising chemical pollution and increasing energy efficiency.
Award for Expo architecture
An exhibition on Hong Kong's participation in the 2010 World Expo in Shanghai has won the German-based iF Communication Design Award in the 'corporate architecture' category. The exhibition was first staged in Hong Kong in October at the old Central Police Station.