Golden Triangle drug king to be executed
Four drug traffickers, including Golden Triangle kingpin Naw Kham, will be executed in Kunming , Yunnan province, according to state media. Naw Kham and three accomplices were convicted of murdering 13 Chinese sailors in October 2011 in an attack on two ships on the Mekong River. Myanmese Naw Kham, Thai citizen Hsang Kham, Zha Xika of Laos, and Yi Lai, who is stateless, will die by lethal injection.
Mainland PMI index released
Beijing releases its official purchasing managers' index, a key indicator of the mainland's industrial outlook. The benchmark index fell to 50.4 in January from 50.6 the month before, according to the National Bureau of Statistics. HSBC's flash PMI reading, published on Monday, showed the slowest pace of growth in four months. However, the figure stayed above 50, which indicated expansion.
New rules for milk powder take effect
New measures restricting the amount of baby milk powder a traveller can take out of Hong Kong take effect, with observers watching closely to see how it is enforced. Under the law, people leaving the city can take no more than two cans, or 1.8kg, of infant formula. Under the new law, the person with the milk powder must be at least 16 years old and must not have previously left the city in the last 24 hours. Offenders face up to two years in prison and a fine of up to HK$500,000.
US budgets slashed in sequester
The US budget sequester kicks in - barring a last-ditch deal in the early hours of this morning (Hong Kong time). The first raft of cuts are worth US$85 billion. The military will face massive cuts, along with many welfare programmes and funding for such fields as immigration and customs control at airports. The sequester was set up to force America's deeply divided politicians to reach a deal, yet appears to have failed in its purpose.
New rules for car emissions in Beijing
Beijing takes a small step towards cleaning up its filthy air as it becomes the first mainland city to ban sales of cars which do not meet the new National V Emission Standard. The State Council says the new requirement will be extended to the whole nation by 2017, but car manufacturers say the new rules will cost the industry some 40 billion yuan (HK$49.28 billion).
Legco to discuss MTR's expansion plans
Lawmakers debate plans to expand the MTR network. The government last week released two options for long-term railway development, focusing on the creation of a North Island Line as well as the latest plan for the extension of the under-construction South Island Line. The plans are subject to a public consultation running until May, but the Legislative Council's subcommittee on railway matters will discuss the issue today.