PRESS DIGEST - Hong Kong - May 8
HONG KONG, May 8 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Friday. Reuters has not verified these stories and does not vouch for their accuracy.
SING TAO DAILY
-- A relief package amounting to over HK$10 billion is likely to be revealed in June on top of market-saving policies already announced in the official budget, sources say.
SOUTH CHINA MORNING POST
-- China Mobile (0941.HK) is facing a potential setback in its planned HK$4.07 billion ($525 million) investment in Taiwan mobile operator Far EasTone Telecommunications (4904.TW), after the island's authorities said there were no near-term plans to open basic telecommunications services to mainland firms.
THE STANDARD
-- The expansion of Hong Kong Disneyland has moved a step closer and a deal will be finalised soon, according to Financial Secretary John Tsang. A source said the government will forgo a HK$6.1 billion loan.
-- The Hong Kong Mortgage Corporation said its Shenzhen joint venture will begin business by acting as a guarantor for the unsecured mortgage loans of mainland banks, with fees as its main income.
WEN WEI PO
-- Hutchison Whampoa (0013.HK) announced it has spent US$200 million to buys notes issued by its partially-owned oil firm Husky in Canada. There were two batches maturing 2014 and 2019 respectively.
TA KUNG PAO
-- Supplement terms under the Closer Economic Partnership Arrangement (CEPA) trade pact between Hong Kong and Guangdong will be signed on Saturday. Further agreements are said to include loosening requirements for Hong Kong professionals to establish operations on the mainland.
For Chinese newspapers, see...............[PRESS/CN]
For Taiwan newspapers, see............[PRESS/TW] ($1=7.750 Hong Kong Dollar)
