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Author Archives: hksar gov

Hong Kong Customs seizes suspected cocaine worth over $17 million (with photos)

     Hong Kong Customs seized about 16.5 kilograms of suspected cocaine from a transshipment container at the Kwai Chung Customhouse Cargo Examination Compound with an estimated market value of about $17.7 million on March 13.

     By means of risk assessment and intelligence sharing with World Customs Organization, Customs officers selected a transshipment seaborne container, declared as containing frozen poultry products, from Brazil heading for Japan via Hong Kong for inspection.

     Upon inspection, Customs officers found that some screws of the access panel of the evaporator fan, which was part of the container’s refrigeration unit, were not installed. After opening the panel, the batch of suspected cocaine was found at the top portion of the fan.

     An investigation is ongoing.

     Risk assessment has all along been an effective strategy adopted by Customs to intercept the import and transit movements of dangerous drugs in various channels. The department will continue to step up anti-narcotic efforts by risk assessment and intelligence analysis with international co-operation.

     Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.

     Members of the public may report any suspected drug trafficking activities to Customs’ 24-hour hotline 2545 6182 or its dedicated crime-reporting email account (crimereport@customs.gov.hk).

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$1 billion in relief measures announced for airport community

     The Government and the Airport Authority Hong Kong (AA) jointly announced today (March 23) a $1 billion package of relief measures for the aviation industry in view of the sustained challenges the industry has to face due to the outbreak of COVID-19.
 
     To provide timely and direct support to companies across different sectors at Hong Kong International Airport (HKIA), the Government together with the AA put together a $1 billion package comprising a government waiver of $670 million for Air Traffic Control Charges in 2019/20 for the AA, which will be passed on in full to the airport community, and $330 million in contributions from the AA.
 
     The relief package is expected to benefit over 400 companies, including airlines, aviation support and associated passenger services, airport retail tenants and restaurants, and airport staff. The major portion of the support will be allocated to direct support measures for the aviation industry. Further rental concessions will also be provided to retail and restaurant tenants at HKIA. To demonstrate care for the airport staff, a training incentive will be provided to front-line airport staff who take on training while they are on unpaid leave. 
 
     A Government spokesman said, “The aviation industry is an important driver for Hong Kong’s economy. We are determined to maintain Hong Kong’s competitiveness as an international aviation hub, and even more so in challenging times. With the package of relief measures jointly rolled out by the Government and the AA, we stand with the airport community to weather the storm together.”
 
     The $1 billion relief package for the aviation industry is provided in addition to the two rounds of relief measures announced in September 2019 and February 2020 respectively, amounting to about $1.6 billion. read more

Effective Exchange Rate Index

     The effective exchange rate index for the Hong Kong dollar on Monday, March 23, 2020 is 109.8 (up 0.1 against last Saturday’s index).

     The effective exchange rate index for the Hong Kong dollar on Saturday, March 21, 2020 was 109.7 (up 0.5 against last Friday’s index). read more