Latest news with #Tse
HKFP
7 hours ago
- HKFP
Hong Kong activist sentenced to 120 hours of community service for defrauding gov't in welfare scheme
A Hong Kong activist has been handed 120 hours of community service for defrauding the government of HK$16,780 in welfare benefits from a subsidy scheme for the elderly. Eddie Tse, a 68-year-old licensed social worker, appeared at the Eastern Magistrates' Court on Thursday morning. He earlier pleaded guilty to four counts of fraud relating to the government's Old Age Living Allowance scheme, which gives a monthly stipend to those aged 65 and above earning below a certain income. The judge sentenced Tse to 120 hours of community service, saying he took his remorse into account. According to the prosecution's case, Tse defrauded the Social Welfare Department (SWD) of four monthly payments of HK$4,195 last year – in July, August, November and December – a total of HK$16,780. The subsidy is means-tested with a monthly income cap of HK$10,710 for a single person, or HK$16,330 for a married couple. The SWD requires beneficiaries whose income exceeds the limit after the one-year grace period to declare to authorities, but Tse did not, the prosecution alleged. Tse was said to have hidden income from his part-time job as a supervisor at the Hong Kong Polytechnic University, as well as commission for his work on the Social Workers Registration Board's disciplinary committee, which exceeded the Social Welfare Department's cap. His lawyer, Andy Chan, said during a mitigation hearing earlier this month that those jobs did not provide Tse with a fixed monthly income. At the sentencing, Magistrate David Cheung questioned why Tse had pleaded guilty if his case was that he had mistakenly believed he qualified for the welfare scheme after calculating and averaging his income by month. Chan said there was no conflict between Tse's guilty plea and his case, and that the basis of his plea direction was recklessness, as he had not made precise calculations to check his eligibility for the scheme. Legal aid application A veteran activist, Tse has advocated on a host of issues relating to his social work profession and beyond, from environmental matters to columbaria. The fraud case came to light after Tse applied for legal aid last August for his judicial review – a legal tool to challenge government policies – of the authorities' controversial plan to build the San Tin Technopole, a tech hub near the city's border with mainland China. Tse, as well as other activists and green groups, has expressed concerns about the potential harm to wetland conservation efforts. Legal aid applications are means-tested, meaning they are subject to the authorities' review of applicants' financial circumstances. Tse's application was left hanging for months, prompting the court to delay the judicial review. Tse was arrested for fraud in January, and days later, his legal aid application was rejected. The judicial review was dismissed in April, after a High Court judge barred former pro-democracy councillor Debby Chan from taking over the challenge from Tse. During hearings related to the judicial review, Tse's lawyer said he and his family members had been on the receiving end of harassment due to his attempt to challenge the government.
Business Insider
a day ago
- Business
- Business Insider
'2025 Has Not Been a Banner Year for Canadian Technology': Shopify Stock (TSE:SHOP) Slides Despite AI Push
Canadian e-commerce giant Shopify (TSE:SHOP) might be one of a few bright spots in the Canadian technology sector. That sector has been suffering in the doldrums for the last several months, but Shopify may help turn it around, at least somewhat. Though a new push into artificial intelligence (AI) is helping, investors are still very skeptical. Shares of Shopify were down nearly 3.5% in Tuesday morning's trading. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. National Bank analyst Richard Tse, who has a five-star rating on TipRanks, spelled it out: 'So far, 2025 has not been a banner year for Canadian technology.' This is, sadly, true; tech stocks dominate the headlines these days, but Shopify is little more than an afterthought. That may change, though, as Tse points out that Shopify's growth in AI is giving it some real help. Tse noted, 'The most notable broad driver of growth and innovation for Shopify is from AI – its application both internally and for its merchants. In our view, this is by far the biggest potential driver of profitability for Shopify care of operating leverage.' Given that Shopify has been pushing aggressively into AI for months—the company will not hire new people without first asking if the job for which they are intended can be done by AI instead—it is clear that Shopify is going all in therein. Rattling the Conference Cage Business conferences are a fairly familiar part of life for many business figures, but Shopify—in a fashion ultimately true to its brand ethos—is shaking up the conference scene, using some unconventional tools to make its conferences more effective. Shopify took its Shopify Summit 2025 event to the Enercare Center in Toronto, and delivered a conference that had a lot more of a vacation to it than an actual conference. For instance, Shopify set up a 'vinyl-listening lounge,' as well as a 'hidden speakeasy.' With spaces set up like garages and shipping materials, Shopify strove to exemplify the ' builder-first culture ' while also providing space for connection and collaboration throughout its global employee base. Is Shopify Stock a Buy or Sell? Turning to Wall Street, analysts have a Moderate Buy consensus rating on TSE:SHOP stock based on 21 Buys and 10 Holds assigned in the past three months, as indicated by the graphic below. After a 103.53% rally in its share price over the past year, the average SHOP price target of C$160.81 per share implies 5.21% downside risk.
RTHK
6 days ago
- Sport
- RTHK
SAR shuttlers Tang and Tse bow out of Japan Open
SAR shuttlers Tang and Tse bow out of Japan Open Tse Ying-suet and Jordan Tang were beaten 22-20, 14-21, 14-21 in the quarter-finals at the Japan Open. File photo: RTHK Hong Kong, China, shuttlers Jordan Tang and Tse Ying-suet saw their run at the Japan Open in Tokyo come to an end on Friday, after the pair were defeated by their fifth-seeded opponents from Thailand in three games. The SAR duo drew first blood after a tightly-contested opening game against Dechapol Puavaranukroh and Supissara Paewsampran, which they won 22-20. But the tables quickly turned when the Thais bounced back to claim game two 21-14, setting up a decisive third game. After jumping to an early lead, the SAR duo ran out of gas with the score level at 12, going on to concede seven points in a row before losing 14-21. Tang and Tse were vying for their second title of the year, having clinched gold at the Asia Championships in Ningbo in April. The pair booked their spot in the quarters with a dominant straight games win over Indonesia's Rehan Naufal Kusharjanto and Gloria Emanuelle Widjaja on Thursday.
RTHK
17-07-2025
- Sport
- RTHK
Tang, Tse advance at Japan Badminton Open, but Ng out
Tang, Tse advance at Japan Badminton Open, but Ng out Tang and Tse are looking for their second title of the year, having clinched gold at the Asia Championships in Ningbo in April. File photo: RTHK Hong Kong badminton stars Jordan Tang and Tse Ying-suet on Thursday continued their winning ways at the Japan Open in Tokyo, while fellow SAR shuttler Angus Ng crashed out. Tang and Tse were off to a strong start against Indonesia's Rehan Naufal Kusharjanto and Gloria Emanuelle Widjaja, winning the first game 21-17. It was a nail-biting affair in game two, with Tang and Tse once down 9-13 before drawing level. Both sides then exchanged leads before the SAR pair closed out the 45-minute match by scoring three consecutive points to win 21-19. Their victory sets up a quarter-final showdown with Thailand's fifth-seeded pair of Dechapol Puavaranukroh and Supissara Paewsampran in the quarter-final. Fellow SAR athlete Angus Ng, on the other hand, crashed out of the men's singles campaign after losing to China's world number three Shi Yuqi in the last 16. Shi was in control early on, winning the opening game 21-16, but Ng found his rhythm to take game two 21-18. Leading 16-14 in the decider, the 31-year-old Hong Kong star ran out of gas and conceded seven consecutive points to bow out in one hour and seven minutes.
Business Times
16-07-2025
- Business
- Business Times
European asset manager Amundi, Endowus launch low-cost index fund tracking STI
[SINGAPORE] European asset manager Amundi and wealth adviser and investment platform Endowus on Wednesday (Jul 16) launched the Amundi Singapore Straits Times Index (STI) Fund. This marks the first unit-trust-based index fund tracking the STI by a global asset manager in Singapore. It will be available exclusively on the Endowus platform, at an all-in-one fee under an institutional share class. However, retail investors can also buy into the fund, according to Endowus. 'With no sales charges and low management fees, the fund offers another option for investors seeking growth with relatively lowered volatility compared to usual equity markets in their wealth journey,' noted the statement. The Amundi Singapore STI fund has a total expense ratio of 0.15 per cent, to further expand the low-cost indexing investment solutions available for STI investors, said Albert Tse, CEO Amundi South Asia. The fund does not incur additional trading costs, brokerage fees and exchange-traded expenses, Tse added. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up It aims to replicate the performance of the STI, which is driven by Singapore's banking, real estate, telecommunications and industrial sectors. In 2024, the STI delivered total returns of 24.3 per cent, achieving its best performance in a decade, both Amundi and Endowus noted. The index maintained an average dividend yield of around 3.8 per cent over the 18-year period from January 2008 to June this year, with yields generally between 3 and 5 per cent. This positions the fund as an option for investors seeking stable income or defensiveness, while maintaining exposure to the long-term growth potential of Singapore's economy, they noted. Other ETFs on the Singapore Exchange which track the STI include the Nikko AM Singapore STI ETF managed by Nikko Asset Management Asia, and the SPDR STI ETF managed by State Street Global Advisors Singapore. The launch of the Amundi Singapore STI Fund also aligns with broader efforts by the Monetary Authority of Singapore to strengthen the local equities market. It is designed to complement various policy initiatives and incentives by attracting additional capital to benefit local enterprises, the release said. Albert Tse, chief executive of Amundi South Asia, said: 'We are proud to be the first global asset manager since the global financial crisis to launch a fund of this nature, leveraging our longstanding expertise in indexing solutions and trusted partnership with a home-grown financial platform like Endowus to deliver this to Singapore investors for SG60.' Wong Wei Kong, editor-in-chief of the English, Malay and Tamil Media Group at SPH Media, said: 'We're delighted that the Straits Times Index will be the benchmark for Amundi's innovative new fund. As the STI looks forward to being 60 next year, it is truly an integral part of the nation's economic, business and market development.'
