'HK Electric Will Be Penalised For Voltage Dip'
"); jQuery("#212 h3").html("

"); });
2023-04-21 HKT 14:12
The chairman of the government's Energy Advisory Committee, Jimmy Kwok, on Friday said he expects HK Electric to be hit with a penalty for a voltage dip this week that caused traffic lights to malfunction and left some people stuck in lifts.
The firm has said the 45-minute outage in early hours of Wednesday was caused by a short circuit triggered by the accidental connection of a back-up cable during maintenance at an electrical station in Cyberport.
Kwok described the mishap as a "rookie mistake".
"I think the government will impose a penalty, but it will depend on the report submitted by HK Electric," he said.
"I think the company will be held responsible for the incident, and we have to see if there was sufficient supervision or not."
The government has told HK Electric to submit a detailed report within four weeks.
Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity
Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more
BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom
BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more
Webinar: When Account Takeover Moves Past Onboarding
Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more
JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson
JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more
Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term
The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more
Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal
Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more