HKO Issues Amber Rainstorm, Warns Of Flood Risk
"); jQuery("#212 h3").html("
"); });
2021-07-25 HKT 01:14
Share this story
The Observatory has issued the Amber Rainstorm Warning Signal, which means it expects more than 30 millimetres of rain an hour in the SAR.
It warned of flooding in low lying and poorly drained areas, and warned members of the public who were likely to be affected to take the necessary precautions.
The Observatory said the heavy rain might also cause flash floods and warned the public to stay away from watercourses.
It said the downpour was particularly heavy in Sha Tin District and Lantau Island, where more than 70 millimetres of hourly rainfall had fallen or was expected to fall.
It said this could cause serious flooding.
______________________________
Last updated: 2021-07-25 HKT 02:30
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more