Observatory Issues Standby Signal Number 1
"); jQuery("#212 h3").html("

"); });
2020-08-18 HKT 04:20
The Observatory on Tuesday morning issued the standby typhoon signal number one at 3.40 am.
At 4 am, the tropical depression was estimated to be about 520 kilometres east-southeast of Hong Kong (near 19.8 degrees north 118.4 degrees east).
It is forecast to move west-northwest at about 28 kilometres per hour across the northern part of the South China Sea towards the vicinity of the coast of western Guangdong to Hainan Island.
A statement on the Observatory's website said that according to the current forecast track, the tropical depression will skirt within about 200 kilometres to the southwest of Hong Kong on Tuesday night and Wednesday morning.
Local winds are expected to strengthen gradually later on Tuesday, and seas will be rough with swells.
The Observatory said it would consider issuing the Strong Wind Signal No 3 on Tuesday afternoon or evening.
HKMA Warns Of Fake Stablecoins As Licensed Issuers Have Yet To Launch Tokens
The Hong Kong Monetary Authority (HKMA) has warned the public about fake stablecoins in Hong Kong, specifically flaggin... Read more
Tazapay Secures Money Service Operator License In Hong Kong
Singapore-based cross-border payments company Tazapay has secured a Money Service Operator (MSO) license in Hong Kong. ... Read more
Livi Bank Posts First Full-Year Profit In 2025 As Loans Rise 49%
Hong Kong digital bank livi bank reported a full-year profit of HK$21 million for 2025. For the year, total operating i... Read more
FWD Group Reports US$720M In New Business Sales As Expansion Continues
FWD Group reported a 4% year-on-year increase in new business sales to US$720 million for the first quarter of 2026, dr... Read more
WeLab Bank 2025 Revenue Hits HK$942M After Securing First-Half Profitability
WeLab Bank achieved profitability in the first half of 2025 and reported a 35% year-on-year revenue increase to HK$942 ... Read more
Ripple And Kbank Roll Out Institutional Digital Asset Wallet In South Korea
Ripple has partnered with Kbank to deploy an institutional digital asset wallet in Korea, equipping the internet bank w... Read more
