South Korea halts loudspeaker broadcasts along border with rival North Korea
FILE - A South Korean military vehicle with loudspeakers is seen in front of the barbed-wire fence in Paju, near the border with North Korea, on Feb. 15, 2018.(AP Photo/Ahn Young-joon, File)
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South China Morning Post
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Hong Kong passes bill to launch electronic driving licences in September
Hong Kong will introduce electronic driving licences in mid-September following the passage of a bill by the legislature, but lawmakers have questioned the need to spend HK$12.5 million (US$1.59 million) to fund a related mobile application. Some legislators also urged authorities to take a flexible approach to enforcement, especially in cases in which drivers had trouble displaying their documents on smartphones, thereby giving them time to adapt to the new system. The legislative amendment, passed by lawmakers on Thursday, allows authorities to implement an electronic licence system in which motorists can display or access their documents through a new smartphone application. Motorists will still be able to use their existing paper licences. Secretary for Transport and Logistics Mable Chan said that the new measure would come into effect in mid-September. 'With the tight timing, the Transport Department will conduct extensive promotion to the public, especially for driving licence holders,' she said. While most lawmakers supported the measure, many questioned the need for another mobile application to display licences, pointing to the government's numerous existing transport-related apps.
The Standard
2 days ago
- The Standard
South Korea halts loudspeaker broadcasts along border with rival North Korea
FILE - A South Korean military vehicle with loudspeakers is seen in front of the barbed-wire fence in Paju, near the border with North Korea, on Feb. 15, 2018.(AP Photo/Ahn Young-joon, File)
South China Morning Post
2 days ago
- South China Morning Post
Under Beijing's thumb, BYD and other carmakers pledge to speed up payments to suppliers
More than a dozen Chinese carmakers, including BYD , pledged to cut payment cycles to suppliers to 60 days from as long as a year after Beijing moved to police the nation's auto market, which has been engaged in a bruising price war. Advertisement On Tuesday evening, the 14 companies – including state-owned FAW and GAC Group – said the move came as a result of recent regulatory guidance on the sustainable development of China's automotive sector. On paper, carmakers delay payments so they can use those funds to wage a price war, creating a hidden and interest-free debt. But for suppliers of components – from batteries for electric vehicles (EVs) to car seats – longer payment cycles can cause cash flow problems. 'The concerted action by the leading carmakers represents the first step that Chinese authorities [have taken] to regulate the automotive industry,' said Chen Jinzhu, CEO of consultancy Shanghai Mingliang Auto Service. 'Automotive companies will eventually refrain from offering steep discounts as government agencies tighten oversight of their sales strategies.' On May 31, the Ministry of Industry and Information Technology said authorities would punish carmakers that unreasonably slashed vehicle prices to vie for market share, though it did not detail the measures that Beijing would take. Advertisement Prolonged payment cycles are seen by analysts and industry officials as an irregularity in China's auto industry. Carmakers often force their suppliers to accept delayed payments in exchange for big orders. According to data from Bloomberg, Shenzhen-based BYD took 275 days to pay its suppliers in 2023, up from 219 in 2022 and 198 in 2021. Data for 2024 was not available.
