Whampoa Gardens estate in Hung Hom. [PAUL YEUNG / BLOOMBERG] Hong Kong is a city of stark financial contrasts, being home to luxury-brand flagship outlets and also to three in 10 people living in public housing heavily subsidized by the government. Despite being helped financially, the cost of living weighs heavily on this group. According to the Census and Statistics Department, they paid rent of HK$1,500 ($191) on average in 2016, an increase of HK$190 on 2006. For 50 percent of the city's 7 million people living in private housing, their rent nearly doubled from HK$5,100 to HK$10,000 over the same period. The much lower rents for public housing residents have provided them with a crumb of comfort. In the 2014-15 financial year, spending on food took up HK$6,159, or 46 percent, of their monthly household expenditure, according to a survey carried out by the department every five years. Eating lunch in cha chaan tengs, or Hong Kong-style diners, costs HK$50 per person on average. A bottle of water in a convenience store costs more than HK$7, while a small bottle of cola costs about HK$9. Even cooking at home is not cheap for those with little money. According to a survey in 2016 by the Hong Kong Federation of Trade Unions, it cost HK$114 to make a single dinner such as fish or pork with vegetables. A pack of cigarettes in the city costs nearly HK$60 and a small bottle of imported beer HK$18. Those living in private housing spend more on food a month - HK$8,324 - but it only takes 23 percent of their monthly expenditure compared with those living in subsidized public housing. Tenants in public housing pay HK$1,049 a month on average on public transportation, while those in private accommodations spend HK$2,849 to get about. A train journey from Lo Wu on the border with the Chinese mainland to Central district on Hong Kong Island costs HK$49. Hailing a taxi costs HK$24 for the first kilometer and HK$8.50 for each ensuing kilometer. For drivers, 1 liter of gasoline costs HK$15.80 and the registration fee for a vehicle such as a new electric Volkswagen e-Golf can be as high as HK$199,480 - more than 60 percent of the retail price of HK$326,980. relationship bracelets
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SEOUL - The Democratic People's Republic of Korea (DPRK) was removing propaganda loudspeakers from the border area with South Korea in a bid to enforce the Panmunjom Declaration, announced after the inter-Korean summit last week, local media reported Tuesday citing the South Korean military. The Peace House, the venue for the inter-Korean summit on April 27, 2018, is pictured at the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, April 18, 2018. [Photo/Agencies] An unidentified South Korean military official was quoted by local media as saying moves were spotted earlier in the day pulling back loudspeakers from the frontline areas. The DPRK is reported to have operated about 40 fixed loudspeakers along the heavily fortified inter-Korean border to conduct psychological warfare against South Korea. South Korea's military, which had operated some 40 mobile and fixed loudspeakers, planned to remove them from 2 p.m. local time (0500 GMT). South Korea's anti-DPRK broadcast through the loudspeakers was already stopped on April 23 ahead of the summit between South Korean President Moon Jae-in and top DPRK leader Kim Jong Un on April 27. After the third-ever inter-Korean summit at the border village of Panmunjom, Moon and Kim signed and announced the Panmunjom Declaration. Under the declaration, the two leaders agreed to stop all hostile acts, including the propaganda broadcast and the distribution of leaflets, and remove tools for it in areas near the military demarcation line (MDL) dividing the Koreas since the end of the 1950-53 Korean War. They agreed to change the MDL into an actual peace zone.
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