The customs of China's Hong Kong Special Administrative Region displays the drugs at a news conference on April 27, 2019. [Photo/chinanews.com] HONG KONG -- A total of 250 kilograms of suspected cocaine was seized Thursday in Hong Kong's Kowloon City District, a record in-town seizure of drugs, and two men were arrested. The announcement was made Saturday by the customs of China's Hong Kong Special Administrative Region (HKSAR). According to the customs, the drugs were found in two flats and a hotel in Kowloon City District on Thursday. Two men believed to be core members of a transnational drug-trafficking syndicate were arrested. Customs officers said the men tried to evade authorities by passing themselves off as high-end tourists and using brand suitcases to transport the drugs. An investigation was underway. Under HKSAR's Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offense. The maximum penalty upon conviction is a fine of 5 million Hong Kong dollars ($637,569) and life imprisonment. custom goyard bracelet
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Taipei 101 [Photo/IC] TAIPEI -- The Chung-Hua Institution for Economic Research (CIER), a Taiwan think-tank, on Wednesday cut its forecast for the island's economic growth rate in 2019 to 2.15 percent from the 2.18 percent projected in December. The cut in economic growth forecast was due to a more-than-expected slowdown amid trade disputes between major economies and fluctuations in raw materials prices, the CIER said. The economic growth is forecast to be below 2 percent in the first half but to pick up to exceed 2 percent in the second half amid stronger support from domestic demand, said CIER president Chen Shi-kuan. According to the CIER's latest forecast, Taiwan's economy is expected to reach 1.75 percent in the first quarter, 1.9 percent in the second quarter, 2.31 percent in the third quarter and 2.61 percent in the fourth quarter. Earlier in March, Taiwan's monetary authority also lowered the GDP forecast for 2019 by 0.2 percentage points to 2.13 percent from its previous projection in December 2018, citing lower domestic demand, trade conflicts and restructuring of global supply chains.
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