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Month: January 2024

Posted on 14/01/2024

Hong Kong welcomed 34 million visitors in 2023, figure for December reached 65% of pre-pandemic levels

Dane Cheng, executive director of Tourism Board, reveals number of visitors in 2023 surpassed original forecast of 30 million.

Posted on 13/01/2024

Costco crowds decrease, but Hong Kong shoppers still keen to snap up cut-price food, sets of luggage at new mainland China store

Post identifies cut-price foodstuffs as among the most sought-after buys at the new Shenzhen Costco bulk sales store.

Posted on 13/01/2024

As Hong Kong shoppers flock to Shenzhen’s megastores for bulk-buy bargains, can city retailers fight back?

Costco Wholesale’s new store, which opened in Shenzhen’s Longhua district on Friday, fuelled Hongkongers’ bulk buying frenzy, with Google online searches for it outstripping those for Sam’s Club last ...

Posted on 13/01/2024

Hong Kong to sell smaller plots of land to boost sales amid slow economy, development chief says

Development minister Bernadette Linn says past experience suggests developers more interested in smaller plots of land during economic downturn Linn says another way to boost interest is to provide ...

Posted on 13/01/2024

Age is just a dance number: couples at Hong Kong’s Asian Senior DanceSport Championship staying healthy, connected

Seniors in Hong Kong are proving that age is just a number when it comes to competitive dancing. Many dance partners in their 40s, 50s and 60s regularly join competitions hosted by the DanceSport ...

Posted on 13/01/2024

Your Voice: Hong Kong needs to adopt waste reduction; Japan Airlines’ efficiency must be lauded (short letters)

One reader writes to us about how Hong Kong’s solid waste charging scheme can transform the city into a greener and cleaner metropolis.

Posted on 13/01/2024

Why is it so tough to be a Hong Kong university president? The politics of the city will trap them, analysts warn

Analysts and academics say it’s ‘inevitable’ for university chiefs to become embroiled in politics in Hong Kong and point to lack of trust between authorities and institutions

Posted on 13/01/2024

The Chinese shadow over Taiwan’s election

How are presidential candidates in Taiwan responding to the ongoing threat of invasion from China? Amy Hawkins reports

Posted on 13/01/2024

Hong Kong researchers find ketamine use rose during Covid-19 restrictions, despite drop in consumption of other drugs

Researchers from the University of Hong Kong’s (HKU) department of emergency medicine also warned that the use of hallucinogenic ketamine rose, despite a drop in the use of other drugs during ...

Posted on 13/01/2024

Lianlian applies to revive its Hong Kong IPO as Ant Group’s rival takes a second stab at raising funds

Hong Kong, the world’s top IPO destination in seven of the past 15 years, fell to 8th place last year, a miserable year at a two-decade trough, as 68 companies raised US$5.9 billion, according to ...

Posted on 13/01/2024

US sanctions Hong Kong, UAE firms over ‘financial support’ to Houthi rebels

of the US Treasury Department on Friday sanctioned two shiiping companies based in Hong Kong and the United Arab Emirates for providing financial support to the Yemen-backed group. According to a ...

Posted on 13/01/2024

Bank of East Asia targets wealth management and fintech in Greater Bay Area from newly opened Qianhai tower

The 18-storey BEA Tower, built at a cost of US$196 million, houses the bank’s Qianhai branch, innovation centre and data lab. The 105-year-old lender is targeting wealth management and fintech in the ...

Posted on 13/01/2024

Weak demand, tighter lenders: HK property developers face tough 2024

Hong Kong’s property companies face a squeeze in 2024 from rising funding costs and sluggish home sales and office rentals, making creditors and investors cautious about developers’ financial health.

Posted on 13/01/2024

US sanctions Hong Kong and UAE firms over Houthi support

The move comes hours after US and UK forces launched strikes against the rebels in Yemen, seeking to halt their repeated attacks on shipping in the Red Sea.

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