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Month: April 2024

Posted on 26/04/2024

Hong Kong transport authorities cut estimated cost of controversial T4 road by 5% to HK$6.81 billion after questions raised over price tag

Transport and Logistics Bureau submits revised funding request over Trunk Road T4 to the legislature's Finance Committee Bureau abruptly withdrew original request for HK$7.16 billion more than a month ...

Posted on 26/04/2024

Wall Street’s Patience for a Costly A.I. Arms Race Is Waning

A sell-off in Meta’s stock after the company disclosed huge investments in the technology may be a sign of investor fears about tech giants’ spending.

Posted on 26/04/2024

11 years after Rana Plaza: From unsafe industry to green revolution

After one of the worst industrial accidents on record, the multi-billion-dollar ready-made garment (RMG) industry took a good hard look at itself and has implemented commendable changes in the past ...

Posted on 26/04/2024

Battle for ‘tech luxury’ in China as EVs get smarter – and cheaper

The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.

Posted on 26/04/2024

Ant Group beefs up customer base for Hong Kong merchants by adding 14 foreign mobile payment apps to its network

Overseas travellers from nine countries can make payments in Hong Kong using their mobile payment apps after Ant Group expanded its digital payment network via partnerships.

Posted on 26/04/2024

Modern Hong Kong cafe is perfect blend of East meets West

The chef hopes to help put Quincy’s culinary scene on the map, in a community that means so much to him and his family.

Posted on 26/04/2024

Alipay+ Enables Digital Payment of 14 Overseas E-wallets from 9 Countries and Regions in Hong Kong to Support City’s Global Travel Drive

Users of 14 popular overseas e-wallets from 9 countries and regions can now make payments in Hong Kong using their home apps through Alipay+, a suite of cross-border mobile payment and digitalization ...

Posted on 26/04/2024

Hong Kong hit by 10 red tides as heavy rain lashes city over past week

Red tides are areas of seawater discoloured by large concentrations of microorganisms that may deplete levels of dissolved oxygen.

Posted on 26/04/2024

To become an AI hub, Hong Kong should start by preparing workers

Hong Kong is committing billions to developing AI. But for the city to realise its ambitions, employers must do more to train workers and assuage concerns about safe use and job security.

Posted on 26/04/2024

InnoEX cements Hong Kong’s status as an I&T hub

HONG KONG SAR - Newswire - 26 April 2024 - The second edition of InnoEX, the region's premier I&T event, wrapped up successfully at the ...

Posted on 26/04/2024

Hong Kong to sign 20 cooperation documents with Shanghai to boost ties in digital economy, finance, among other fields

City leader John Lee says two cities have reached consensus on 65 projects spanning 15 sectors, including innovation, technology and industrial development Shanghai mayor Gong Zheng says strengthening ...

Posted on 26/04/2024

Korea’s top finance firms put aside W1.7tr for Hong Kong-tied ELS compensation

KB, Shinhan, Hana, Woori and NongHhyup -- have set aside a total of nearly 1.7 trillion won ($1.2 billion) in reserve for the compensation of losses related to the misselling of equity-linked ...

Posted on 26/04/2024

HSBC’s Private Bank Shuts IAM Business in HK, Singapore

HSBC Holdings Plc’s private bank has discontinued its independent asset management business in Hong Kong and Singapore following a strategic business review, a bank spokesperson said.

Posted on 26/04/2024

Chinese Financial Services Shares Gain on Consolidation Hopes

Shares of several Chinese financial services companies traded higher Friday on expectations that the sector may see consolidation after state-run Guolian Securities announced its intention to buy ...

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