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Category: BUSINESS

Posted on 08/05/2024

Struggling Hong Kong bars hope lucky draw will provide shot in arm but Lan Kwai Fong’s Allan Zeman urges them to look beyond ‘desperate’ measures

Hong Kong Bar and Club Association chief hopes lucky draw launched on May 1 can increase business by 10 to 20 per cent Bar trade performed the worst out of the entire restaurant sector in the first ...

Posted on 07/05/2024

Forget past glories, Hong Kong must find relevance in a changing world

The economy is ageing, as is the city, which faces growing capacity constraints. Before, Hong Kong’s congestion and high costs of living and business might have seem justified by its geopolitical ...

Posted on 07/05/2024

Hong Kong stocks open flat after 10 days of gains

Hong Kong stocks were barely moved at the open of business on Tuesday morning as traders struggled to maintain momentum after 10 straight days of gains, even after another strong performance on Wall ...

Posted on 06/05/2024

Billionaire creates startup to revolutionize clean energy with space-based batteries — here’s how it would work

While lithium-ion batteries have become the norm for battery-electric vehicles, they are not ideal for long-term energy storage. Billionaire creates startup to revolutionize clean energy with ...

Posted on 06/05/2024

Hong Kong’s tourism industry still struggling to recover as Labour Day ‘golden week’ trips hit just two-thirds of pre-pandemic levels

Financial Secretary Paul Chan says government will continue to work hard to attract more tourists to city, despite apparent trend towards commuter visitors.

Posted on 06/05/2024

AI Startups are Now Reviving Loved Ones in Hong Kong, Allowing Relatives to Reconnect

Tech startups are now using AI to revive the dead, allowing relatives to converse with their late loved ones from beyond their lifetimes.

Posted on 06/05/2024

Mainland China shares book catch-up rally on stimulus hopes, Hong Kong edges lower

Chinese H-shares listed in Hong Kong fell 0.26% to 6,529.98, while the Hang Seng Index slipped 0.05% to 18,466.91. ** The smaller Shenzhen index was up 1.96%, the start-up board ChiNext Composite ...

Posted on 06/05/2024

Hong Kong Private Sector PMI Slips In April – S&P Global

The private sector in Hong Kong continued to expand in April, although at a slower pace, the latest survey from S&P Global revealed ...

Posted on 05/05/2024

Startup Spotlight: UAE-Based TranspRight Is Helping Create A More Sustainable Supply Chain Ecosystem In The Region

Through carbon emission tracking, TranspRight aims to optimize cargo deliveries in an inexpensive, efficient, and fast manner.

Posted on 05/05/2024

Climate reporting: ESG start-ups jump in to help SMEs calculate supply-chain emissions to meet tighter requirements

Many SMEs in the region have not started reporting on greenhouse-gas emissions, says Stacs co-founder Benjamin Soh Fintech company Stacs and ESG consulting firm Downundered are among those offering ...

Posted on 05/05/2024

Elon Musk’s AI Start-Up xAI Is Raising $6B To Challenge OpenAI

Elon Musk, the CEO of Tesla and X, is looking to raise to $6 billion for his xAI project as he looks to investors worldwide, including those in Hong Kong, ...

Posted on 05/05/2024

Hong Kong’s Kitec venue once hosted Mirror and transformed musical careers. So why is it closing down?

After 28 years, curtain comes down on Kowloon Bay International Trade and Exhibition Centre, which offered ideal venue for acts, including boy band Mirror, as they progressed grew from halls to city’s ...

Posted on 04/05/2024

Hong Kong labour chief Chris Sun defends new minimum wage formula, saying employers can afford it

Minister says mechanism will not affect city's competitiveness because composition of the formula both protects the vulnerable and ensures affordability Business sector had expressed concerns of an ...

Posted on 04/05/2024

Hong Kong styrofoam giant goes from making 10 million boxes a month to eco-friendly utensils amid plastics ban

Yee Wah Global says it hopes to transform situation into opportunity by investing in and researching alternative tableware.

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