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Category: BUSINESS

Posted on 03/03/2024

Hong Kong ‘to press ahead with studies for artificial islands mega project this year’, despite plans to delay launch by up to 3 years

Development chief Bernadette Linn also says Lantau Tomorrow Vision reclamation works delay will not upset wider strategy to provide 410,000 homes over next 10 years Government aims to start works for ...

Posted on 03/03/2024

Hong Kong Earthshot Prize winner GRST targets golf carts, boats and motorcycles for its eco-friendly lithium-ion batteries

GRST is in talks with many potential clients to deploy its eco-friendly batteries in a range of electrical applications, COO Karen Ng says The start-up is expected to complete doubling its annual ...

Posted on 03/03/2024

Hong Kong financial secretary’s hands were tied – but he got at least one thing right

With many negative factors weighing on the economy, Financial Secretary Paul Chan had little wiggle room The scrapping of property market cooling measures was a good move given the knock-on effect on ...

Posted on 03/03/2024

Hong Kong is seeing growing internet censorship, and some American companies are using burner phones when visiting, says a top US diplomat

The American diplomat’s criticism comes as Hong Kong tries to bolster its position as an international business center and attract tourists to boost its flagging economy. The city’s global reputation ...

Posted on 03/03/2024

How Hong Kong can rescue the struggling recycling industry and win its war on plastic waste

Hong Kong’s recycling pace lags that in Europe and the US, but government intervention could help transform the landscape as growing landfills contaminate the soil.

Posted on 02/03/2024

120 workers axed after sudden collapse of Hong Kong contractor as officials scramble to contain any knock-on effect at related firms

Labour Department has set up a helpline for about 120 employees of prominent contractor Fung Cheung Kee, welfare chief Chris Sun says Authorities working with unions to find out if more subcontractors ...

Posted on 02/03/2024

5 nabbed at unlicensed Hong Kong eatery suspected of serving dog, cat meat

Five people were arrested on Feb 29 at an unlicensed eatery in Hong Kong that operated from a flat and was suspected to serve cat and dog meat. Some 35kg of frozen meat was confiscated in a ...

Posted on 02/03/2024

Hong Kong’s Billionaire Cheng Family Offloads Shopping Mall For $513 Million

New World Development sold a shopping mall in Hong Kong for HK$4.02 billion as part of its ongoing efforts to sell non-core assets and allay investors’ concerns about its debt load.

Posted on 02/03/2024

Top US envoy in Hong Kong warns of creeping Internet curbs

“Hong Kong is starting to go down the slope of trying to take certain content off the Internet and blocking certain websites,” he told Bloomberg News on Thursday (Feb 29). “It is kind of a slippery ...

Posted on 02/03/2024

Hong Kong authorities accuse top US diplomat in city of ‘scaremongering’, say criticism of security law contradicts his remarks on improving ties

US in 'no position to point its finger' at other countries and regions for enacting national security laws, city government says US Consul General Gregory May earlier said crackdown on dissidents ...

Posted on 02/03/2024

JPMorgan picks HSBC, StanChart to run $500 bln custody business in Hong Kong, Taiwan

JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than $500 billion, a spokesperson for the U.S. bank said.

Posted on 02/03/2024

JPMorgan (JPM) Picks Firms for Hong Kong, Taiwan Custody Business

JPMorgan JPM has chosen HSBC Holdings plc HSBC and Standard Chartered PLC SCBFF to run its custody businesses in Hong Kong and Taiwan. The news was reported by Reuters. A spokesperson for JPM said ...

Posted on 02/03/2024

Hong Kong’s smart mobility push sparks fresh investment in green modes of transport including sky shuttles, hydrogen buses and robot trucks

"Under the Smart City Blueprint for Hong Kong 2.0 published in 2020, it is the government's ambition to embrace innovation and technology to build a world-renowned smart Hong Kong, characterised by a ...

Posted on 01/03/2024

New World sells its interest in D-Park mall in Tsuen Wan to rival Hong Kong developer Chinachem for US$510 million

New World Development (NWD) has agreed to dispose of its shopping centre and parking spaces in Tsuen Wan, selling them to rival Hong Kong property company Chinachem Group for HK$4.02 billion (US$510 ...

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