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Category: BUSINESS

Posted on 10/08/2023

Silencing retailers? Hong Kong environmental authorities’ proposed ban on loudspeakers has hawkers worried

Retailers competing for business turn up volume to attract customers and cause noise pollution, environment protection officer says Proposed ban would not cover news on outdoor screens, food trucks ...

Posted on 10/08/2023

Hong Kong tutoring company Brilliant Education sued for HK$1.88 million over unpaid rent at branch, as financial woes mount

Link Properties accuses tutoring centre chain Brilliant Education of defaulting on rent and surcharge payments for up to six months at its Ho Man Tin branch Private tutoring company abruptly closed ...

Posted on 10/08/2023

Hong Kong’s retail sector revive: top landlords see positive signs from shop tenants, while office market lags

Swire Properties says retail sales at some shopping centres are back at pre-pandemic levels, while Hysan Development reports rising tenant revenue However, the office market is lagging as high vacancy ...

Posted on 10/08/2023

‘No price war’: Hong Kong developers brush aside fears of a property crash

Developer dismisses claims of price war as experts say seven-year-low prices for Kowloon flats are not a dire omen for the market.

Posted on 10/08/2023

Hong Kong MTR Corp’s recurrent business rebounds with rail giant posting HK$2.4 billion in profits, despite net falling 11.7 per cent to HK$4.2 billion

CEO Jacob Kam says corporation is cautiously optimistic about its business outlook He says domestic and cross-boundary rail services have reached 90 per cent of the pre-pandemic levels Hong Kong's MTR ...

Posted on 10/08/2023

Congress should summon HSBC executives over support for Hong Kong repression

The House Select Committee on the Chinese Communist Party should ask HSBC executives to testify over their support for China's repression in Hong Kong.

Posted on 10/08/2023

Earnings for Hong Kong’s Cathay Pacific soar to HK$4.3 billion in first half of 2023, with share buy-back from government on horizon

Hong Kong’s Cathay Pacific Airways has reported a net profit of HK$4.26 billion (US$546 million) for the first half of 2023, its first in three years as the carrier shrugs off the impact of the ...

Posted on 09/08/2023

EDBI-Backed Wealth Management Startup Raises $35 Million To Expand In Hong Kong

Singapore-based wealth management startup Endowus – backed by the city-state’s global investor EDBI – announced Wednesday it raised $35 million in a funding round joined by new investors Citi Ventures ...

Posted on 09/08/2023

The world’s biggest law firm is splitting off its business in China

Dentons, the world’s biggest law firm by number of employees, is distancing itself from its business in China in response to intensifying regulation in the country.

Posted on 09/08/2023

Cathay Pacific posts $550 mln first-half profit, to repay Hong Kong government

Hong Kong's Cathay Pacific Airways reported on Wednesday a profit of HK$4.3 billion ($550.23 million) for the first half of 2023, its best interim results in more than a decade and a turnaround from ...

Posted on 09/08/2023

Cathay Pacific Posts $550 Million First-Half Profit, to Repay Hong Kong Government

HONG KONG (Reuters) - Hong Kong's Cathay Pacific Airways reported on Wednesday a profit of HK$4.3 billion ($550.23 million) for the first half of 2023, its best interim results in more than a decade ...

Posted on 09/08/2023

Hong Kong’s business, labour sectors welcome government bid to amend worker protection rule to prevent employers from exploiting loophole

Employers have taken advantage of loopholes in '418' regulation, lawmaker Chau Siu-chung says Under the rule, those working for same employer for four consecutive weeks or more for at least 18 hours ...

Posted on 09/08/2023

Hong Kong to offer perks for taxi drivers and shuttle buses to pick up tourists from Kai Tak Cruise Terminal

Royal Caribbean’s Spectrum of the Seas returned to Hong Kong on August 4 for first time since 18-month break forced by coronavirus crisis.

Posted on 08/08/2023

Hong Kong’s business, labour sectors welcome government bid to amend worker protection rule exploited by employers

Employers have taken advantage of loopholes in '418' regulation, lawmaker Chau Siu-chung says Under the rule, those working for same employer for four consecutive weeks or more for at least 18 hours ...

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