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Category: BUSINESS

Posted on 09/05/2023

Jobless Hong Kong man linked to HK$3.5 billion money-laundering ring among 8 arrested in second-largest customs case ever

Main suspect, 38, who is unemployed and lives in a public flat, thought to be the mastermind behind crime syndicate Funds believed to be processed through 11 bank accounts of nine shell companies set ...

Posted on 09/05/2023

HKeToll: smooth start on first working day for Hong Kong’s new automatic payment system, fewer motorists hesitating at closed booths

Hong Kong’s new automatic toll system at the Tsing Sha Control Area got off to a smooth start on the first working day of operations on Monday morning, with fewer motorists seen hesitating before ...

Posted on 08/05/2023

Most Japanese firms in Hong Kong keen on expanding operations to regions covered by world’s largest free-trade pact, survey finds

Although Hong Kong is not yet a member of the Regional Comprehensive Economic Partnership, the city is still a premier platform for trade pact, Japanese firms say City's core strength lies in its ...

Posted on 08/05/2023

Report Reveals Hidden Economic Burden of COVID-19 in Asia Pacific

Estimated indirect and direct costs in Australia, Hong Kong, Singapore, South Korea, and Taiwan suggest ongoing Gross Domestic Product (GDP) burdens of between 0.6% to 1.6% with the potential to ...

Posted on 07/05/2023

Hong Kong-based femtech founder runs thriving start-up Luüna Naturals, fights to eradicate ‘period poverty’ across Asia

Olivia Cotes-James founded LuUna Naturals, one of Hong Kong's first, and biggest, femtech companies The company has worked with offices and schools to dispense free menstrual products to over 300,000 ...

Posted on 07/05/2023

Hong Kong readies itself for start of HKeToll

The government's new electronic auto-toll system, known as HKeToll, launches at 5 am on Sunday at the Tsing Sha Control Area, which is made up of ...

Posted on 07/05/2023

Media Experts: Reporting in Hong Kong Becoming Increasingly Difficult

Hong Kong registered a slight improvement in media freedom rankings out this week, though experts underscore the environment remains restrictive for journalism. In its annual World Press Freedom Index ...

Posted on 06/05/2023

Hong Kong’s MTR Corp plans to finish installing automatic platform screen gates on East Rail line in 2025

Project covers 13 stations, and involves a total of 35 platforms and almost 1,600 pairs of platform gates, MTR Corp says Installation expected to be completed by the end of 2025, with the contract ...

Posted on 06/05/2023

Hong Kong gears up for safe cross-border driving

Authorities in mainland China and the city are smoothing the way for a scheme to allow more private cars into the rest of Guangdong province Driving to mainland China is about to become much easier ...

Posted on 05/05/2023

Mega Startup IPO Faces Serious Trouble

Some in Congress are calling for the SEC to block this company from going public unless it takes a big action.

Posted on 05/05/2023

FedEx Plans to Move Asia Headquarters, Executives to Singapore From Hong Kong

FedEx Corp. is planning on moving its Asia-Pacific regional headquarters to Singapore from Hong Kong — another blow to the city’s image as an international business hub.

Posted on 05/05/2023

FedEx (FDX) to Shift Asia Base to Singapore From Hong Kong

FedEx Corp. is planning on moving its Asia-Pacific regional headquarters to Singapore from Hong Kong — another blow to the city’s image as an international business hub.

Posted on 04/05/2023

International Healthcare Week returns to showcase Hong Kong’s strengths in healthcare innovation and investment

The Business of Healthcare Advisory Zone will feature biotechnology and healthcare start-ups. Investors and industry experts ... organised by the HKTDC and co-organised by the Hong Kong Medical and ...

Posted on 04/05/2023

Hong Kong stocks jump from 1-week low as Fed hints at rate pause while mainland markets reopen to strong holiday data

Stocks climb from a one-week low as Hong Kong property developers advance on possible end to higher borrowing costs. Markets in the mainland strengthen as trading resumes after a three-day break.

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