Category: BUSINESS

Executives interviewed by McKinsey were pinning their hopes for a turnaround ... The consultancy estimated luxury goods sales in Hong Kong fell 15 per cent for the full year 2016. The drop can be partly explained by Hong Kong’s US-dollar linked currency ... ( read original story ...)

The Hong Kong Dollar gained against its US counterpart on Thursday after the release of data suggesting the first expansion in the territory’s private-sector business activity for nearly two years. The Nikkei Hong Kong Purchasing Managers’ Index rose ... ( read original story ...)

The territory’s economy, dominated by finance, was slow to embrace the startup crowd. But funding today is soaring. And initiatives like Alibaba’s $130 million Hong Kong Investment Program are enticing more young professionals into the entrepreneurial ... ( read original story ...)

Flights will be on an Airbus A330 aircraft with 283 seats. Hong Kong Airlines said prices for round-trip return tickets start at $634 for economy and $2,767 for business, before fuel surcharges, taxes and other charges which were not specified. Economy ... ( read original story ...)

Hong Kong prides itself on being up to date with the latest technology, and the ­government likes to call it a “smart city”, but to really embrace that concept, many believe ­Hongkongers must abandon the idea that cash is king and join the global ... ( read original story ...)

Hong Kong start-up Ampd Energy hopes to make diesel generators obsolete with its battery-powered energy storage system, especially in countries like Indonesia and India which often suffer power failures. The Ampd Silo, which runs on lithium-ion batteries ... ( read original story ...)

National carrier Kenya Airways has signed a codeshare agreement with Hong Kong Airlines increasing its frequency between Nairobi and Hong Kong to daily flights with an eye on the growing trade between the two cities. KQ, as the carrier is known by its ... ( read original story ...)

Hong Kong’s private sector is pulling out of recession, with the December PMI recording above the neutral 50.0 level. However, the improvement was not driven by expansions in output and new orders. Instead, a surge in the preproduction stock levels ... ( read original story ...)

Those in Hong Kong’s private sector finally have a reason to smile, with a key market indicator showing growth in December after 21 months of decline, though the improvement was not due to a surge in output or new business, but to other contributing factors. ( read original story ...)

The festival will showcase Hong Kong’s vibrant start-up ecosystem with the help of a range of event organisers, local and international firms, and private and public sector support. Click here for festival details. ( read original story ...)

Many market players support the proposal that Hong Kong launch a new board to attract more technology firms from the Chinese mainland and overseas but have mixed views on how to set rules for this new market. The need for a new market came to light after ... ( read original story ...)

The number of technology start-ups in Hong Kong increased 24 per cent last year, a government survey found, as more young people embraced entrepreneurship. InvestHK said the number of start-ups rose from 1,558 in 2015 to 1,926 in 2016, with local ownership ... ( read original story ...)

Jan 3 Hong Kong stocks advanced on the year's first trading day on ... Investor confidence was lifted after a private business survey showing China's factory activity picked up more than expected in December as demand accelerated. But gains in the city ... ( read original story ...)

Postal Savings Bank of China Chairman Li Guohua poses during the listing of the bank, the world's biggest initial public offering in two years, at the Hong Kong Stock Exchange in Hong Kong, China. Reuters/Bobby Yip Hong Kong will continue to rank top ... ( read original story ...)