Category: BUSINESS

With Moscow five hours behind Hong Kong, this year’s matches kick off between 6pm and 3am, meaning less disruption during office business hours than was the case four years ago. In Causeway Bay, Philip Wong, manager of Zerve Bar & Billiards, said ... ( read original story ...)

Hong Kong tycoon Victor Li has bought a London office tower for 1 billion pounds ($1.3 billion) as he expands his overseas portfolio after taking over the business empire of his billionaire father Li Ka-shing. Property company British Land and a ... ( read original story ...)

Hong Kong’s legislature on Thursday night finally passed a bitterly ... Chan said the co-location arrangement would provide young Hongkongers with opportunities for business and development. “I hope lawmakers can experience the express rail and co ... ( read original story ...)

The Hong Kong Monetary Authority (HKMA) raised the base rate charged through its overnight discount window by 25 basis points on Thursday to 2.25 percent after the U.S Federal Reserve raised interest rates by a quarter of a percentage point. Hong Kong ... ( read original story ...)

Hong Kong’s monetary authority raised the city’s base lending rate for the second time this year, in lockstep with an overnight move by the US Federal Reserve to maintain stability in the local currency, as the ever-rising cost of money trend becomes ... ( read original story ...)

The bank should also not incur additional non-bank credit exposures. The bank currently has only one overseas branch with a dealing room in Hong Kong. The business of the branch decreased by nearly 9 per cent to ₹12,871 crore as on March 31, 2018, ... ( read original story ...)

Hong Kong Exchanges and Clearing Limited (HKEX) has raised the salary of its chief executive by 3.5 per cent as it renews his contract for three more years, rewarding him for leading the 2017 overhaul in listing rules that could return the world’s fourth ... ( read original story ...)

Robotic process automation is an emerging form of digital labour powered by software robots or artificial intelligence, which mimic human actions relating to a wide variety of business transactions. Hope said that Hong Kong’s economy could potentially ... ( read original story ...)

State-owned Punjab National Bank (PNB) on Wednesday said the Hong Kong Monetary Authority (HKMA) has enhanced supervision of its Hong Kong branch and has asked it "not to proactively solicit customer deposits". "...In view of the capital position of the ... ( read original story ...)

Divyesh Gandhi, director in Anuragen, one of the Hong Kong-based dummy companies ... so that he could pay off previous ones and use the remaining money for his business activity. He convinced bank officials by showing bogus papers of import-export business ... ( read original story ...)

The bank's latest annual report said its Hong Kong branch had earned operating profit of Rs. 905 million and net profit of Rs 448.6 million in the financial year 2017-18. In the last fiscal, the bank's international business stood at Rs 128.71 billion and ... ( read original story ...)

sustainable practices and certification standards would give consumers confidence in their products and effectively communicate standards of industry leaders to business partners. However, Hong Kong’s sustainability efforts were seen lagging behind in ... ( read original story ...)

Hong Kong’s prisons are once again a hive of cigarette-fueled gambling activity as the hours count down to the start of the 2018 FIFA World Cup. As police forces across the Asia-Pacific region brace for this month’s expected onslaught of illegal ... ( read original story ...)

When Stephen Liu Sai-wang set up online consumer finance firm VCredit a dozen years ago, he wondered whether his “follow the rules” Hong Kong approach to business would allow him to prosper in mainland China’s breakneck, anything-goes environment for ... ( read original story ...)