Category: BUSINESS

Then, at the weekend, he took out a stick. Earlier, Zhang told a delegation of senior Hong Kong business representatives in Beijing that the “key mission” of the incoming administration of Carrie Lam Cheng Yuet-ngor was to focus on improving people’s ... ( read original story ...)

Uber Hong Kong, founded in mid-2014, has so far served one million passengers in the city using more than 30,000 drivers, with 80 per cent of them working as part-timers. It certainly represents a proven and commercialised business suitable for Hong Kong. ( read original story ...)

Moody's decision to cut its credit rating for Hong Kong soon after downgrading its China rating on worries about rising debt levels drew an objection Thursday from the business hub's financial chief. Financial Secretary Paul Chan said he strongly disagreed ... ( read original story ...)

Hong Kong police on Tuesday arrested 21 Uber drivers for illegal car-hiring as part of an ongoing clamp down against Uber Technologies Inc’s operations in the Asian financial city. The arrests marked the latest upset for the San Francisco-based ... ( read original story ...)

Cathay Pacific Airways said on Monday it’s laying off nearly 600 staff at its headquarters in its biggest round of firings in two decades as it faces rising competition from rival carriers and tough business conditions. The Hong Kong airline said it ... ( read original story ...)

Hong Kong airline Cathay Pacific Airways said Monday it's laying off nearly 600 staff at its headquarters as it faces rising competition from rival carriers and tough business conditions. The airline said it plans to axe about 190 managers, or a quarter of ... ( read original story ...)

“The smartphone is really the new branch for transactional needs, so it basically gives Citi a branch network in the millions,” claimed Angel Ng, Citibank’s country business manager, Hong Kong. “In terms of physical footprint, branches remain ... ( read original story ...)

Even though most employees in Singapore, Hong Kong, and Malaysia still have a high preference for good salary and benefits when looking for an employer, work-life balance is rapidly rising in importance to the point that it’s become the second most ... ( read original story ...)

But it was not until recently that the monopoly operator of Hong Kong's profitable metro system said it wanted to do business in Southeast Asia. With a third of its revenue coming from railway operations in Europe, Australia and mainland China, MTR is ... ( read original story ...)

I was approached by a gang of lawyers who despaired about the possibility of having to start business development in Kazakhstan or Uzbekistan. Where was the fertile valley of fees they hoped would originate in Hong Kong? I hate to represent the segment of ... ( read original story ...)

Hong Kong investors are emerging as the favourites to snap up a 50pc stake in London’s Walkie Talkie skyscraper, as rules governing the exporting of Chinese money tighten. Sources close to the sale of the building have suggested that it is likely to ... ( read original story ...)

HONG KONG—Death is inevitable but it doesn’t have to be bad ... Piyanuch Wattanasiritananwong and a friend came from Thailand, where they run a property business, after hearing about the show from a contact. “We want to know what opportunities ... ( read original story ...)

Prime Minister Bill English likes the view from the 73rd floor of a high-rise owned by Asia's richest man. The visit to the headquarters of CK Hutchison Holdings is the first stop on his two-day visit to Hong Kong, where he is delivering the message: New ... ( read original story ...)

My very first investment into a startup company was back in 2010. Sentiment had finally turned positive again after the global financial crisis and Facebook and Twitter were both on fire, approaching huge late stage pre-IPO valuations. I had to get involved. ( read original story ...)