Hong Kong, already the world’s least affordable urban centre ... America and western Europe combined in the two decades between 1992 and 2013, according to McKinsey Global Institute’s 2016 survey. The Chinese government will pump 1.8 trillion yuan ... ( read original story ...)
Hong Kong food trucks turn to local fare to boost business at some locations
One month after the city’s first batch of food trucks hit the roads, operators have expanded their menus to include traditional snacks such as fish balls and siu mai to boost business amid mixed fortunes. Among the eight locations the mobile eateries ... ( read original story ...)
Hong Kong is the costliest Asian city to build anything, survey says
Hong Kong, already the world’s least affordable urban centre ... America and western Europe combined in the two decades between 1992 and 2013, according to McKinsey Global Institute’s 2016 survey. The Chinese government will pump 1.8 trillion yuan ... ( read original story ...)
Hong Kong business conditions deteriorate slightly in February
Moreover there was a slower accumulation in pre-production stocks. Meanwhile, inflationary pressures receded for a third straight month, which led to lower prices charged by businesses. The seasonally adjusted headline Nikkei Hong Kong Purchasing Manager ... ( read original story ...)
Why Hong Kong’s container port may be in terminal decline, and what that would mean for a city that appears not to care
In a port city like Hong Kong, founded on trade, it’s been the cornerstone of the city’s growth. In February 1967, the Container Committee urged government and business to embrace the emerging trend for container shipping and support a purpose-built ... ( read original story ...)
China Unicom Global Launches “CUniq” MVNO Business in America
HONG KONG, March 4, 2017 /PRNewswire/ – On March 3, 2017, China Unicom Global Limited (“CUG“) launched “CUniq” mobile virtual network operator (“MVNO“) business in America, marking another milestone of CUG’s MVNO services development in ... ( read original story ...)
Bill Brooks: Chinese New Year Gala celebrates Year of the Rooster
Hosted by the Hong Kong-Canada Business Association (HKCBA), Calgary Section, highlights of the SRO gala were numerous indeed including: a champagne reception, courtesy of Stikeman Elliott; a sumptuous 10-course meal; remarks from myriad politicians and ... ( read original story ...)
Hong Kong tourism board allocates 70pc of budget to overseas markets
Hong Kong is putting more resources into expanding tourism from overseas, with 76 per cent of the city’s 2017 marketing budget allocated to attracting more international visitors, according to the city’s tourism promotion body. The Hong Kong Tourism ... ( read original story ...)
Hong Kong PMI reflects weak business in February
HONG KONG--The Nikkei Hong Kong Purchasing Managers Index fell to 49.6 in February from 49.9 in January, showing the city's business conditions deteriorated last month amid weaker client demand and cloudy outlook, index compiler IHS Markit said Friday. ( read original story ...)
UPDATE 1-Hong Kong Jan retail sales slip as strong HK$ hurts business
HONG KONG, March 2 Hong Kong's retail sales fell for the 23rd straight month in January, with a strong local dollar hurting tourism and business activity although the drop narrowed against the previous month. Retail sales slid 0.9 percent from a year ... ( read original story ...)
Hong Kong home prices surge to all time high in January
Home prices in Hong Kong, the least affordable city in the world, hit another all time high in January, government data showed on Tuesday. The home price index in January rose 0.62 per cent to 309 from 307.1 in December, extending a 10 month-rise ... ( read original story ...)
Hong Kong developer sees 57pc profit rise as sales soar
Sun Hung Kai Properties Ltd, Hong Kong's largest developer by market value, said half-year underlying earnings rose 57pc, as sales benefited from a surging home market. Profit excluding property revaluations climbed to HK$14.6bn (€1.78bn) in the six ... ( read original story ...)
Tokyo overtakes Hong Kong to become most expensive business travel location
Tokyo becomes the most expensive location in the Asia-Pacific region for business travel in 2016, while Hong Kong has fallen to the second place, a survey from consulting firm ECA International showed. The London-based company released its latest Daily ... ( read original story ...)
SDEV promotes closer bilateral business ties in Indonesia (with photos)
Mr Ma is leading a Hong Kong delegation to visit Phnom Penh in Cambodia and Jakarta in Indonesia to promote the development of professional services and business co-operation between Hong Kong and the two places. The delegation left Cambodia and arrived in ... ( read original story ...)