Category: NEWS

Hong Kong’s bus drivers are being paid between 10 and 15 per cent less than they were 20 years ago, the city’s bus companies admitted on Tuesday. A city economist said that in real terms that actually equated to a 28 per cent cut in salary, a poor ... ( read original story ...)

(Bloomberg) -- Alibaba (NYSE:BABA) Group Holding Ltd. is selling assets from medical devices to drugs for HK$10.6 billion ($1.4 billion) to a Hong Kong-listed unit that it’ll take control of and turn into its main healthcare arm. Alibaba unveiled a deal ... ( read original story ...)

(Reuters) - Chinese conglomerate HNA Group’s Hong Kong Airlines is considering an initial public offering in the “short to medium term” and tapping investors to raise funds through the issue of new shares and convertible bonds, a document reviewed by ... ( read original story ...)

BEIJING, May 30, 2018 /PRNewswire/ -- Hongkong Land today officially opened WF CENTRAL, its US$1.2 billion first flagship retail-led project in Beijing. It will play a crucial role in the redevelopment of the historic Wangfujing area of Beijing into a pre ... ( read original story ...)

One of Hong Kong’s oldest brokerages is boosting its wealth management operations in the city, where millionaires are being minted by a property boom. Everbright Sun Hung Kai Co., a unit of China’s Everbright Securities Co., plans to add 100 ... ( read original story ...)

Hong Kong police have seized about HK$20 million (US$2.5 million) worth of cash and drugs in seven arrests over the past three days as part of the wider Thunderbolt 18 operation against organised crime. On Monday night, police arrested three suspected drug ... ( read original story ...)

A mainland Chinese woman accused of taking photos in a Hong Kong court was on Tuesday remanded in police custody, after she failed to post cash bail of HK$50,000 (US$6,400) as ordered by a judge. Tang Lin-ling was told last Friday by Mr Justice Andrew Chan ... ( read original story ...)

ZURICH (Reuters) - Swiss watch exports rose 13.8 percent in April to 1.76 billion Swiss francs ($1.77 billion), powered by a boom in the crucial Hong Kong market, trade data showed on Tuesday. The news is a boon for Swiss watchmakers such as Swatch Group ... ( read original story ...)

Releasing its findings on Monday, the group estimated there were about 2,900 people on the streets of Hong Kong each day collecting rubbish, though it was a rough projection based on visits to 58 of the city’s 320 recycling shops. “They are mostly ... ( read original story ...)

Ethnic minority children in Hong Kong are struggling to learn Cantonese because schools are not equipped to teach it as a second language, even though the government devotes HK$200 million (US$25.6 million) a year to the cause, an NGO said on Monday. ( read original story ...)

In some instances, they have been forced to pay tariffs when moving lab machines and equipment outside of Hong Kong. So, a report by state news agency Xinhua earlier this month revealing that President Xi Jinping had pledged to make the city an ... ( read original story ...)

Pro-establishment lawmaker Eunice Yung Hoi-yan briefly apologised to Hong Kong’s domestic workers on Sunday, and was immediately criticised for not going far enough. The New People’s Party legislator said sorry after offending many of the city’s ... ( read original story ...)

More than two thousand volunteers hit the beach on an outlying island of Hong Kong for a mass rubbish clean up Sunday as environment campaigners warned plastic is killing sea turtles and other wildlife. There has been increasing concern over the amount of ... ( read original story ...)

A small group of Hong Kong professionals, such as university professors, who work on the mainland for more than 183 days per year may be exempt from paying higher mainland Chinese salaries tax under new arrangements, according to the city’s financial ... ( read original story ...)