Tag: business

The Exchange Fund, reserves held to defend the Hong Kong dollar, made a huge HK$57.1 billion (US$7.33 billion) investment gain during the first quarter of the year – a 137 per cent increase on last year at this stage (HK$24.1 billion ) – thanks to ... ( read original story ...)

which need brands and innovative products, whereas emerging markets need efficiency," Chairman Yang Yuanqing said of Lenovo's mobile business at a press conference in Hong Kong on Thursday. "So we will have two teams catering to the two kinds of markets ... ( read original story ...)

For full functionality of this site it is necessary to enable JavaScript. Here are the instructions how to enable JavaScript in your web browser. Boeing 747-400; Qantas has retained nine of this aircraft in its fleet, with reconfigured cabins along the ... ( read original story ...)

HONG KONG: Moody’s Investors Service’s decision to downgrade Hong Kong’s debt rating last week was based on “shallow” evidence, Hong Kong financial secretary Paul Chan wrote in a blog. “The evidence on which the ratings company mechanically ... ( read original story ...)

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 ...)