Hong Kong schools have been taking extra precautions against flu, including cancelling assemblies and asking pupils where they have travelled, as most classes resumed on Monday after an extended Lunar New Year holiday. Pupils at most of the city’s 1,600 ... ( read original story ...)
Hong Kong’s Sun Hung Kai Properties records 36pc interim profit jump
“The earnings growth driver is Hong Kong property sales,” said Praveen Choudhary, a Morgan Stanley equity analyst in a research note. SHKP shares closed down 0.61 per cent to HK$129.80 on Tuesday before the results announcement. Looking ahead, chairman ... ( read original story ...)
Invest Hong Kong’s massive fiscal surplus in better payment system, ex-monetary authority head says
Hong Kong officials should invest the city’s massive fiscal surplus in accelerating productivity and future economic growth, including upgrading the payment system vital to the pillar industry of finance, a former head of the Hong Kong Monetary Authority ... ( read original story ...)
Hong Kong bus drivers suspend strike threats, claiming ‘preliminary success’ in emergency meeting with KMB management
Protesting bus drivers in Hong Kong have suspended threats of industrial action after the city’s largest franchised bus company agreed to “positive measures” during an emergency meeting. The session, which ended at about 1am on Tuesday, was a last ... ( read original story ...)
Hongkong Land’s Central Boulevard JV with IOI Properties said to be facing setbacks
SINGAPORE (Feb 26): An agreement between Hongkong Land and Malaysia-listed IOI Properties Group to jointly own and develop a prime land parcel in Singapore’s Marina Bay financial district could be in trouble. Sources say the deal could be facing setbacks ... ( read original story ...)
Hong Kong beats Singapore in expat survey by HSBC, but Mumbai best for salaries
Expatriates in Hong Kong earn, on average, just three quarters of their equivalents in Shanghai, and two thirds compared with those in Mumbai, according to new figures from HSBC. But those in Singapore are further behind. Nonetheless, pure salary figures ... ( read original story ...)
McKinsey makes virtue of tradition with Sneader promotion
Paris and Hong Kong since joining the firm in 1989. Although some McKinsey partners were hoping the recent election would be an opportunity for the firm to appoint its first female leader, Mr Sneader does offer other forms of diversity: he is the company ... ( read original story ...)
Hong Kong’s bourse to report best year since 2015 as listing, trading increase
Hong Kong Exchanges and Clearing is likely to report its best financial year since 2015 as more investors poured into the city’s bourse in the past year, while more companies flocked to raise capital through initial public offerings. Net income is likely ... ( read original story ...)
Hong Kong, mainland stocks rally as removal of presidential two-term limit boosts confidence in China
Hong Kong and Chinese stocks rallied on Monday amid optimism over earnings for Chinese companies and increased confidence in long-term stability after Beijing scrapped the constitutional limits on the number of terms the president and vice-president can serve. ( read original story ...)
Liberals in Hong Kong fear for city’s future as China falls back on strongman rule
According to state news agency Xinhua on Sunday ... “Many people think the removal of term limits would mean a tougher battle for Hong Kong to achieve democracy – I agree, but that does not mean we should do nothing,” Lee said. ( read original story ...)
Hong Kong may renegotiate fees with Disneyland after park posts HK$345 million loss, minister says
Hong Kong Disneyland’s financial performance has not met expectations and the government may renegotiate management fees the park charges it, the city’s commerce minister said on Monday. The resort last week reported a loss of HK$345 million for 2017 ... ( read original story ...)
Investment in Hong Kong’s Commercial Property Market Hits New Highs in January
According to JLL's latest Property Market Monitor, Hong Kong's property investment market continued to hit new highs in January 2018, riding on strong global investor interest. A total of four en-bloc office buildings were sold for a total consideration of ... ( read original story ...)
McKinsey selects a solid male leader
He is chairman of Asia based in Hong Kong, and McKinsey has become the largest of the global consulting firms in China. The other run-off contender was Bob Sternfels, head of global functions based in San Francisco, a specialist in raising corporate ... ( read original story ...)
Theft, vandalism force Hong Kong bike sharing start-up Gobee to retreat from Europe
Hong Kong start-up Gobee.bike has become the first Asian bike sharing operator to retreat from Europe after incurring mass thefts and vandalism. The company reported that over 1,000 bikes had been stolen and nearly 3,400 damaged during its four months of ... ( read original story ...)