Hong Kong industry leaders have called for priority hiring of local graduates and greater participation in overseas exchange programmes to address a shrinking job market, after full-time graduate vacancies plunged to about 31,000 last year. Their remarks were made on Thursday after the city’s labour minister revealed that vacancies suitable for university graduates fell from…
For the first time, all eight Hong Kong public universities have been ranked among the top 100 in a widely watched Asian league table, with the city’s two oldest tertiary institutions ranking among the region’s top 10. Phil Baty, chief global affairs officer of Times Higher Education (THE), also highlighted Hong Kong’s role as a…
Hong Kong bus company boss Martin Lau feels overwhelmed as he attempts every option possible to minimise mounting losses wrought by runaway fuel prices. He has done everything he can think of, from trying to reduce services to doing his own repairs on his fleet of more than 20 coaches. Lau, managing director of ABC…
A world-class fencing hall and stand-alone swimming complex will be built in Hong Kong’s Northern Metropolis megaproject, authorities have revealed, in a move that experts said must be accompanied by good transport and support services for elite athletes. Sports industry experts raised their suggestions on Tuesday after the Leisure and Cultural Services Department (LCSD) updated…
Hongkongers may begin to feel the impact of the escalating war in the Middle East in the coming months, as rising global oil prices are expected to push up energy bills and dining costs, according to experts. Analysts said the attacks on Iran by the United States and Israel, and subsequent retaliation across the region,…
A combination of a strong initial public offering (IPO) market and bond sales has helped put Hong Kong’s financial health back in the black sooner than expected, with analysts expecting a robust pipeline of listings to be key to sustaining the city’s surplus. In his budget speech on Wednesday, Financial Secretary Paul Chan Mo-po said…
Hong Kong’s finance chief on Wednesday lived up to his credentials as a chartered accountant when he produced a surprisingly robust budget, flush with surpluses and full of initiatives to be funded through substantial means at his disposal. One significant initiative is a rare move to dip into the Exchange Fund, the government’s main investment…
A new government committee tasked with reviewing Hong Kong’s tax policies will consider updating them to allow for levies on the virtual asset sector and selected emerging industries, while providing incentives to attract business and investment, the South China Morning Post has learned. The SCMP learned of the development on Wednesday as experts called for…
The loss-making authority that manages Hong Kong’s West Kowloon arts hub will sell bonds for the first time, aimed at raising up to US$1 billion to fund its operations. According to documents submitted to Hong Kong Exchanges and Clearing on Thursday, the West Kowloon Cultural District Authority appointed the Hongkong and Shanghai Banking Corporation and…
Norovirus has fallen under the spotlight in Hong Kong following a series of food poisoning cases linked to raw oysters in eateries since January, with the latest incident added to the list taking place at the five-star Mandarin Oriental hotel. Between January 18 and Monday, the Centre for Health Protection recorded 37 food poisoning cases…