A religious group is selling Hong Kong residential properties at an accelerated pace, cashing in HK$110 million (US$14 million) amid increasing activity in the housing market now that the cost of borrowing has started to decline. Watch Tower Bible and Tract Society of Pennsylvania, associated with the Christian denomination known as Jehovah’s Witnesses, sold 11…
Many have complained about the unbearable heat in Hong Kong over the past couple of months. Perhaps we should review some global data, such as atmospheric carbon dioxide concentration at present. It is still on the rise, having risen above 425 parts per million in July, meaning that our collective decarbonisation efforts to address climate…
Many have complained about the unbearable heat in Hong Kong over the past couple of months. Perhaps we should review some global data, such as atmospheric carbon dioxide concentration at present. It is still on the rise, having risen above 425 parts per million in July, meaning that our collective decarbonisation efforts to address climate…
Hong Kong’s Airport Authority plans to expand the capacity of its gold vault from 150 tonnes to 1,000 tonnes, in a bid to support the city’s ambitions of becoming a global trading hub for the precious metal amid fierce competition from Singapore. The authority on Monday said it was finalising the expansion plan for the…
The “results-oriented” government Chief Executive John Lee Ka-chiu has vowed to run seems to be having a few hiccups. Six key performance indicators (KPIs) could not be ticked off the list in time for Lee’s third policy address last week. While the six tasks span various departments and Lee explained that the delays were due…
Hong Kong’s leader has brushed aside a former minister’s suggestion that encouraging protests can help the city’s image abroad, calling the argument that demonstrations prove political inclusivity “narrow-minded”. Chief Executive John Lee Ka-chiu made the remarks on Sunday, two weeks after former housing and transport minister Anthony Cheung Bing-leung told a newspaper that encouraging groups…
Hong Kong businesses should reflect on whether they have come up with innovative plans to encourage tourists to splash out, rather than merely lamenting the decline in visitor spending, a senior official has said. Deputy Chief Secretary for Administration Warner Cheuk Wing-hing said on Sunday tourists were still keen to spend, but they had high…
Hong Kong authorities will seek about HK$30 billion (US$3.86 billion) in funding for the first-stage development of a technology hub near the border with mainland China despite an ongoing legal challenge to the project. Secretary for Development Bernadette Linn Hon-ho also revealed on Saturday that the government sought to open bidding next year for the…
Hong Kong has slashed the liquor tax on spirits with over 30 per cent alcohol content and an import price above HK$200 (US$26) after Chief Executive John Lee Ka-chiu unveiled the move in his latest policy address. The cut aims to boost the high-end spirits market, with hopes that it will also benefit the tourism…
Hong Kong’s leader has expressed hope the city will soon reap the rewards of favourable measures he has sought from the central government, with Beijing lauding his latest policy blueprint as a sign of his determination to implement reforms. Chief Executive John Lee Ka-chiu voiced optimism on Thursday when asked whether a “one-trip-per-week” visa scheme…