The Chinese University of Hong Kong (CUHK) will dip into its reserves to repay a HK$4 billion (US$510.9 million) government loan owed by its debt-ridden private hospital, the institution’s council chairman has said. The finances of the CUHK Medical Centre were on the agenda of Friday’s Legislative Council health panel meeting, but the discussion was…
Experts have warned that the HK$1 (13 US cents) increase in Hong Kong’s minimum wage, which takes effect on Labour Day, is unlikely to significantly boost low-paid workers’ incomes, but should help preserve purchasing power and ease labour tensions under a new formula. Human resources expert Alexa Chow Yee-ping, managing director of ACTS Consulting, said…
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 artiste Kristal Tin Yui-lee has revealed on social media that cancer cells were found in her lymph nodes, more than a year after being diagnosed with early-stage lung cancer, drawing renewed attention to the disease. A former leading actress at TVB after starting her career at the now defunct ATV, the 48-year-old has…
Beijing’s top official overseeing Hong Kong affairs has concluded his second visit to the Greater Bay Area in three weeks, a move that analysts view as a push from the central government to speed up the city’s integration with national development. Xia Baolong, director of the State Council’s Hong Kong and Macau Affairs Office, was…
Life for Hong Kong-based Iranian biomedical researcher Behzad Nasiri Ahmadabadi is filled with anxiety as he spends each day waiting for a call from his family that may not come amid the conflict in the Middle East. The stress is similar for Iranian student Ali*, who spends his days scrolling through news reports from across…
Hong Kong’s heavy reliance on hiring workers from mainland China could lead to a “downgrade” of its status as an international hub, experts said, after data showed that 94.5 per cent of successful top talent scheme applicants came from across the border. Industry veterans and a lawmaker on Thursday called for a strategic shift towards…
In the summer of 1998, the usually placid air at the Hong Kong Monetary Authority’s headquarters in Citibank Tower suddenly evaporated as regional currencies collapsed like dominoes. Rapacious speculators had shorted currencies such as the Thai baht, the Indonesian rupiah and the Korean won and had profited handsomely. The contagion looked like it would also…
Hong Kong flag carrier Cathay Pacific Airways’ extended suspension of its Middle Eastern flights is likely to have a limited financial impact on its passenger operations as its expanded European services should help offset losses, aviation experts have said. But they warned of broader effects on its cargo business, given the loss of the Middle…
Joe*, a 20-year-old Hong Kong student, began seeking emotional support for dating advice, family relationships and stress management a few months ago to ease his anxieties. He asked questions during his commute to school, while studying in the evening and even when he could not sleep late at night. His go-to chatbot: OpenAI’s ChatGPT, which…