Eateries specialising in what were once known as “poor man’s meals” and which typically operated in Hong Kong’s lower-income neighbourhoods are now bucking the local trend of closing restaurants, with many chains now expanding across the city. One expansive player is Kuen Fat Kitchen, which recently came under the spotlight for spending HK$180,000 (US$22,900) a…
In a commercial rental market beset by high vacancy rates, many Hong Kong landlords feel stuck between a rock and a hard place: giving tenants a break on rent makes it harder to pay mortgages and threatens asset value, but holding the line on rent runs the risk of driving tenants away. In this difficult…
A lead poisoning scandal at a kindergarten in northwest China – and the local government’s attempt to cover up wrongdoing – has sparked public backlash, and observers say the case highlights a familiar pattern often seen in the wake of high-profile safety incidents. The caller confirmed Liu’s identity, then curtly said “5.416” and hung up….
When his health supplement business struggled with cash-flow problems, Bobby Tan* turned to a so-called professional networking group in Hong Kong for help, borrowing HK$300,000 (US$38,220) from a licensed small lender in April last year. Over the next 10 months, the Hong Kong permanent resident from Southeast Asia continued to take on more debt, borrowing…
Just over five years ago, residential and commercial real estate prices and rents were hitting record highs. Developers reported robust earnings and had access to cheap financing, boosting their confidence – and that of investors – to spend more on new projects or acquire existing income-generating properties. But this golden era ended abruptly. Social unrest…
Just over five years ago, residential and commercial real estate prices and rents were hitting record highs. Developers reported robust earnings and had access to cheap financing, boosting their confidence – and that of investors – to spend more on new projects or acquire existing income-generating properties. But this golden era ended abruptly. Social unrest…
Neysun Mahboubi is a US expert on Chinese law and director of the Penn Project on the Future of US-China Relations at the University of Pennsylvania. He spoke to the Post shortly after leading a group of Penn students on a 10-day tour of Beijing, Shanghai and Hangzhou in May. The visit included wide-ranging discussions…
US President Donald Trump on Sunday dismissed the importance of aggressive actions linked to Beijing including recent arrests of two Chinese nationals accused of smuggling a dangerous pathogen into the United States, saying “that’s the way the world works”. Trump told Fox News that Washington behaves in a similar way. “You don’t think we do…
For most visitors to Hong Kong, no trip would be complete without a stop at The Peak to take in the city’s sweeping vistas or a walk along the Avenue of Stars to witness the skyline lit up at night. With such glitzy attractions having become synonymous with the city, few people would ever consider…
For most visitors to Hong Kong, no trip would be complete without a stop at The Peak to take in the city’s sweeping vistas or a walk along the Avenue of Stars to witness the skyline lit up at night. With such glitzy attractions having become synonymous with the city, few people would ever consider…