Hong Kong could gain about HK$200 million (US$25.6 million) in economic value from K-pop powerhouse Blackpink’s coming concerts at Kai Tak Stadium, with fans of the girl group pouring into the city ahead of the three much-awaited shows. Excited fans splurged on band merchandise on Thursday ahead of the first concert at the weekend, while…
Hongkongers made 2.73 million outbound trips over the Christmas holiday period, an increase of about 11 per cent from last year, with an industry leader reporting a boost in the nightlife sector, and experts saying the food and beverage business remained lacklustre. According to the Immigration Department on Monday, the number of outbound trips between…
Hongkongers made 2.73 million outbound trips over the Christmas holiday period, an increase of about 11 per cent from last year, with an industry leader reporting a boost in the nightlife sector, and experts saying the food and beverage business remained lacklustre. According to the Immigration Department on Monday, the number of outbound trips between…
Hong Kong continues to count the economic losses from the city’s deadliest fire in decades, with the disaster having destroyed 1,736 flats at Tai Po’s Wang Fuk Court, turned residents’ valuables into ashes and triggered the cancellation of banquets and mega-events. Economists and industry leaders estimate the losses could run into billions of Hong Kong…
The National Games’ unprecedented tripartite hosting arrangement is a calculated strategy, showcasing the Greater Bay Area’s synergy while mitigating the substantial financial and logistical burdens on any single host city, according to experts. “It is more of a political move to showcase the Greater Bay Area integration and the practicality of utilising each city’s resources,”…
Super Typhoon Ragasa may have resulted in billions of Hong Kong dollars in economic losses to the city, but its overall impact may have been less severe than past storms, with more people working from home and the stock market trading despite the adverse weather, experts have said. But they warned on Thursday that as…
Hong Kong could reap as much as HK$428 million (US$54.5 million) in economic benefits from the city’s eight-day football festival, experts have said, bringing about a windfall for sectors such as retail, hospitality and transport. One hotel sector representative said his firm expected a 12 per cent increase in room rates over the event period…
Hong Kong could reap as much as HK$428 million (US$54.5 million) in economic benefits from the city’s eight-day football festival, experts have said, bringing about a windfall for sectors such as retail, hospitality and transport. One hotel sector representative said his firm expected a 12 per cent increase in room rates over the event period…
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…
Hong Kong-based Link Asset Management has said it is “streamlining a small number of roles and positions” as part of an efficiency drive in response to a “challenging operating environment” amid reports that the firm has been conducting lay-offs. Economists said the move by the firm, which owns 150 properties in Hong Kong, mainland China…