This article was first published on April 3, 2011 If the altitude doesn’t give you a nosebleed, the room rates might By John Carney You could say it is the height of luxury. And if putting on the Ritz is your thing, it’s just the place for you. The highest hotel in the world opened…
Hong Kong’s CLP Power will distribute HK$100 (US$13) consumption coupons to about 600,000 eligible customers, including elderly people receiving concessionary tariffs, using HK$60 million from the company’s Community Energy Saving Fund. The initiative follows the power company’s earlier announcement that it would raise its fuel cost adjustment (FCA) charge starting this month, citing a discrepancy…
Hong Kong’s anti-corruption watchdog has arrested 10 people on suspicion of working as part of a crime syndicate that used triad connections to take control of a HK$160 million (US$20.4 million) renovation project, among other offences. The operation by the Independent Commission Against Corruption also led police to arrest 32 suspects in raids on multiple…
A section of Hong Kong Island’s southwest coast at Aberdeen will be revamped into a new marina with 200 berths, a clubhouse and about 250 private flats by 2032 as part of government efforts to boost yacht tourism. The Development Bureau said on Wednesday that it aimed to launch a tender in the first half…
Swire Coca-Cola has won a HK$31.9 million (US$4 million) contract to supply Bonaqua water to some Hong Kong government offices, following a HK$52.9 million procurement scandal last year. According to a Government Logistics Department notice, Swire Coca-Cola was awarded the 27-month contract on Tuesday to supply more than 1.46 million bottles of drinking water to…
Hong Kong’s struggling office landlords are ramping up efforts to convert their assets into co-working spaces and student accommodation in a bid to adapt to intense competition and the flight to quality, according to analysts. With some 3.5 million sq ft of new premium office space expected to be completed this year and next, on…
The value of collateral assets used by banks for commercial property loans is expected to continue declining in 2026, according to S&P Global Ratings, as the sector has yet to find a clear bottom. “More collateral pain is likely this year for Hong Kong banks,” the credit rating agency said in a report published on…
A new harbourfront event space featuring exhibitions, performances and pet-friendly facilities will open in Hung Hom next month, after Hong Kong granted a three-year tenancy for the former railway freight pier to a firm with links to mainland China. The Development Bureau said on Monday that it had granted the tenancy to Bay Area Media,…
Hong Kong’s residential property market made gradual and steady gains in the Year of the Snake, with the momentum set to continue in the Year of the Horse, according to the city’s largest real estate agencies. “The Year of the Snake marked the end of three years of decline and a strong rebound fuelled by…
Hong Kong welcomed 10 per cent more visitors on the first day of Lunar New Year against a year ago, with crowds continuing to flock to hiking trails and tourists packing border crossing checkpoints. The latest Immigration Department data showed that 153,383 visitors arrived in the city on Tuesday, representing a 10.4 per cent increase…