Why are Hong Kong eateries selling ‘poor man’s meals’ bucking closure trend?

Why are Hong Kong eateries selling ‘poor man’s meals’ bucking closure trend?

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…

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Exclusive | Global financial system must rewrite its rules for the tokenised future, says BIS adviser

Exclusive | Global financial system must rewrite its rules for the tokenised future, says BIS adviser

The worldwide financial system needs to rewrite its rules for a future of tokens, as the rise of stablecoins poses new challenges to the global infrastructure for instant payment, clearing and settlement, according to the gatekeeper of the world’s central banks. Stablecoins, which are digital tokens backed by fiat currencies or other reserve assets, could…

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