Two directors of Hong Kong gym chain Physical have been arrested on suspicion of unfair trade practices, sources have said. The Post learned that Luk Ngai-keung was taken into custody after surrendering to customs, while his wife, Ho Yuk-wah, was apprehended police and customs officers raided her home on Wednesday morning. Customs and police officers…
When Neelam Daswani was studying to be a health coach in 2020, she learned about the health risks of consuming too much sugar and started cutting down on the sweet stuff. Having a diabetic father also concerned her – she had a sweet tooth and did not want to develop diabetes herself. “I learned that…
China’s largest technology companies are returning more of their cash to shareholders than ever before, as they continue to ramp up buybacks to support their flagging stocks. Repurchases of shares listed in Hong Kong have reached HK$187 billion ($24 billion) so far in 2024, already surpassing last year’s record total, according to data compiled by…
STORY: :: Residents stack sand bags and tape windows as Super Typhoon Yagi approaches Hong Kong :: September 5, 2024 “We are all worried because the wind speed seems to be similar to that of Typhoon Mangkhut, so we’re primarily concerned about flooding more than anything. If it floods, it will be disastrous for us…
Hi, it’s Will Davies in Hong Kong, where our reporters have been tracking what is set to be the biggest listing by a Chinese company in two years—providing a nice boost to the city’s IPO market. Also today, private equity’s favorite borrowing tool sparks fresh scrutiny. Today’s top stories Home appliance maker Midea Group is…
Fosun International Ltd. has secured a HK$1.6 billion ($205 million) syndicated loan to partly refinance an existing facility for a Hong Kong property project, according to people familiar with the matter. The new facility, which has a one-year tenor, was signed at the end of last month, said the people, asking not to be named…
Hong Kong customs officers have rounded up 149 residents, including three students, in a crackdown on sales of untaxed cigarettes at public housing estates, leading to the seizure of HK$5.6 million (US$718,000) worth of contraband goods. The Post learned on Wednesday that most of the arrestees were suspected buyers of illegal tobacco products through phone…
Hong Kong flag carrier Cathay Pacific Airways has axed another 22 flights over an engine component failure uncovered in its Airbus A350 fleet, bringing the number of cancellations this week to 90. Confirming the Post’s report, the airline said 22 flights would be cancelled between Thursday and Saturday, and no further cuts were expected. The…
The two drivers, aged 48 and 53, were taken to Queen Mary Hospital in Pok Fu Lam for treatment of head and neck pain. About three minutes later and only 150 metres (492 feet) away, another taxi driver hit a wild pig near the Ocean Court residential blocks while driving from Ap Lei Chau Bridge…
Lee said the visit fully reflected the importance and care the central government attached to Hong Kong and he hoped the delegation – fresh from winning 91 medals including 40 golds at the Paris Olympics – would feel at home during the trip. “The outstanding result at the Games was the embodiment of the progress…