Hong Kong-headquartered Toys ‘R’ Us Asia has pivoted to an experience-focused format and smaller stores in the city following an expansion programme that sought to increase its outlets as it navigates the changing retail landscape. The group planned to close the year with 20 stores in Hong Kong, representing a 40 per cent rise from…
The European Union will remain open to capital from mainland China and Hong Kong even as the bloc pursues a “de-risking” strategy in certain key sectors, its budget chief has said on his first visit to the city. Piotr Serafin, the European Commissioner for Budget, Anti-Fraud and Public Administration, also said that the EU was…
With Chinese coffee brands eyeing overseas expansion, analysts said those seeking to succeed as global players must move beyond low-price strategies and a narrow focus on operational efficiency. “Overseas consumers have long associated Chinese brands mainly with cost performance,” said Fu Yifu, a special research fellow at Su Merchants Bank in Nanjing, in the eastern…
KUALA LUMPUR, March 26 (Reuters) – Malaysia’s Prime Minister Anwar Ibrahim said on Thursday he had spoken to the leaders of Iran, Egypt, Turkey and other regional countries and said Malaysian vessels were now being allowed to pass through the Strait of Hormuz. Anwar in a televised address thanked Iran’s president for allowing the passage…
Non-local students could pay up to HK$350,000 (US$44,680) per year to study in Hong Kong’s semi-private schools after the institutions were allowed to admit them by offering additional places, with scholarships to cover some expenses. But an education consultant specialising in expatriate placements for Hong Kong schools said the charges were uncompetitive, noting the cost…
In October last year, Singapore’s three-day Formula One (F1) Grand Prix showcased the tremendous economic impact that world-class sporting events can bring to a city. The event attracted more than 300,000 attendees, the second highest in its history. Since Singapore began hosting F1, the races have drawn more than 720,000 international visitors and generated about…
Animal rights groups have urged Hong Kong authorities to review their culling strategy for wild boars and to install animal bridges and other measures to reduce human-wildlife conflict in urban areas after incidents involving wild boars and a buffalo. They warned that as urban expansion, particularly the Northern Metropolis project, cleared large tracts of land…
Less than half of Hong Kong employees feel happy at work, a survey has found, ranking the city’s workplace happiness the lowest among eight Asia-Pacific economies, including Singapore. Recruitment platform Jobsdb on Friday released its survey of 1,020 local workers. The poll also found that 44 per cent of local respondents reported burnout at work…
People will soon be able to buy Ethereum-based investment tokens for concerts in March and April, laying the groundwork for the introduction of tokenised gold in Hong Kong, according to an industry leader. Esperanza Fintech Group CEO Dan Ronald Leung Wai-tsun said on Tuesday the initiative would test public appetite for tokenised assets through entertainment…
Hong Kong should increase funding for university research to position itself as a global education hub, a leading academic has said, citing a growing trend of students choosing Asian destinations for higher studies. Professor Dennis Lo Yuk-ming, president of Chinese University, which is hosting this year’s Asia-Pacific Association for International Education (APAIE) Conference and Exhibition,…