Hong Kong’s cash-strapped Urban Renewal Authority intends to adjust the pace of its projects to ensure better financial stability, while private developers will be briefed in advance on plans to avoid failed tenders. The changes, outlined by managing director Wai Chi-sing on Sunday, were aimed at helping the authority maintain adequate cash flow and avoid…
TAIPEI (Reuters) – South Korean car maker Kia expects challenging market conditions in the near term due in part to governments’ policies but will stick to its target of selling 1.6 million electric vehicles annually by 2030, a senior executive said. “We’re not pushing volume to market. Especially this year, the market is changing very…
Hong Kong’s finance chief has vowed to intensify efforts to promote the city and diversify its sources of funding, as the business environment benefited from the lowered US interest rate and improvements in the local stock market. Financial Secretary Paul Chan Mo-po also said on Sunday that Hong Kong’s speed and the extent of its…