Hong Kong’s licensed moneylenders will face strict new regulations starting in August, including debt servicing ratio caps for low-income earners and a full ban on using loan referees – a move lawmakers say should reduce harassment by debt collectors. Lawmakers also said on Saturday that the measures outlined by the Financial Services and the Treasury…
Wellington: New Zealand officials said Thursday they were considering using decades-old laws restricting vehicle use if fuel supplies dwindled due to the war in the Middle East. Finance minister Nicola Willis told reporters on Thursday that officials had discussed using legislation introduced to restrict fuel use in the wake of the Iranian revolution in 1979…
Conflicts in the Middle East highlight Hong Kong’s attractiveness as a talent hub promising safety and stability, the city’s labour chief has said. Secretary for Labour and Welfare Chris Sun Yuk-han on Monday said that while Hong Kong already drew global talent because of its status as an international city, its safety and security were…
The escalating conflict in the Middle East is set to drive up travel costs for Hong Kong passengers as many are forced to opt for more expensive direct routes to Europe, according to analysts. They said on Monday that the suspension of major transit hubs in Dubai in the United Arab Emirates (UAE) and Doha…
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…
Former governor Chris Patten once said nobody ever profited from betting against Hong Kong. Anybody wagering against its “one country, two systems” policy will undoubtedly be out of pocket. Since 1997, the policy has been the city’s lodestar. While the post-reunification settlement was repeatedly challenged, most notably during the 2019 social unrest, Hong Kong has…
Hong Kong Customs has arrested 62 people and seized about 1.4 tonnes of suspected drugs worth roughly HK$431 million (US$55.27 million) in a major crackdown at the city’s airport, carried out with mainland Chinese and overseas authorities. The Customs and Excise Department said on Wednesday that a months-long operation conducted from October to December targeted…
Hong Kong’s men have failed in their bid to qualify for next year’s World Lacrosse Championship after slipping to a 10-6 loss to hosts New Zealand in the Asia-Pacific Championship on Friday. Victory in Wellington would have earned Hong Kong a spot in the semi-finals, and with Japan, who beat South Korea 18-7 in their…
Jerseys signed by football star Cristiano Ronaldo, limited editions of Star Wars trading cards, Transformers figurines and other proprietary collectibles will be up for grabs at an annual toy fair next week in Hong Kong. They are among 150 local and international intellectual property (IP) collectibles to be showcased at the Hong Kong Toys &…
Jerseys signed by football star Cristiano Ronaldo, limited editions of Star Wars trading cards, Transformers figurines and other proprietary collectibles will be up for grabs at an annual toy fair next week in Hong Kong. They are among 150 local and international intellectual property (IP) collectibles to be showcased at the Hong Kong Toys &…