Hong Kong’s retail leasing market remained under pressure with rental rates far below the pre-pandemic levels, while Beijing’s crackdown on capital flight and a potential rate hike in the second half of the year by the US Federal Reserve would add to sector uncertainties, according to analysts. The food and beverage sector has seen numerous…
This article was first published on April 8, 1986. Billion dollar brilliance by Staff Reporters The new $5.2 billion headquarters of the Hongkong and Shanghai Banking Corpn was formally opened last night (April 7, 1986) when the Governor, Sir Edward Youde, snipped a simple ribbon. The building, every light ablaze, was a symbol of the…
Hong Kong police are investigating an alleged robbery in which 58 million Japanese yen (US$376,600) was stolen outside a currency exchange shop in Sheung Wan. The force said a passerby reported the case at 9.47am on Friday, with initial investigations suggesting two men made off with the money worth HK$2.94 million near 272 Des Voeux…
Hong Kong police have arrested one suspect after four armed men robbed the staff of a currency exchange shop of 1 billion Japanese yen (US$6.4 million). The force said it received a report at 9.06am on Thursday from a staff member who, along with a colleague, was robbed of cash equivalent to nearly HK$50 million…
Taiwanese brand Nap Tea drew long lines when it opened its first Hong Kong store in Mong Kok in February. The chain has since expanded aggressively, opening its ninth outlet in the city this month. “What truly surprised us was our breakthrough in quickly building a loyal base of repeat customers,” said co-founder Dan Lin….
Hong Kong police have arrested three people for allegedly practising medicine without a licence at a Central cosmetic clinic after two women suffered from septic shock following anti-ageing intravenous injections. The women, both 57, were hospitalised after undergoing infusion treatments at a clinic named Bioscor Hong Kong in Crawford House on Queen’s Road Central, the…
Hong Kong Ferry Holdings is buying retail shops in the New Territories from Hong Kong’s “Cassette King” David Chan Ping-chi for HK$260 million (US$33 million) as part of an expansion of its property investment business. Prosper Link Investment, a wholly owned subsidiary of the company, entered into a provisional agreement with the seller, Man Hei…