Hong Kong’s retail sales in May jumped by 2.4 per cent year on year, reversing a 14-month contraction, with the uptick boosted by a surge in visitors during several “golden week” holidays. Provisional figures released by the Census and Statistics Department on Wednesday showed total retail sales in May reached HK$31.3 billion (US$3.9 billion). The…
Hong Kong’s restaurants expect a modest 5 per cent rise in business at most during the “golden week” holiday despite visitor numbers increasing by a third over the first two days, as mainland Chinese tourists have tightened their purse strings, industry leaders have said. Hong Kong welcomed 567,928 visitors on Thursday and Friday, the first…
Hong Kong’s restaurants expect a modest 5 per cent rise in business at most during the “golden week” holiday despite visitor numbers increasing by a third over the first two days, as mainland Chinese tourists have tightened their purse strings, industry leaders have said. Hong Kong welcomed 567,928 visitors on Thursday and Friday, the first…
Overseas retailers have raised prices for goods ranging from lipstick, shoes and clothes to Nintendo games in response to the United States’ sweeping tariffs on its global trading partners, but a Hong Kong lawmaker has said products imported from mainland China remain unscathed so far. The move by overseas retailers followed an executive order signed…
Continuous 2 to 3 per cent growth in the economy makes Hong Kong the envy of many in the world. It looks even more remarkable considering the city was among the hardest hit by the coronavirus pandemic just a few years ago. Yet there is no shortage of indicators reflecting the challenges facing some local…
Another double blow has struck Hong Kong’s retail sector and consumer confidence with the closure of a health products chain and gourmet popcorn business. The latest setback must motivate authorities to do more to address the city’s economic woes, but it should also highlight the challenges posed by shifting consumer habits. One of the latest…
Transport and catering operators have urged Hong Kong authorities to continue offering labour import schemes to help fill the thousands of vacancies in the workforce, despite some unions calling for the measures to be suspended. Representatives of minibus and catering companies said the schemes to bring in workers, mainly from mainland China, were also part…
Trade unions have urged Hong Kong authorities to halt or review a scheme to bring in transport, retail and aviation workers from outside the city, following the suspension of such arrangements for the construction industry amid claims of exploitation of migrant labourers. Calls from the unions to either withdraw the scheme or bring forward a…