Hong Kong has opened a new trade office in Malaysia, with a minister saying the move is part of a strategic push to deepen regional ties and will help position the city as a bridge between the country and the Greater Bay Area. Secretary for Commerce and Economic Development Algernon Yau Ying-wah said on Tuesday…
Hong Kong’s tourism industry has called for more experiential events and closer cross-border cooperation to draw visitors, after tourist spending fell to HK$197.5 billion last year, 44 per cent below its 2018 level. Lawmaker Perry Yiu Pak-leung, chairman of China Travel Service (Hong Kong) Limited, said on Friday that the fall reflected changing travel patterns,…
Hong Kong’s push into Central Asia aims to strengthen links between mainland China and the region while reinforcing the city’s role as a professional services hub for belt and road countries, although economic gains may take time, analysts have said. They added that Kazakhstan and Uzbekistan, given their strategic positions, were logical destinations for Hong…
Hong Kong recorded a 17 per cent growth in investment in the first quarter of the year driven mainly by machinery purchases and construction-related activities, according to the city’s finance chief, reflecting a steadily improving property market. Financial Secretary Paul Chan Mo-po on Sunday acknowledged a gap in perceived economic growth among residents working in…
Hong Kong should leverage its position as a “safe haven for investment” to attract foreign capital amid the ongoing conflict in the Middle East, the head of InvestHK has said, noting that more companies using Dubai as a hub have shifted to the city to diversify risk. The call came as finance chief Paul Chan…
Thai police have helped Hong Kong authorities in arresting two fugitives, including a murder suspect who had been on the run for more than three decades, the city’s police chief has said. Speaking upon his return from Thailand on Thursday, Commissioner of Police Joe Chow Yat-ming said the two local suspects were linked to two…
By Rozanna Latiff KUALA LUMPUR (Reuters) -U.S. President Donald Trump will visit Malaysia on October 26, Foreign Minister Mohamad Hasan said on Tuesday, adding that he was “looking forward” to witnessing a ceasefire deal between Southeast Asian neighbours Thailand and Cambodia. Tension over undemarcated points on the two nations’ 817-km (508-mile) land border erupted into…
When his health supplement business struggled with cash-flow problems, Bobby Tan* turned to a so-called professional networking group in Hong Kong for help, borrowing HK$300,000 (US$38,220) from a licensed small lender in April last year. Over the next 10 months, the Hong Kong permanent resident from Southeast Asia continued to take on more debt, borrowing…
Hong Kong’s market for pre-owned luxury goods such as Hermes and Chanel handbags has attracted a growing number of resellers from countries such as the Philippines and India, according to industry players. Second-hand luxury retailers said Hong Kong had become a top choice for sourcing among Indian and Filipino merchandisers, owing to the city’s reputation…
Hong Kong’s market for pre-owned luxury goods such as Hermes and Chanel handbags has attracted a growing number of resellers from countries such as the Philippines and India, according to industry players. Second-hand luxury retailers said Hong Kong had become a top choice for sourcing among Indian and Filipino merchandisers, owing to the city’s reputation…