Hongkong Post’s worsening financial situation may require not only an injection of funds but also a return to being a government-funded department providing basic public services, observers have said. The analysts’ views follow the authorities’ plan to inject HK$4.6 billion (US$587 million) as a lifeline to support Hongkong Post’s operations over the next three years,…
Hong Kong’s improving fiscal position has prompted a groundswell of calls for the government to offer more “sweeteners” in the coming budget, including a cross-party demand for more tax relief for the middle class, but economists have cautioned against such across-the-board measures. They were more supportive of targeted spending, a cause taken up in recent…
Hongkongers made 2.73 million outbound trips over the Christmas holiday period, an increase of about 11 per cent from last year, with an industry leader reporting a boost in the nightlife sector, and experts saying the food and beverage business remained lacklustre. According to the Immigration Department on Monday, the number of outbound trips between…
Hongkongers made 2.73 million outbound trips over the Christmas holiday period, an increase of about 11 per cent from last year, with an industry leader reporting a boost in the nightlife sector, and experts saying the food and beverage business remained lacklustre. According to the Immigration Department on Monday, the number of outbound trips between…
Super Typhoon Ragasa may have resulted in billions of Hong Kong dollars in economic losses to the city, but its overall impact may have been less severe than past storms, with more people working from home and the stock market trading despite the adverse weather, experts have said. But they warned on Thursday that as…
Hong Kong could reap as much as HK$428 million (US$54.5 million) in economic benefits from the city’s eight-day football festival, experts have said, bringing about a windfall for sectors such as retail, hospitality and transport. One hotel sector representative said his firm expected a 12 per cent increase in room rates over the event period…
Hong Kong could reap as much as HK$428 million (US$54.5 million) in economic benefits from the city’s eight-day football festival, experts have said, bringing about a windfall for sectors such as retail, hospitality and transport. One hotel sector representative said his firm expected a 12 per cent increase in room rates over the event period…
Hong Kong-based Link Asset Management has said it is “streamlining a small number of roles and positions” as part of an efficiency drive in response to a “challenging operating environment” amid reports that the firm has been conducting lay-offs. Economists said the move by the firm, which owns 150 properties in Hong Kong, mainland China…
Hong Kong-based Link Asset Management has said it is “streamlining a small number of roles and positions” as part of an efficiency drive in response to a “challenging operating environment” amid reports that the firm has been conducting lay-offs. Economists said the move by the firm, which owns 150 properties in Hong Kong, mainland China…