Sunday, December 16, 2018

Record number of riders on cable car Ngong Ping 360 after Hong Kong-Zhuhai-Macau Bridge opens

Record number of riders on cable car Ngong Ping 360 after Hong Kong-Zhuhai-Macau Bridge...

The opening of the world’s longest sea bridge helped bring a record number of riders to Hong Kong’s Ngong Ping 360 cable car on Lantau Island in November, its operator said on Friday. Company board chairwoman Jeny Yeung Mei-chun said there had been a 20 per cent increase in daily visitors since the 55km Hong…
Beijing removes barrier to trade between Hong Kong and Greater Bay Area as new agreement scraps tax on goods being sent across the border

Beijing removes barrier to trade between Hong Kong and Greater Bay Area as new...

Hong Kong businesses have been given a boost after the city signed an agreement removing tariffs from goods being exported to the Greater Bay Area in mainland China. Friday’s deal between the city and the central government removes tax and customs barriers between Hong Kong and the new economic zone, which includes Macau and nine…
Tanzania eyes Hong Kong money men as it touts itself as place Chinese businesses can use to dodge trade war tariffs

Tanzania eyes Hong Kong money men as it touts itself as place Chinese businesses...

Tanzania’s ambassador to China has touted the African nation as a place Chinese manufacturers can be based as a way to dodge any tariffs imposed because of the trade war with the United States. Mbelwa Kairuki made his remarks during his first formal visit to Hong Kong on Thursday, and said there are “unique advantages”…
Hong Kong trade body slashes export forecasts by almost half and warns of volatile start to year with all eyes on US-China tariffs truce

Hong Kong trade body slashes export forecasts by almost half and warns of volatile...

Growth in Hong Kong’s exports will be nearly halved to 5 per cent in 2019 from 9 per cent this year, with the outlook the most uncertain in the coming first quarter amid a temporary truce in the US-China trade war, the city’s trade development body forecast on Thursday. Washington and Beijing on December 1…
Hong Kong’s housing developers and landlords are set to take a hit with rates changes – but what are they?

Hong Kong’s housing developers and landlords are set to take a hit with rates...

Hong Kong’s housing developers and major landlords could take a hit, under a government proposal to take away billions of dollars’ worth of property tax sweeteners. Under the plan, submitted to the Legislative Council on Tuesday, developers and wealthy owners of multiple properties would get fewer concessions on rates. Previously they got a rebate for…
Hong Kong’s housing developers and landlords could take a hit with rates changes – but what are they?

Hong Kong’s housing developers and landlords could take a hit with rates changes –...

Hong Kong’s housing developers and major landlords could take a hit, under a government proposal to take away billions of dollars’ worth of property tax sweeteners. Under the plan, submitted to the Legislative Council on Tuesday, developers and wealthy owners of multiple properties would get fewer concessions on rates. Previously they got a rebate for…
Investors are still optimistic about Hong Kong despite US-China trade war, says InvestHK director general

Investors are still optimistic about Hong Kong despite US-China trade war, says InvestHK director...

The investment outlook in Hong Kong remains optimistic despite tensions arising from the US-China trade war, with the number of jobs created by foreign and mainland Chinese investors hitting a record high this year, according to InvestHK. Its director general, Stephen Phillips, made the bullish forecast as the agency’s data showed that the number of…
Ban on mainland Chinese tourists using mega bridge to Hong Kong at weekends only in effect for 2 days, Guangdong’s top tourism official says

Ban on mainland Chinese tourists using mega bridge to Hong Kong at weekends only...

An order to halt all one-day weekend trips to Hong Kong via a mega cross-border bridge to reduce the nuisance to the city’s residents was only in effect for 48 hours in November, Guangdong province’s top tourism official told the Post on Wednesday. Although the ban was short-lived, residents in Tung Chung, near the Hong…
US-China trade war ‘just tip of iceberg’ hiding deeper problems in bilateral relationship, says Alibaba executive chairman Jack Ma

US-China trade war ‘just tip of iceberg’ hiding deeper problems in bilateral relationship, says...

The ongoing trade war between China and the United States is just the tip of the iceberg hiding deeper, underlying tensions between the world’s two largest economies and the real problem lies in their fraught bilateral relations, the executive chairman of e-commerce giant Alibaba said on Wednesday. “Even if the trade war is over, the…
Greater Bay Area can tap into Sun Yat-sen’s life and develop heritage trails to attract more visitors, says Guangdong’s deputy governor Xu Ruisheng

Greater Bay Area can tap into Sun Yat-sen’s life and develop heritage trails to...

A deputy governor of Guangdong province on Wednesday highlighted five ways to develop historical and cultural tourism in Hong Kong, Macau and their neighbouring cities – from connecting heritage trails to displaying various facets of Dr Sun Yat-sen’s life. The proposals by Xu Ruisheng at the Hong Kong International Tourism Convention, where he also showed…
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