Saturday, December 16, 2017

Hong Kong smart city blueprint rolled out amid scepticism over pace and scope

Hong Kong smart city blueprint rolled out amid scepticism over pace and scope

Hong Kong’s ambition to become a world-class smart city in the next five years was underscored by a raft of innovation initiatives rolled out by the government on Friday, but critics expressed fears the pace and scope of plans would be too slow and narrow. Unveiling a smart city blueprint aimed at improving city management…
2018 likely to be serious year of reckoning for global economy

2018 likely to be serious year of reckoning for global economy

2018 is likely see the world embroiled in slower economic growth, yet higher inflation and interest rates, aka stagflation. A decade of reckless money printing and loan growth, which fuelled unsustainably high debt in all major economies, will finally meet its antidote: higher inflation. It will add to the burden of debt servicing, begetting more…
Bank of China rolls out the red carpet to serve cross border needs of premium customers

Bank of China rolls out the red carpet to serve cross border needs of...

Hongkongers and mainlanders in nine Guangdong cities can enjoy priority cross border banking services under recent initiatives by the city’s second largest bank, which aims to grow its cross-border revenues in the Greater Bay Area by 40 to 50 per cent annually. Bank of China (Hong Kong), the city’s offshoot of Bank of China -…
Three things you can buy with HK$1 – if you’re early enough –at the Brands and Products Expo in Hong Kong

Three things you can buy with HK$1 – if you’re early enough –at the...

For HK$1, early-bird buyers can pick up abalone, dishwashers that go for HK$2,800, or hi-tech toothbrushes that retail at HK$1,600 at the annual Brands and Products Expo in Hong Kong. Organisers are pulling out all the stops to entice consumers at the fair, which opens on Saturday and lasts until January 8. The catch: the…
Hong Kong overhauls city’s stock listing rules to attract biotech, tech companies to raise funds

Hong Kong overhauls city’s stock listing rules to attract biotech, tech companies to raise...

Hong Kong’s stock exchange has unveiled the biggest overhaul in its listing rules and procedures in three decades, in an overture to giant technology companies seeking to raise capital, as the city tries to catch up with New York and Shanghai in the race to be the world’s largest market for initial public offers. The…
Hong Kong overhauls city’s stock listing rules to attract biotech firms, tech giants to raise capital

Hong Kong overhauls city’s stock listing rules to attract biotech firms, tech giants to...

Hong Kong’s stock exchange has unveiled the biggest overhaul in its listing rules and procedures in three decades, in an overture to giant technology companies seeking to raise capital, as the city tries to catch up with New York and Shanghai in the race to be the world’s largest market for initial public offers. The…
Cathay Pacific’s Hong Kong-Washington flight the latest shot in battle for ultra-long-haul supremacy

Cathay Pacific’s Hong Kong-Washington flight the latest shot in battle for ultra-long-haul supremacy

Cathay Pacific Airways’ announcement of new non-stop flights to Washington has thrown it into a wider race to sate the global appetite for ultra-long-haul flying, brought on by newer, more fuel-efficient aeroplanes. The new service, revealed on Wednesday and set to launch next year using Airbus A350 aircraft, will help Hong Kong’s flag carrier bypass…
Dividend bonanza as Li & Fung sells three businesses for US$1.1b

Dividend bonanza as Li & Fung sells three businesses for US$1.1b

Shareholders in the venerable Li & Fung Limited – the multi-faceted Hong Kong trading conglomerate started in 1906 – are set for bumper payouts after the firm announced it is selling its furniture, jumpers and beauty businesses to a consortium for US$1.1 billion, nearly half of which will be paid out as a special dividend…
Hong Kong observation wheel to reopen before Christmas with HK$20 rides locked in for three years

Hong Kong observation wheel to reopen before Christmas with HK$20 rides locked in for...

The observation wheel at Hong Kong’s Central Harbourfront will start turning again just ahead of Christmas, with the new operator pledging there would be no fare hikes in the next three years after drastically reducing entrance fees. From Wednesday, the 60-metre-high attraction will serve passengers for HK$20 each, compared with HK$100 previously, and children under…
Credit cards issued by airlines no guarantee of best mileage conversion rates, consumer watchdog finds

Credit cards issued by airlines no guarantee of best mileage conversion rates, consumer watchdog...

Credit cards issued by airlines do not necessarily guarantee better mileage reward terms than ordinary ones, a Hong Kong watchdog said on Thursday. Surveying 53 cards by 16 companies, the Consumer Council also found overseas purchases generally gained customers more mileage rewards than local spending. The body urged consumers to be aware of cards’ terms…
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