Thirteen years after statutory minimum wage introduced, a new formula that bars any rate cuts in future has been approved.
The number of Hongkongers with negative-equity loans stood at 32,073 in the first quarter of the year, tripling from the previous quarter and the most since some 40,000 cases were recorded in the first quarter of 2004.
Airport Authority chairman Jack So will hand over reins to the body’s CEO, Fred Lam.
Police and Department of Health mount joint operation in Yau Tsim Mong district, arresting trio, aged between 29 and 33, for alleged illegal sale of medicinal products.
Hong Kong SMEs’ confidence in the second-quarter business outlook has improved slightly, but it remains well below the year-earlier level when confidence soared on the back of border reopening, survey shows.
Concerns raised after two cinemas shut in about a week, with some residents flagging ‘wave of shop closures’ given empty stores on the streets.
Hong Kong stocks emerged as the best-performing key market globally in April, after funds sought bargains by shifting out of expensive US and Japanese equities and as China’s growth shows more signs of stabilising.
Executive Council also accepted a proposal to review the minimum wage annually, rather than once every two years.
Quinn said it was the ‘right time’ to look for a better work-life balance as the lender’s net profit slipped 1 per cent from a year ago to US$10.2 billion, surpassing the US$9.24 billion profit expected by analysts polled by Bloomberg.
Outstanding researchers in Beijing and Shanghai among those set to benefit from policies announced on Sunday by National Immigration Administration.
Hongkongers are less willing to buy homes amid price increases at new launches by developers, analysts said after Great Eagle Holdings announced a new higher price list for another 150 units at its Onmantin project on Monday.
Proponents say formula provides ‘objective data’ in determining wage levels, but one economist has warned the measure could trap the city in a wage-price spiral.
Louis Vuitton is returning to Times Square, three years after the French luxury brand shut its store, a sign of a brighter outlook for Hong Kong’s luxury retail market.
According to a source close to the city’s Minimum Wage Commission, the existing HK$40 hourly rate is set to increase by HK$1.80.
Predictions restaurant trade will suffer from golden week double whammy despite an estimated 800,000 tourist arrivals from across the border.
Buoyed by the brisk sales of flats following the removal of Hong Kong’s property cooling measures, the city’s developers have this year launched 4,800 new units as of last week, a seven-year high.
TVB has leased a channel to a satellite television firm, allowing it to broadcast content without the need to go through the complicated process of applying for a free-to-air licence.
Xinhua reports vehicle flow reached 3.26 million on mega bridge last year, after government-funded Voice of America referred to it as ‘ghost’ crossing in recent article.
Episode Six, or E6, a global provider of payment processing and digital ledger infrastructure for banks and financial institutions, plans to expand its footprint in Hong Kong this year.
Finance chief Paul Chan vows to pursue new opportunities for economic growth, with local spending set for boost through mega events in coming months.
Financial Secretary Paul Chan says Hong Kong may face a higher interest rate environment for longer.