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Hong Kong Remains Most Expensive Location In Asia For Business Travel

Singapore is now the second most expensive location in the region and the average daily cost of a business trip, at USD 515, is now only slightly cheaper than Hong Kong

Amid Covid Restrictions, Hong Kong Loses Top Spot For Luxury Shopping To New York

BW Online Bureau

World

Hong Kong is in a slump due to some of the world's strictest Covid measures and a closed border with mainland China, which have reduced the number of visitors

Hong Kong To Allow In Foreign Domestic Workers

BW Online Bureau

Companies & Markets

Flights have been banned from both countries because they were considered high-risk for the coronavirus; under current arrangements, only fully-vaccinated Hong Kong residents from high-risk countries are allowed to enter the city.

Situation In Hong Kong Deteriorating: US President Biden

BW Online Bureau

Economy

Congressman Mike Gallagher had introduced the resolution ahead of the CCP’s centenary on July 1, and has called on Speaker Nany Pelosi to bring the bipartisan resolution to the House floor for a vote.

Indians Looking To Travel In Newer Ways; Explore Nature Getaways, Offbeat Locations: Survey

BW Online Bureau

Companies & Markets

The survey showed that 43 per cent would expect or plan to travel in the year, and 66 per cent would consider trips that are within driving distance.

Choksi Siphoned Off Rs 6,345 Crore PNB Loan Through Hong Kong Firms Controlled By Him: CBI

BW Online Bureau

Economy India

The businessman had availed LOUs and FLCs worth over Rs 6,345 crore from Punjab National Bank showing purchase of fresh water pearls from these companies.

China Asks Alibaba To Dispose Of Media Assets - WSJ

BW Online Bureau

Companies & Markets Sector Reports

The company, whose mainstay business is online retail, has stakes in the Twitter-like Weibo platform and several news outlets including Hong Kong's South China Morning Post.

China's Antitrust Regulators Weigh Levying Record Fine On Alibaba - WSJ

BW Online Bureau

Companies & Markets Sector Reports

Alibaba's Hong Kong shares climbed 1.7% on Friday morning, after its New York shares gained 2.8% overnight amid a broad stock market rally.

China's Baidu To Sell Around 4% Of Shares In HK Listing

BW Online Bureau

Companies & Markets Sector Reports

Baidu shares, listed on the Nasdaq have risen 18.1% so far this year to the current price of $255.14. The peak in 2021 was $339.91 on Feb. 19.

Cathay Pacific Posts Record $2.8 Billion Annual Loss, Focuses On Preserving Cash

BW Online Bureau

Economy Policy Aviation

Cathay's passenger numbers fell by 98.7% compared with a year earlier, though cargo carriage was down by a smaller 32.3%.

Hong Kong Dropped From Economic Freedom Index As Policies 'Controlled From Beijing'

BW Online Bureau

Companies & Markets

Developments in Hong Kong or Macau that are relevant to economic freedom would be considered in the context of China's evaluation in the index, it added. China slipped to 107 from 103, among the list of 178 countries.

Top Glove Bets On Pandemic Boom To Propel Ambitious $1.9 Billion HK Listing

BW Online Bureau

Health

Top Glove's sales benefited greatly from the COVID-19 pandemic but the company also suffered an outbreak causing 5,000 infections, one death and rebuke from investors including BlackRock Inc.

Malaysia's Top Glove Plans To Raise $1.9 Billion Through Hong Kong Listing

BW Online Bureau

Health

The Kuala Lumpur-listed company floated the idea to seek a listing on the Hong Kong stock exchange in September, after its profit soared more than 17-times for the quarter ended August last year.