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  1. HK has second most expensive retail rents

    Posted Nov 21st 2008, 12:00am by Yvonne Liu

    ... Avenue remains the world's most expensive retail destination, with rental values reaching US$2,200 per square foot. The demand in the retail market comes from luxury brands and retailers ... Yvonne Liu Retail rents in Hong Kong have overtaken those of Moscow, making the city the second most expensive in the world for shopowners, according to the latest global retail rents ...

  2. Stricter rules on expenses likely

    Posted Jun 03rd 2008, 12:00am by Staff Reporter

    ... agreed to the revisions. 'I do not claim the full expenses on rental, only half of it,' said Mr Razack, who claims about HK$12,000 a month on rent for his office in Central. ... Ng Kang-chung Legislators may face stricter rules on expenses claims for office rent and staff wages after a proposal received initial approval. At yesterday's Legislative Council ...

  3. Central tops Asia-Pacific as most expensive shopping district

    Posted May 17th 2008, 12:00am by Yvonne Liu

    ... Yvonne Liu Hong Kong has maintained its ranking as the city with the most expensive shopping district in the Asia-Pacific region, thanks to an influx of international luxury brands vying ... Causeway Bay, the city's traditional retail hub, was ranked as the most expensive shopping district in the region. Streetfront retail rents in Central reached US$775 (HK$6,045) per square foot ...

  4. The moral dilemma of the little red packets

    Posted Nov 26th 2008, 12:00am by Chloe Lai

    ... for the journalists' travel expenses. The payment is justified as a transport subsidy. In reality, it is given to ensure attendance and coverage- positive coverage if possible. Most mainland media outlets ...

  5. Beijing Airport may see rent returned

    Posted Sep 30th 2008, 12:00am by Charlotte So

    ... and retrieve rental expenses in previous months. The airport saw its rental expenses surge more than 10 times to 586 million yuan in the first half. The company has been operating the terminal since ... lower than the rental expenses, he said. 'We are still confident that the government will approve the transaction by [year-end],' company secretary Shu Rong said yesterday. 'But ...

  6. NETs petition for allowance rise up to 31pc

    Posted May 24th 2008, 12:00am by Liz Gooch

    ... the allowance to HK$18,000. Teachers currently receive HK$12,950 to help cover rental expenses but the Native English-speaking Teachers' Association (Nesta) is negotiating with the Education Bureau ... cent to HK$14,000. But he said this did not reflect the true increase in the rental market and was not based on the index recommended by the government's Rating and Valuation Department. ...

  7. Lawmaker's ads challenged in court

    Posted Nov 13th 2008, 12:00am by Staff Reporter

    ... to run his programmes cost more than HK$540,000, and that the production cost of the programmes would amount to HK$800,000. The maximum amount of election expenses allowed for the IT functional constituency is HK$336,000 under the Maximum Amount of Election Expenses (Legislative Council) Regulation. Mr Tam has reported his total election expenditure as HK$187,129.13 to the Electoral ...

  8. Supply surge seen hitting grade A office rents

    Posted Jan 08th 2008, 12:00am by Nathan Zhang

    ... Fulton Mak and Nathan Zhang Property consultancy Colliers International has forecast a slackening in rental growth at Hong Kong's grade A office premises and a widening gap in rental rates between core and non-core areas as supply increases. Meanwhile, a survey by fellow consultancy DTZ found Hong Kong to be the second-most expensive business location in the world after ...

  9. Great Eagle profit surges 21pc on higher rents

    Posted Sep 17th 2008, 12:00am by Staff Reporter

    ... growth in net rental income to HK$240.6 million on improved expense ratios and higher occupancy. Operating profit of the hotel business slumped 82 per cent to HK$54.38 million on a slower global economy, renovation works and rebranding expenses. Including revaluation gains from investment properties, net profit fell 78.8 per cent to HK$129.9 million from HK$613.8 million. Turnover rose 22 ...

  10. Midland to slash costs after interim profit dives

    Posted Sep 19th 2008, 12:00am by Sandy Li

    ... the initiative to lower labour, materials and financial costs. It would also strictly monitor marketing and administrative expenses to improve cost efficiency for staff and value for shareholders. 'Some branches may be relocated from high rental premises to less expensive properties in the same neighbourhood, thus achieving substantial savings on respective branches' rental ...




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