Hong Kong closures signal Gome retreat

Gome Hong Kong has struggled to make a profit in the city and will close its six shop within two months. It will focus on wholesaling in the future. Photo: David Wong

Gome Electrical Appliances' decision to close its Hong Kong operations signals a temporary halt to its overseas expansion plans, which have been losing momentum since its founder Wong Kwong-yu was jailed four years ago.

Tuesday, 22 January, 2013, 4:12am

Restaurants hit by soaring Hong Kong rents

Sato Naoyuki, at his Naozen restaurant. Photo: David Wong

A word to the wise: restaurant operators had better own their properties or they risk being at the mercy of their landlord.

Naozen, a well-known Japanese eatery in Central that is partly owned by chef Naoyuki Sato, closed last Saturday after the landlord decided to lease the property to a telecommunications company at a monthly rent of about HK$1 million.

23 Oct 2012 - 4:19am 1 comment

Toyota to shut Tianjin car factory for one week

Toyota made 500,000 cars in Tianjin last year. Photo: Reuters

Toyota Motor Corp will shut its production lines in Tianjin for a week, after a drop in sales of Japanese cars triggered by the diplomatic row between China and Japan.

The world's largest carmaker decided to close the factory, which is a joint venture with First Automobile Works, better known as FAW, from October 22 through October 28, Japan's Nikkei newspaper said yesterday.

17 Oct 2012 - 2:23pm

DBC on brink of closing unless founders Albert Cheng and Bill Wong can strike deal

The Digital Broadcasting Corporation will today begin a 100-hour countdown to closure - unless shareholders agree a last-ditch deal for a change of ownership

The broadcaster's co-founder, Albert Cheng King-hon, said yesterday that he had made a formal proposal to major shareholder Bill Wong Cho-bau that would see Cheng buy Wong's stake at a 50 per cent discount, or vice versa.

8 May 2015 - 9:30am

Realities of competition mean only the smart survive

Hong Kong's school system, like the economy, is going through a painful period of adjustment. With the population of six to 11-year-olds projected to decline by 82,600 - or 17 per cent - by 2010, schools are fighting for survival.

30 Mar 2004 - 12:00am

Police HQ getting special treatment

I am concerned about the special privileges accorded to the Hong Kong Police Force during reconstruction work on its headquarters in Arsenal Street.

The section of Arsenal Street adjacent to the construction site is closed to traffic every night from 10.30pm to 5.30am and then from 10.30pm on Saturday until early Monday morning.

7 Nov 2002 - 12:00am

Kingdom closure 'disappointing'

The decision to close Ocean Park's Middle Kingdom a week earlier than announced caused confusion and disappointment among tourists yesterday.

Almost the whole of the attraction - other than the restaurant and its Chinese acrobatic show - was closed to tourists.

3 Mar 2001 - 12:00am

Road hotline

A 24-hour trilingual hotline on road closures will open tomorrow on 2802 2311.

30 Jun 1998 - 12:00am

Unclog the bottleneck

OF all the pointless, bureaucratic irritants besetting the China trade, the night-time closure of the border has long been among the most costly. The closures contribute to the long queues waiting for customs clearance, and prevent truckers from taking advantage of quieter night-time traffic to take some pressure off the territory's overcrowded roads.

16 Sep 1994 - 12:00am