Ex-ICAC head to face lawmakers over spending

Timothy Tong Hin-ming, former ICAC chief and current  CPPCC member, will  attend a public accounts committee hearing on Saturday.  Photo: Sam Tsang

The former ICAC head will face legislators’ questions later this week over his allegedly lavish spending on meals and entertainments during his tenure.

Tuesday, 14 May, 2013, 2:35pm 2 comments

Bureaus won't provide details of spending on gifts

Raymond Tam Chi-yuen. Photo: K.Y. Cheng

The government has came under fire for withholding information about principal officials' expenditures on gifts and treats for mainland officials, which critics said only made monitoring of the use of public funds more difficult.

4 May 2013 - 5:51am

Advertising spending in Hong Kong to see modest gains this year

The influx of mainlanders will drive advertising spending.

That conservative outlook was revealed in the latest survey, conducted by the Hong Kong Advertising Association and market-measurement firm Nielsen between December last year and early this month, on spending projections of about 100 key advertising and marketing executives.

28 Feb 2013 - 5:20am

Big spender's guide to Hong Kong

Pamela Ho Sau-ying, her husband Felix Kwok and their daughter Vanessa. Photo: K.Y. Cheng

Everyone knows Hong Kong is an expensive town. But you might be surprised by the total costs for even generic expenditure, such as owning a dog. The cost of owning a car or raising a child takes things to another, stratospheric, level altogether. The following is not for the timid. Money is earned and it must be spent.

25 Feb 2013 - 2:14am

Furnishing advice

Going directly to the source and buying furniture on the mainland may be your best bet for bargains. Photo: Xinhua

Whether you're constantly moving flats due to soaring rent or you've finally coughed up your life savings on that perfect property, outfitting with suitable furniture is tricky. Ikea and Pricerite goods don't last, and you can't afford high-end brands. So where do you start?

25 Feb 2013 - 2:14am

EU agrees multi-year budget

European Council President Van Rompuy addresses a news conference after an EU leaders summit in Brussels. Photo: Reuters

EU leaders finally reached a seven-year budget accord Friday after marathon talks driven by sharp differences over the bloc’s priorities for the rest of the decade.

9 Feb 2013 - 6:02am

China railways fast-tracks massive 124 billion yuan in December

A planned high-speed railway between Nanning and Guangzhou will reduce travel time from 11 hours to three hours later this year, according to a World Bank report. Photo: AP

The mainland massively accelerated its rail spending in December, enabling the nation to meet its ambitious target of 630 billion yuan (HK$778 billion) of capital expenditure on railways last year.

23 Jan 2013 - 3:55am

Champagne tastes on a lemonade budget

Jack Yau opened ABC Kitchen in a cooked food market to keep his prices down.

Hong Kong is one of Asia's dining capitals, but those regular high-end meals are starting to burn a permanent hole in your wallet. While you're aware of reasonable lunch sets, the cheque often still outweighs the quality. So where should you go for delectable, but reasonably priced, meals?

21 Jan 2013 - 4:03am

Hong Kong consumers expected to spend less on shopping this holiday season

Shoppers outside the Harbour City shopping mall in Tsim Sha Tsui. Photo: Xinhua

Retailers anticipating big sales this holiday season should instead expect “conservative spending”, according to a survey released on Wednesday by the Hong Kong Research Association.

19 Dec 2012 - 5:08pm

Chinese travellers wooed to spend big at European airport

Mainland Chinese travellers spent US$73 billion last year, up 32 per cent from 2010, with growth running at similar levels this year.

Not only is personal shopper Wassim Hussein clearly not a German native, his fluency in Mandarin allows him to expertly guide mainland Chinese shoppers around the airport’s duty free aisles making sure their shopping wish lists are fulfilled.

6 Dec 2012 - 11:46am

Retailers take a pounding as mainland visitors rein in spending

Visitors have cut their spending.

Retailers are raising red flags over slow retail sales growth in Hong Kong, saying the industry has suffered poor growth in summer and may now be enduring the worst National Day "golden week" so far.

According to Census and Statistics Department figures, sales in August rose just 4.5 per cent in value year on year to HK$35.8 billion, while sales volume rose 3.2 per cent.

5 Oct 2012 - 2:15am

Hairstyles of the rich and famous

Kim Robinson highlights his haircuts' value. Photo: Carmen Chan

We have a new contender for Hong Kong's biggest and most outrageously expensive steak.

Morton's in the Sheraton Hotel on Nathan Road, boasts a 24-ounce porterhouse for HK$748, with a 48-ounce double porterhouse for HK$1,496. That's nearly a kilo and a half of meat for just two people.

1 Oct 2012 - 1:35am

Hongkongers cut spending on luxury goods amid bleak mainland outlook

There will still be growth in the luxury market, but the momentum will be downward as people don't want to spend amid the weak outlook on the mainland. Photo: Jonathan Wong

Hong Kong consumers plan to cut back spending on luxury goods in the next 12 months in the face of a bleak outlook for the mainland economy, a survey shows.

About 2,000 people who had bought luxury items in the past 12 months, 15 per cent of whom live in Hong Kong and the rest are from first-, second- and third-tier cities on the mainland, were polled in June.

7 Sep 2012 - 3:29am