Peggy Sito

Hong Kong

Peggy Sito

Deputy Business Editor

Peggy Sito is the deputy business editor at the Post. She was previously editor on the property desk and has won various news awards from the Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.

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Latest from Peggy Sito

British Chamber of Commerce members building China strategy around special access to Greater Bay Area

The chamber sees Greater Bay Area initiative as an opportunity for Hong Kong to further develop its economic and business roles by leveraging its strengths.

27 Oct 2020 - 9:43PM

The chamber sees Greater Bay Area initiative as an opportunity for Hong Kong to further develop its economic and business roles by leveraging its strengths.

British Chamber of Commerce members building China strategy around special access to Greater Bay Area
Victor Li pushes Husky Energy into US$18 billion merger with rival Canadian oil producer to help end losses from oil slump

CK Hutchison is backing an US$18 billion merger between its unit Husky Energy and Canadian rival Cenovus Energy to help end losses from global oil-market slump.

26 Oct 2020 - 9:37AM

CK Hutchison is backing an US$18 billion merger between its unit Husky Energy and Canadian rival Cenovus Energy to help end losses from global oil-market slump.

Victor Li pushes Husky Energy into US$18 billion merger with rival Canadian oil producer to help end losses from oil slump
Canadian teachers’ pension fund bets on Asia-Pacific data centre growth in 5G era with big investment in Singapore’s Princeton Digital Group

The Ontario Teachers’ Pension Plan Board led a US$360 million investment in Singapore-based data centre company Princeton Digital Group.

20 Oct 2020 - 9:29AM

The Ontario Teachers’ Pension Plan Board led a US$360 million investment in Singapore-based data centre company Princeton Digital Group.

Canadian teachers’ pension fund bets on Asia-Pacific data centre growth in 5G era with big investment in Singapore’s Princeton Digital Group
Plant-based meat maker Impossible launches beef product in 200 grocery stores across Hong Kong and Singapore

US plant-based meat company Impossible Foods on Tuesday launched its beef product – Impossible Beef – across 200 grocery stores in Hong Kong and Singapore, as it steps up market expansion in Asia.

20 Oct 2020 - 8:42PM

US plant-based meat company Impossible Foods on Tuesday launched its beef product – Impossible Beef – across 200 grocery stores in Hong Kong and Singapore, as it steps up market expansion in Asia.

Plant-based meat maker Impossible launches beef product in 200 grocery stores across Hong Kong and Singapore
Hong Kong developer NWD says it will ‘create shared value’, as it takes control of State Theatre Building site

The conservation of the 68-year-old State Theatre in Hong Kong’s North Point district will be the highlight of property company New World Development’s redevelopment plan, according to its executive vice-chairman.

8 Oct 2020 - 10:58PM

The conservation of the 68-year-old State Theatre in Hong Kong’s North Point district will be the highlight of property company New World Development’s redevelopment plan, according to its executive vice-chairman.

Hong Kong developer NWD says it will ‘create shared value’, as it takes control of State Theatre Building site
Explainer | Xinjiang cotton, WROs, Entity List and how blacklisted companies may skirt US sanctions

Chinese firms blacklisted by the US for using forced labour in Xinjiang “vocational training” camps can petition or litigate to fight sanctions. Be prepared for a long and complex process, law firm Mayer Brown says.

25 Sep 2020 - 10:26PM

Chinese firms blacklisted by the US for using forced labour in Xinjiang “vocational training” camps can petition or litigate to fight sanctions. Be prepared for a long and complex process, law firm Mayer Brown says.

Xinjiang cotton, WROs, Entity List and how blacklisted companies may skirt US sanctions
Hang Lung picks up US government’s Hong Kong assets for HK$2.56 billion, a 20 per cent discount to market valuation

“It’s very surprising that the US [government] is willing to sell at this price,” said Vincent Cheung, managing director at Vincorn Consulting and Appraisal.

15 Sep 2020 - 11:55AM

“It’s very surprising that the US [government] is willing to sell at this price,” said Vincent Cheung, managing director at Vincorn Consulting and Appraisal.

Hang Lung picks up US government’s Hong Kong assets for HK$2.56 billion, a 20 per cent discount to market valuation
Fosun Tourism to relaunch Thomas Cook in the UK market soon to get a head start in travel recovery

Hong Kong-listed Fosun Tourism is preparing to give Thomas Cook’s brand a new lease of life to position for a recovery in global travel market, according to people familiar with the plan.

8 Sep 2020 - 11:01PM

Hong Kong-listed Fosun Tourism is preparing to give Thomas Cook’s brand a new lease of life to position for a recovery in global travel market, according to people familiar with the plan.

Fosun Tourism to relaunch Thomas Cook in the UK market soon to get a head start in travel recovery
Hong Kong protein alternatives start-up eyes juicy cut of sector forecast to reach US$630 billion by 2040

Carrie Chan started exploring entrepreneurial opportunities while still working as a property manager at a Hong Kong real estate company in 2010, but the idea for protein alternatives came to her only five years ago, when she became vegan.

17 Aug 2020 - 10:39PM

Carrie Chan started exploring entrepreneurial opportunities while still working as a property manager at a Hong Kong real estate company in 2010, but the idea for protein alternatives came to her only five years ago, when she became vegan.

Hong Kong protein alternatives start-up eyes juicy cut of sector forecast to reach US$630 billion by 2040
Hong Kong brands, long considered to be of higher quality, seek ways of coping with ‘Made in China’ labelling rule

Hong Kong businesses are working on strategies to cope with a new US requirement that all exports from the city be labelled as ‘Made in China’ after September 25.

17 Aug 2020 - 12:03AM

Hong Kong businesses are working on strategies to cope with a new US requirement that all exports from the city be labelled as ‘Made in China’ after September 25.

Hong Kong brands, long considered to be of higher quality, seek ways of coping with ‘Made in China’ labelling rule
Hong Kong’s top developers shun Shouson Hill tender as luxury property becomes ‘hot potato’ amid US-China tensions

Many of Hong Kong’s biggest property tycoons are staying out of a keenly watched property tender by the US government, as the asset has become a “hot potato” amid worsening US-China relations.

12 Aug 2020 - 1:11PM

Many of Hong Kong’s biggest property tycoons are staying out of a keenly watched property tender by the US government, as the asset has become a “hot potato” amid worsening US-China relations.

Hong Kong’s top developers shun Shouson Hill tender as luxury property becomes ‘hot potato’ amid US-China tensions
Chinese companies top global list with biggest rise in climate related revenues, HSBC study shows

An increasing number of Chinese companies have seen revenues from climate exposure rise in recent years, aided by massive government investments in clean energy and other green sectors.

7 Aug 2020 - 3:42PM

An increasing number of Chinese companies have seen revenues from climate exposure rise in recent years, aided by massive government investments in clean energy and other green sectors.

Chinese companies top global list with biggest rise in climate related revenues, HSBC study shows
No chance of recovery for Hong Kong’s stricken retail sector this year, says operator of Sogo department stores

The ‘deeply pessimistic’ view came as Lifestyle International reported a net loss of HK$227 million for the first half, versus profit of HK$1.29 billion a year ago.

4 Aug 2020 - 9:44PM

The ‘deeply pessimistic’ view came as Lifestyle International reported a net loss of HK$227 million for the first half, versus profit of HK$1.29 billion a year ago.

No chance of recovery for Hong Kong’s stricken retail sector this year, says operator of Sogo department stores
Hong Kong power utility CLP returns to profitability in the first half but warns of uncertain outlook due to Covid-19

CLP Holdings posts a net profit of US$775.4 million for the first half ended June, but the blue chip utility’s chairman said the outlook remains highly uncertain.

3 Aug 2020 - 10:59PM

CLP Holdings posts a net profit of US$775.4 million for the first half ended June, but the blue chip utility’s chairman said the outlook remains highly uncertain.

Hong Kong power utility CLP returns to profitability in the first half but warns of uncertain outlook due to Covid-19
Chow Tai Fook foundation plans to support more underprivileged women in Hong Kong as recession bites

The charity of Hong Kong’s third richest family is hoping to do more for underprivileged women in Hong Kong, where more of them are receiving social welfare benefits to survive.

2 Aug 2020 - 8:43PM

The charity of Hong Kong’s third richest family is hoping to do more for underprivileged women in Hong Kong, where more of them are receiving social welfare benefits to survive.

Chow Tai Fook foundation plans to support more underprivileged women in Hong Kong as recession bites
Telemedicine is the big health care game changer to emerge from the coronavirus pandemic, say experts

The concept, in which patients interact with a doctor by phone or video, must be used sensibly, in tandem with traditional offline health care, say panellists on a webinar.

31 Jul 2020 - 7:00AM

The concept, in which patients interact with a doctor by phone or video, must be used sensibly, in tandem with traditional offline health care, say panellists on a webinar.

Telemedicine is the big health care game changer to emerge from the coronavirus pandemic, say experts
Global investors plough into Asian logistics properties as demand for online delivery food surges amid Covid-19 crisis

Institutional investors, insurance giants and sovereign wealth funds are rapidly increasing their investments in logistics properties in China and the wider region as an e-commerce boom spurs demand for storage facilities.

28 Jul 2020 - 6:59PM

Institutional investors, insurance giants and sovereign wealth funds are rapidly increasing their investments in logistics properties in China and the wider region as an e-commerce boom spurs demand for storage facilities.

Global investors plough into Asian logistics properties as demand for online delivery food surges amid Covid-19 crisis
Esquel Group, garment supplier to Tommy Hilfiger and Nike, says it’s seeking to overturn US sanction on its Xinjiang plant

Esquel Group, which produces more than 100 million garments annually, about a third of them shipped to its US clients, wrote to US Commerce Secretary Wilbur Ross to appeal the decision by his office to put it on a sanctions list, allegedly for hiring forced labour in Xinjiang.

21 Jul 2020 - 10:55PM

Esquel Group, which produces more than 100 million garments annually, about a third of them shipped to its US clients, wrote to US Commerce Secretary Wilbur Ross to appeal the decision by his office to put it on a sanctions list, allegedly for hiring forced labour in Xinjiang.

Esquel Group, garment supplier to Tommy Hilfiger and Nike, says it’s seeking to overturn US sanction on its Xinjiang plant
Hong Kong textile giant Esquel, supplier of Nike and Hilfiger, suspends operations at spinning mill as new coronavirus cases spark lockdown of Xinjiang’s capital

Esquel, one of the world’s largest cotton shirt makers, is closing a spinning mill in Urumqi temporarily as the city in western China goes into lockdown amid a return of coronavirus.

17 Jul 2020 - 6:58PM

Esquel, one of the world’s largest cotton shirt makers, is closing a spinning mill in Urumqi temporarily as the city in western China goes into lockdown amid a return of coronavirus.

Hong Kong textile giant Esquel, supplier of Nike and Hilfiger, suspends operations at spinning mill as new coronavirus cases spark lockdown of Xinjiang’s capital
Hong Kong textile firm Esquel to keep its Xinjiang factories open despite US sanctions threat over ‘forced labour’ accusations

Esquel is one of six companies singled out in US draft legislation regarding forced labour in Xinjiang, alongside prominent customers Calvin Klein, Nike and Tommy Hilfiger.

13 Jul 2020 - 5:50PM

Esquel is one of six companies singled out in US draft legislation regarding forced labour in Xinjiang, alongside prominent customers Calvin Klein, Nike and Tommy Hilfiger.

Hong Kong textile firm Esquel to keep its Xinjiang factories open despite US sanctions threat over ‘forced labour’ accusations
Cathay Pacific averts financial collapse with distress call to tap the HK$4 trillion war chest of Hong Kong’s financial tsar

Hong Kong's flag carrier stitched together a bailout plan in time to avert a collapse and ensure the city's future as an aviation and financial hub.

11 Jul 2020 - 1:00PM

Hong Kong's flag carrier stitched together a bailout plan in time to avert a collapse and ensure the city's future as an aviation and financial hub.

Cathay Pacific averts financial collapse with distress call to tap the HK$4 trillion war chest of Hong Kong’s financial tsar
Hong Kong glass firm Biel, supplier to Apple and Samsung, revives US$2.5 billion IPO plan, expects surge in demand for 5G devices

Biel Crystal Manufactory, whose touch-screen cover glass is used in one out of every two smartphones sold globally, has revived plans for an IPO and aims to raise between US$2 billion and US$2.5 billion in Hong Kong or mainland China next year.

10 Jul 2020 - 10:13PM

Biel Crystal Manufactory, whose touch-screen cover glass is used in one out of every two smartphones sold globally, has revived plans for an IPO and aims to raise between US$2 billion and US$2.5 billion in Hong Kong or mainland China next year.

Hong Kong glass firm Biel, supplier to Apple and Samsung, revives US$2.5 billion IPO plan, expects surge in demand for 5G devices
Beyond Meat gets an edge in China as its meatless burgers become first in grocery stores

It’s a big coup for Beyond Meat because none of its meatless rivals battling for Chinese stomachs has broken into grocery chains yet. It gives Beyond Meat an edge – at least for now – in the fierce meatless battle under way in China that has up to now been limited to a few fast-food restaurants and e-commerce sites.

6 Jul 2020 - 3:17PM

It’s a big coup for Beyond Meat because none of its meatless rivals battling for Chinese stomachs has broken into grocery chains yet. It gives Beyond Meat an edge – at least for now – in the fierce meatless battle under way in China that has up to now been limited to a few fast-food restaurants and e-commerce sites.

Beyond Meat gets an edge in China as its meatless burgers become first in grocery stores
Kingold Jewelry secures US$2.8 billion in loans with gilded copper bars, in latest fraud that embarrasses China, irks US

The Nasdaq-listed jewellery maker allegedly used 83 tonnes of fake gold bars as loan collateral in the latest scandal to fuel a recent drive by US politicians to expel Chinese companies from Wall Street.

30 Jun 2020 - 11:04PM

The Nasdaq-listed jewellery maker allegedly used 83 tonnes of fake gold bars as loan collateral in the latest scandal to fuel a recent drive by US politicians to expel Chinese companies from Wall Street.

Kingold Jewelry secures US$2.8 billion in loans with gilded copper bars, in latest fraud that embarrasses China, irks US
Institutional investors hunt for Japanese property bargains as coronavirus tips the country into economic recession

Sentiment in Japan’s real estate sector remains positive, with investors hoping bargains will emerge as hoteliers and other owners sell off cheap to raise much-needed cash.

30 Jun 2020 - 8:00PM

Sentiment in Japan’s real estate sector remains positive, with investors hoping bargains will emerge as hoteliers and other owners sell off cheap to raise much-needed cash.

Institutional investors hunt for  Japanese property bargains as coronavirus tips the country into economic recession
Hong Kong real estate fund stumbles as trade war, coronavirus tip Shanghai commercial property into bear market

The US-China trade war and Covid-19 have exposed rare distress at a US$7.7 billion Hong Kong-based real estate fund, offering a cautionary tale for investors in China’s property market.

26 Jun 2020 - 11:03PM

The US-China trade war and Covid-19 have exposed rare distress at a US$7.7 billion Hong Kong-based real estate fund, offering a cautionary tale for investors in China’s property market.

Hong Kong real estate fund stumbles as trade war, coronavirus tip Shanghai commercial property into bear market
Shanghai’s logistics industry revels in chaotic boom as rates soar, ‘dreads’ the arrival of coronavirus vaccine

The coronavirus pandemic foments a fourfold jump in air freight rates and a US$17.7 billion rally in a medical ventilator company. Shanghai’s logistics industry is revelling in the chaotic boom.

7 Jun 2020 - 10:34PM

The coronavirus pandemic foments a fourfold jump in air freight rates and a US$17.7 billion rally in a medical ventilator company. Shanghai’s logistics industry is revelling in the chaotic boom.

Shanghai’s logistics industry revels in chaotic boom as rates soar, ‘dreads’ the arrival of coronavirus vaccine
US government invites bids on six multibillion-dollar Hong Kong mansions, even as White House revokes city’s trade status

The estimated price of the entire project is less than the HK$5.93 billion fetched in June 2018 at a neighbouring site of a comparable size, according to the tender document.

30 May 2020 - 11:34PM

The estimated price of the entire project is less than the HK$5.93 billion fetched in June 2018 at a neighbouring site of a comparable size, according to the tender document.

US government invites bids on six multibillion-dollar Hong Kong mansions, even as White House revokes city’s trade status
Pansy Ho steps into the spotlight as de facto head and uniter of the sprawling clan after the passing of the King of Gambling

Pansy is the eldest child of Ho’s second wife, the fifth out of 16 children in the extended clan, and described by the late magnate as the child who is most like him in personality.

2 Jun 2020 - 5:34PM

Pansy is the eldest child of Ho’s second wife, the fifth out of 16 children in the extended clan, and described by the late magnate as the child who is most like him in personality.

Pansy Ho steps into the spotlight as de facto head and uniter of the sprawling clan after the passing of the King of Gambling
Stanley Ho, patriarch of Asia’s largest casino empire and the ‘King of Gambling’ for more than half a century, dies at 98

Ho leaves behind a gambling empire that contributed to as much as half of the tax receipts earned by the Macau government, a heft that made him the first living Macanese to have an avenue in the territory named after him.

29 May 2020 - 5:53PM

Ho leaves behind a gambling empire that contributed to as much as half of the tax receipts earned by the Macau government, a heft that made him the first living Macanese to have an avenue in the territory named after him.

Stanley Ho, patriarch of Asia’s largest casino empire and the ‘King of Gambling’ for more than half a century, dies at 98