Ryan Swift

Hong Kong

Ryan Swift

Senior reporter, Business 

Ryan Swift is a senior business reporter focused on wealth management, green business, the shipping industry and the gaming industry. He was chief editor of The Peak and Asia-Pacific Boating magazines.

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Latest from Ryan Swift

Executive pay so far rarely on the chopping block even as Hong Kong reels from coronavirus

Just 15 per cent of companies surveyed in Hong Kong reported that their executives saw their base pay cut amid the coronavirus. Those that did, saw an average 20 per cent to 30 per cent reduction.

27 Apr 2020 - 9:49PM

Just 15 per cent of companies surveyed in Hong Kong reported that their executives saw their base pay cut amid the coronavirus. Those that did, saw an average 20 per cent to 30 per cent reduction.

Executive pay so far rarely on the chopping block even as Hong Kong reels from coronavirus
Impossible Foods, Beyond Meat eye bigger cut of Covid-19 driven growth in Asia’s plant-based foods segment

The battle for market share in Asia’s meatless meat sector is heating up, even amid an economic slowdown driven by Covid-19 lockdowns, which have badly affected the restaurant industry.

27 Apr 2020 - 9:42AM

The battle for market share in Asia’s meatless meat sector is heating up, even amid an economic slowdown driven by Covid-19 lockdowns, which have badly affected the restaurant industry.

Impossible Foods, Beyond Meat eye bigger cut of Covid-19 driven growth in Asia’s plant-based foods segment
Global pension funds raise bets on South Korea logistics assets as pandemic spurs next wave of e-commerce transactions

Some of the world’s biggest pension funds are preparing to plough more money into logistics assets in South Korea as the coronavirus pandemic spurs the next wave of e-commerce transactions.

23 Apr 2020 - 3:18PM

Some of the world’s biggest pension funds are preparing to plough more money into logistics assets in South Korea as the coronavirus pandemic spurs the next wave of e-commerce transactions.

Global pension funds raise bets on South Korea logistics assets as pandemic spurs next wave of e-commerce transactions
China’s industrial recovery offers Hong Kong’s shippers sanctuary in rough seas

Mainland China has emerged a bright spot in the global dry bulk shipping sector, news that will be welcomed by Hong Kong shipowners, who own a large number of such vessels.

22 Apr 2020 - 10:53PM

Mainland China has emerged a bright spot in the global dry bulk shipping sector, news that will be welcomed by Hong Kong shipowners, who own a large number of such vessels.

China’s industrial recovery offers Hong Kong’s shippers sanctuary in rough seas
Hong Kong SMEs expect little relief from government’s HK$1 trillion Covid-19 funding support

Four in every 10 small and medium enterprises (SMEs), which employ about 45 per cent of non-government employees in Hong Kong, also expect their earnings to plunge by 75 per cent over the next year, according to a survey.

17 Apr 2020 - 4:31PM

Four in every 10 small and medium enterprises (SMEs), which employ about 45 per cent of non-government employees in Hong Kong, also expect their earnings to plunge by 75 per cent over the next year, according to a survey.

Hong Kong SMEs expect little relief from government’s HK$1 trillion Covid-19 funding support
Cyber threats are rising as hackers exploit coronavirus fears and work-from-home trend, experts warn

Cyber threats are growing amid the coronavirus pandemic, with online security experts warning that consumers and organisations are becoming easy targets.

14 Apr 2020 - 12:00PM

Cyber threats are growing amid the coronavirus pandemic, with online security experts warning that consumers and organisations are becoming easy targets.

Cyber threats are rising as hackers exploit coronavirus fears and work-from-home trend, experts warn
Container shipping lines cancel hundreds of sailings to stem losses as Covid-19 pandemic hits global trade

The number of blanked sailings jumped last week from 45 to 212, with the largest withdrawal of capacity on Asia-Europe routes, according to Sea-Intelligence.

10 Apr 2020 - 12:18PM

The number of blanked sailings jumped last week from 45 to 212, with the largest withdrawal of capacity on Asia-Europe routes, according to Sea-Intelligence.

Container shipping lines cancel hundreds of sailings to stem losses as Covid-19 pandemic hits global trade
Oil glut fuels demand for crude tankers as storage in boon for charter rates and Hong Kong shipowners

Oil producers and traders are turning crude tankers into floating storage while waiting for prices to rebound, offering a surprise lift to fleet owners amid a slump in the shipping industry.

7 Apr 2020 - 11:05PM

Oil producers and traders are turning crude tankers into floating storage while waiting for prices to rebound, offering a surprise lift to fleet owners amid a slump in the shipping industry.

Oil glut fuels demand for crude tankers as storage in boon for charter rates and Hong Kong shipowners
Zoom founder sees wealth skyrocket amid broad coronavirus-led market declines: Hurun Report

Eric Yuan, the US-based founder of Zoom, the video conferencing software company, has seen his net worth skyrocket by US$3.5 billion – or 77 per cent – to US$8 billion over the past two months.

6 Apr 2020 - 10:43PM

Eric Yuan, the US-based founder of Zoom, the video conferencing software company, has seen his net worth skyrocket by US$3.5 billion – or 77 per cent – to US$8 billion over the past two months.

Zoom founder sees wealth skyrocket amid broad coronavirus-led market declines: Hurun Report
Global cruise ship fleets lose US$4 billion in value as coronavirus pandemic idles industry, halving the number of vessels at sea

A total of 483 vessels were collectively valued at just over US$167 billion in the first quarter, according to a report by VesselsValue.

5 Apr 2020 - 10:03PM

A total of 483 vessels were collectively valued at just over US$167 billion in the first quarter, according to a report by VesselsValue.

Global cruise ship fleets lose US$4 billion in value as coronavirus pandemic idles industry, halving the number of vessels at sea
Troubles mount for global shipping lines as seafarers are in short supply amid coronavirus travel and quarantine restrictions

The International Chamber of Shipping has been lobbying the United Nations to classify 2 million seafarers globally as ‘key’ or ‘essential’ workers

30 Mar 2020 - 10:48PM

The International Chamber of Shipping has been lobbying the United Nations to classify 2 million seafarers globally as ‘key’ or ‘essential’ workers

Troubles mount for global shipping lines as seafarers are in short supply amid coronavirus travel and quarantine restrictions
Online education sector could be among biggest beneficiaries of Covid-19, may be worth US$61 billion in China this year

Online education and educational technology companies could be among the biggest beneficiaries of the Covid-19 pandemic, schools across China and the rest of the world shut, forcing children to stay and learn from home.

26 Mar 2020 - 10:37PM

Online education and educational technology companies could be among the biggest beneficiaries of the Covid-19 pandemic, schools across China and the rest of the world shut, forcing children to stay and learn from home.

Online education sector could be among biggest beneficiaries of Covid-19, may be worth US$61 billion in China this year
Shipping industry in choppy waters as coronavirus evokes 2016 slump and Hanjin bankruptcy

The shipping industry will remain under pressure in 2020 as freight rates and profits in the container and dry bulk sectors slide amid recession concerns.

23 Mar 2020 - 11:26PM

The shipping industry will remain under pressure in 2020 as freight rates and profits in the container and dry bulk sectors slide amid recession concerns.

Shipping industry in choppy waters as coronavirus evokes 2016 slump and Hanjin bankruptcy
Hong Kong-listed ESR Cayman posts revenue rise, says e-commerce logistics property to grow thanks to pandemic

E-commerce will continue to grow in the Asia-Pacific region, accelerated by the Covid-19 outbreak, Hong Kong-listed logistics warehouses and industrial real-estate operator ESR Cayman said on Monday.

23 Mar 2020 - 9:32PM

E-commerce will continue to grow in the Asia-Pacific region, accelerated by the Covid-19 outbreak, Hong Kong-listed logistics warehouses and industrial real-estate operator ESR Cayman said on Monday.

Hong Kong-listed ESR Cayman posts revenue rise, says e-commerce logistics property to grow thanks to pandemic
Hong Kong art dealers, decimated by months of protests and coronavirus, turn to the internet to find buyers

Art dealers and galleries employ digital tools to boost sagging fortunes of the once vibrant art market, with one dealer saying ‘this is the way forward’

17 Mar 2020 - 11:48AM

Art dealers and galleries employ digital tools to boost sagging fortunes of the once vibrant art market, with one dealer saying ‘this is the way forward’

Hong Kong art dealers, decimated by months of protests and coronavirus, turn to the internet to find buyers
Singapore bars cruise vessels from port, dealing blow to industry as shares of operators slump to multi-year lows

Singapore’s decision to bar cruise ships from the city – the busiest port in Asia last year – is dealing a body blow to the industry as shares of operators slumped to multi-year lows.

13 Mar 2020 - 9:22PM

Singapore’s decision to bar cruise ships from the city – the busiest port in Asia last year – is dealing a body blow to the industry as shares of operators slumped to multi-year lows.

Singapore bars cruise vessels from port, dealing blow to industry as shares of operators slump to multi-year lows
Shipping rates show signs of a recovery in demand as China’s economy and factories reboot from coronavirus lockdown

Freight rates for dry bulk and crude oil have begun to show early signs of recovery as factories in China resume production after the coronavirus outbreak. Container cargo shipping lines may have to wait longer for a rebound.

10 Mar 2020 - 9:39PM

Freight rates for dry bulk and crude oil have begun to show early signs of recovery as factories in China resume production after the coronavirus outbreak. Container cargo shipping lines may have to wait longer for a rebound.

Shipping rates show signs of a recovery in demand as China’s economy and factories reboot from coronavirus lockdown
Coronavirus: Hong Kong’s international schools face financial uncertainty as nervous parents mull pulling children

Many of Hong Kong’s international schools may be facing financial uncertainty, as tentative start dates for the new term have been pushed back to April 20. These schools account for 5 per cent of the city’s kindergarten, primary and secondary pupils.

10 Mar 2020 - 8:22AM

Many of Hong Kong’s international schools may be facing financial uncertainty, as tentative start dates for the new term have been pushed back to April 20. These schools account for 5 per cent of the city’s kindergarten, primary and secondary pupils.

Coronavirus: Hong Kong’s international schools face financial uncertainty as nervous parents mull pulling children
India’s multimillionaires are multiplying the fastest over the next five years amid economic prosperity, Knight Frank report says

India’s population of super-rich is expected to multiply by the fastest rate globally over the next five years, underpinning the increase in wealth among the middle classes in emerging markets.

4 Mar 2020 - 11:30PM

India’s population of super-rich is expected to multiply by the fastest rate globally over the next five years, underpinning the increase in wealth among the middle classes in emerging markets.

India’s multimillionaires are multiplying the fastest over the next five years amid economic prosperity, Knight Frank report says
London’s prime residential rents rise as landlords withhold supply to avoid taxes designed to bring down prices: Knight Frank

Government levies aimed at making housing more affordable have made it less attractive for landlords, and the resulting drop in supply is pushing rents up

3 Mar 2020 - 7:51PM

Government levies aimed at making housing more affordable have made it less attractive for landlords, and the resulting drop in supply is pushing rents up

London’s prime residential rents rise as landlords withhold supply to avoid taxes designed to bring down prices: Knight Frank
Cargill joins race for alternative protein with eye on China as health crisis boosts market for meat substitutes

Cargill, one of the world’s largest suppliers of meat and grains, is joining the race to develop plant-based protein products as the coronavirus outbreak spurs demand for meat substitutes.

2 Mar 2020 - 10:25PM

Cargill, one of the world’s largest suppliers of meat and grains, is joining the race to develop plant-based protein products as the coronavirus outbreak spurs demand for meat substitutes.

Cargill joins race for alternative protein with eye on China as health crisis boosts market for meat substitutes
Coronavirus a ‘severe but temporary challenge’ for commercial property in Asia-Pacific, says Cushman and Wakefield

Covid-19 outbreak is being viewed as likely to be short-lived, and ‘vendors will be reluctant to dispose of properties now unless absolutely necessary,’ says Cushman and Wakefield report.

25 Feb 2020 - 7:05PM

Covid-19 outbreak is being viewed as likely to be short-lived, and ‘vendors will be reluctant to dispose of properties now unless absolutely necessary,’ says Cushman and Wakefield report.

Coronavirus a ‘severe but temporary challenge’ for commercial property in Asia-Pacific, says Cushman and Wakefield
Shipping lines face troubled waters as oil tankers, container carriers and cruise lines stop calling on China for fear of catching the coronavirus

The coronavirus outbreak, which has sickened more than 75,000 people around the world and killed more than 2,200 patients, is adding to the woes of an industry that is already suffering from the year-long US-China trade war.

24 Feb 2020 - 6:36PM

The coronavirus outbreak, which has sickened more than 75,000 people around the world and killed more than 2,200 patients, is adding to the woes of an industry that is already suffering from the year-long US-China trade war.

Shipping lines face troubled waters as oil tankers, container carriers and cruise lines stop calling on China for fear of catching the coronavirus
China plans to restructure meat supply system after triple health scares sparked by animal virus: Jefferies

China is likely to restructure its meat production and distribution system once the coronavirus outbreak recedes, according to analysts at Jefferies. Producers of plant-based meat substitutes could benefit too, it said.

13 Feb 2020 - 1:02PM

China is likely to restructure its meat production and distribution system once the coronavirus outbreak recedes, according to analysts at Jefferies. Producers of plant-based meat substitutes could benefit too, it said.

China plans to restructure meat supply system after triple health scares sparked by animal virus: Jefferies
Deliveroo, Foodpanda enjoy brisk orders in Hong Kong as coronavirus scare entrenches eat-at-home habit

Food delivery firms, which saw brisk orders during the depths of Hong Kong’s social unrest in 2019, are enjoying another spike in demand as the coronavirus outbreak entrenches eat-at-home habit.

14 Feb 2020 - 4:32PM

Food delivery firms, which saw brisk orders during the depths of Hong Kong’s social unrest in 2019, are enjoying another spike in demand as the coronavirus outbreak entrenches eat-at-home habit.

Deliveroo, Foodpanda enjoy brisk orders in Hong Kong as coronavirus scare entrenches eat-at-home habit
Wynn Macau says it is losing more than US$2 million a day amid casino closures

Wynn Macau, one of Macau’s six gaming concessionaires, said the closure of the special administrative region’s casinos was costing it between US$2.4 million and US$2.6 million a day, most of it towards maintaining more than 12,000 staff.

7 Feb 2020 - 5:06PM

Wynn Macau, one of Macau’s six gaming concessionaires, said the closure of the special administrative region’s casinos was costing it between US$2.4 million and US$2.6 million a day, most of it towards maintaining more than 12,000 staff.

Wynn Macau says it is losing more than US$2 million a day amid casino closures
Lee Shau-kee crowned Hong Kong’s richest man in latest survey by Forbes Asia, Li Ka-shing in second spot after decades at the top

For the first time in nearly a generation, Li Ka-shing is not the richest man in Hong Kong, according to the newly released list of Hong Kong’s richest tycoons by Forbes Asia. Li’s wealth dropped to US$29.4 billion in 2020 from US$32 billion in 2019, putting him at No. 2.

6 Feb 2020 - 10:51PM

For the first time in nearly a generation, Li Ka-shing is not the richest man in Hong Kong, according to the newly released list of Hong Kong’s richest tycoons by Forbes Asia. Li’s wealth dropped to US$29.4 billion in 2020 from US$32 billion in 2019, putting him at No. 2.

Lee Shau-kee crowned Hong Kong’s richest man in latest survey by Forbes Asia, Li Ka-shing in second spot after decades at the top
Macau casino operators face revenue slump as analysts pin hopes on ‘pent-up’ rebound in second-half

Macau casino operators are likely to write off their performance in the first quarter as the number of visitors shrink and they comply with an order to shut their premises to help contain the coronavirus outbreak.

5 Feb 2020 - 10:33PM

Macau casino operators are likely to write off their performance in the first quarter as the number of visitors shrink and they comply with an order to shut their premises to help contain the coronavirus outbreak.

Macau casino operators face revenue slump as analysts pin hopes on ‘pent-up’ rebound in second-half
China’s US$2.3 trillion property sector tries out VR amid coronavirus scare, online food deliveries, health care set for long-term boost

Mainland Chinese property dealers – banned from opening their sales offices in at least 60 jurisdictions amid the coronavirus outbreak – are turning to virtual reality technology as well as social-media platforms such as WeChat, in addition to websites, to sell homes.

4 Feb 2020 - 9:45AM

Mainland Chinese property dealers – banned from opening their sales offices in at least 60 jurisdictions amid the coronavirus outbreak – are turning to virtual reality technology as well as social-media platforms such as WeChat, in addition to websites, to sell homes.

China’s US$2.3 trillion property sector tries out VR amid coronavirus scare, online food deliveries, health care set for long-term boost
Macau’s casinos will suffer ‘significant’ blow to cash flow as coronavirus forces Chinese gamers to stay away, warns Fitch

Trips to Macau by mainland Chinese plummeted 81.7 per cent during the Lunar New Year holiday, according to official figures

1 Feb 2020 - 9:58AM

Trips to Macau by mainland Chinese plummeted 81.7 per cent during the Lunar New Year holiday, according to official figures

Macau’s casinos will suffer ‘significant’ blow to cash flow as coronavirus forces Chinese gamers to stay away, warns Fitch