Economic Impact

Hong Kong’s top developers bid for Causeway Bay commercial plot

The 286,140 sq ft site on Caroline Hill Road, the first to be offered in the area for tender since 1997, can yield a gross floor area of around 1.1 million sq ft.

4 hours ago
As Art Basel returns, Hong Kong looks to reclaim status as global hub

This year’s edition of the fair, the first since 2019, will feature hybrid exhibitions that allow international exhibitors to take part virtually.

5 hours ago
China census delay may be due to coronavirus impact on migrant workers

Although much attention is being paid to China’s falling fertility rate, one demographer says that is unlikely to be the biggest reason behind the delayed release of 2020 census data.

5 hours ago
Covid-19 quarantine extended to 21 days for Hongkongers visiting Shenzhen

Tightening of Covid-19 rules by Guangdong authorities effectively ends hopes of the border reopening with mainland China in the short term.

3 hours ago
Restaurant takings decline narrows, Hong Kong Covid-19 rules change offers hope

Receipts drop 8.8 per cent in 2021’s first quarter, marking improvement on previous figures.

6 May 2021 - 11:07PM
New Indonesian airline bets on millennials and post-virus bounce

Despite reportedly being backed by Lion Air’s co-founder, Super Air Jet is dissociating itself from the country’s biggest airline.

6 May 2021 - 10:21AM
Hong Kong offices to lose US$1.3 billion in rental value without upgrades

Some 100 “ageing” office buildings in Hong Kong need to be refurbished to unlock their rental potential, as the Covid-19 pandemic changes market dynamics and tenant expectations, according to JLL.

5 May 2021 - 9:54PM
Pandemic boosts adoption of digital payment technologies, survey finds

QR codes enabling mobile phone payments have become particularly popular in the region as they offer a hygienic alternative to cash amid the threat of Covid-19 infection, according to the Mastercard survey.

4 May 2021 - 10:42PM
Hong Kong retail sales rise 20 per cent, but sector’s recovery loses steam

Official data shows while year-on-year sales for March have risen to HK$27.6 billion they are still far below pre-pandemic levels.

5 May 2021 - 12:03AM
Amid India’s coronavirus crisis, Asia’s developing nations are all at risk

From Laos, Vietnam and Thailand in Southeast Asia to Bhutan and Nepal bordering India, countries have been reporting significant surges.

4 May 2021 - 3:54PM
Hong Kong economy rebounds sharply, posting 7.8 per cent growth

Advanced forecast shows a V-shaped rebound in GDP from an all-time low of a 9.1 per cent contraction in the same period last year.

4 May 2021 - 12:01AM
May Day holiday a shot in the arm for China’s domestic tourism

Day trippers, holidaymakers take 56.4 million trips on Saturday, more than twice the number from last year, transport ministry says.

2 May 2021 - 10:57PM
‘Considerable growth’ expected in first quarter: Hong Kong finance chief

Paul Chan also reiterates call for residents to get inoculated, points out this is vital to city’s recovery.

3 May 2021 - 11:41AM
Mumbai’s lunchbox heroes fear for their futures as coronavirus rages

Lunchbox deliverers, or ‘dabbawallas’, have been feeding India’s financial capital since the 1800s, but almost all are now out of work thanks to the pandemic and its associated disruptions.

2 May 2021 - 11:09AM
‘I am moved to tears being able to cruise again’

The Costa Smeralda will set off from Savona for the first time since December 20.

1 May 2021 - 11:36PM
May Day protesters demand more labour protections as pandemic kills jobs

For labour leaders, the day was a test of their ability to mobilise workers in the face of the profound economic disruptions.

1 May 2021 - 10:45PM
Unions unhappy as Cambodia’s biggest casino cuts jobs, redundancy pay

NagaWorld resort in the capital Phnom Penh will lay off over 15 per cent of its staff and cut severance packages, but unions are crying foul.

1 May 2021 - 7:46PM