Hong Kong

Cathay Pacific profit skyrockets to $6.8bln

Cathay Pacific profit skyrockets to $6.8bln

51.1% increase in fuel prices, economic fluctuations and volcanic eruptions can pose threat to sustained growth.

Qool to distribute BlackBerry smartphones in Hong Kong

To work with RIM to provide product training, marketing support and point-of-sale materials.

Monetary Authority approves Octopus auditor's appointment

Deloitte Touche Tohmatsu to report whether any third parties had access to Octopus cardholders' personal data.

Finance professionals' optimism reflects positive market outlook

Only 23% of Hong Kong finance professionals consider company’s policy and values on ethical issues when changing jobs.

HSBC profit jumps 121% to US$11.1 billion

This record profit excludes tax and is in comparison with the US$6 billion pre-tax profit for the first half of 2009.

Ngong Ping Piazza in Lantau opens

Religious ambience with Buddhist character is the highlight of $77.5mln enhancement of the tourist destination.

Xinyi Glass profit up 1.85 times to $641.8mln

Group to strengthen operational management efficiency to tackle any challenges during prolonged global economic recovery.

Home prices to rise by 15% amidst shortages

City’s growing job market and increasing wealth help drive real estate demand while supply rises slowly.

Chu Kong Shipping to acquire 75% equity interest in Civet Logistics

Optimises the Pearl River transport system to become a diverse transport service provider.

HKEx announces forfeiture of unclaimed interim dividend

Unclaimed interim dividend for 2004 of $0.43 per share will be forfeited and will revert to the company pursuant to Hong Kong Exchanges and Clearing Limited's Articles of Association.

Wynn Macau posts $714.4 million net revenues in the second quarter

Compared to only $410.4 million in the second quarter of 2009, Wynn Macau's net revenues jumped with the opening of Encore driving growth in the VIP segment.

Commissioner Woo urges Octopus to improve privacy protection

The company should not collect and disclose excessive personal data, said Privacy Commissioner for Personal Data Roderick Woo.

Tolls at Western Harbour Crossing rise

Western Harbour Tunnel Company Limited is adjusting the level of its tolls as it faces increased operating costs and needs to raise sufficient cash flow to repay debts.

ASM Pacific to snap Siemens AG's assembly systems business

ASM, a semiconductor assembly and packaging equipment supplier, aims to explore opportunities in the SMT equipment business.

Trade and Industry Department to hold free customer service training

Learn to upgrade your customer service with a free seminar in Cantonese on 18 August 2010.

HK advertising agencies snatch trophies at the Cannes Lions festival

Leo Burnett Hong Kong and Grey Hong Kong should inspire other ad agencies and aspiring students after winning 10 awards in the international competition.

Swire Pacific appoints Shiu Ian Sai Cheung as Executive Director

The 55-year-old Executive Director of Cathay Pacific will take over Swire Pacific commencing on 1 August 2010.