Staff Reporter

Gov't boosts crackdown on frozen meat sales with operation "Pearl"

Gov't boosts crackdown on frozen meat sales with operation "Pearl"

Sellers of frozen meat without permission will face fines of up to $50,000 and six months' imprisonment.

Diffusion index climbs to 41.8 in July, indicating SME growth

The index, however, remained in contractionary territory. 

Wheelock acquires Hop Lung Industrial Building for HK$728m

The developer plans to redevelop the building into a "high-quality industrial project."

HKMCI introduces flexible rental options for homeowners

This aims to help homeowners with their needs.

AirAsia launches new HK-Bali, Jakarta routes

The first flights will operate on 1 and 8 October.

CLP Power partners with Creative Property to promote low-carbon living

The partnership will encourage a low-carbon lifestyle for residents. 

PBOC and HKMA sign MOU on cross-boundary linkage of payment systems

They also exchanged views on financial co-operation between the Mainland and Hong Kong.     

Cathay Pacific posts 15% lower profit; commits $100b to enhance services

The investment includes the purchase of 30 Airbus A330-900 aircraft.

Paris 2024 Olympics boosts Hong Kong's catering industry

Thanks to the free live streams, the catering industry surged 20%.

Manulife Asia’s profit quadruples, Hong Kong segment doubles core earnings

The group’s NBV margin improved by 3.4 percentage points.

Majority of women want more breastfeeding areas in public places

81.9% suggested commercial and government premises improve breastfeeding facilities’ hygiene standards. 

Foreign currency reserves hit US$419.3b in July

It rose from the US$416.3b record in June.

HK prohibits import of seafood products from 10 Japanese cities

This is in response to the Japanese government's discharge of nuclear-contaminated water.

HKMA preparing law amendments for proposed two-tier bankings system

The central bank has published results of its consultation and new parameters added.

Hong Kong logistics rents rise 3.3% in H1 2024

The prime net rent was $15.5m per sq. ft.