Hong Kong
Finance professionals not abandoning Hong Kong
Despite the tough times, 82% of financial professionals now in Hong Kong would rather stay put until the global financial crisis blows over.
Finance professionals not abandoning Hong Kong
Despite the tough times, 82% of financial professionals now in Hong Kong would rather stay put until the global financial crisis blows over.
4 in 5 finance professionals snub working abroad
But half of them are geared up to leave banking and move to other industries.
SmarTone battles competition with multi-device services
SmarTone Mobile Communications expects rising revenues from its focus on marketing double-device subscriptions.
Almost 1 in 2 job seekers fail to find jobs in Hong Kong
Hong Kong’s unemployment rate remained unchanged at 3.2% for the second quarter despite the continuous battering taken by its weaker economy.
Hong Kong strengthens financial ties with the Mainland
A new securities company is seen as a milestone in strengthening securities cooperation between Hong Kong and China.
StanChart is again Hong Kong’s Euro settlement institution
Hong Kong has reappointed Standard Chartered Bank (Hong Kong) as the Settlement Institution for the Euro Real Time Gross Settlement system.
Job opportunities in Hong Kong dip 2%
Only three sectors showed signs of improved recruiting activity.
Wong is new Consumer Council chief
Ms. Gilly Wong has been appointed the new Chief Executive of the Consumer Council.
MTR net profit crashes by over a third
A weaker property market inflicts a 33% plunge in net profit on MTR Corporation, Ltd during the first half.
Credit card receivables rise 3.2% to HK$98.7
This is after decreasing 4.8% in the previous quarter, the Monetary Authority said.
CLP’s net profit sinks 42% to HK$3.36b in 1H12
Hong Kong power supplier's earnings was down from HK$5.8 billion last year.
Luxury apartment market losing tenants
Monthly rents for a house on Hong Kong Island’s south side go for HK$125,000 a month.
Mainland and Philippine visitors boost Hong Kong’s tourism
The Hong Kong Tourism Board said 16% more visitors came to the island during the first half compared to the same period in 2011.
Swire Pacific’s net profit plunges 65% to $8.44b in 1H12
Blame it on the worse-than-expected first half results that hit its affiliate, Cathay Pacific Airways Ltd.
Flexible working brings benefits for the environment
Anyone who breathes the air in Central at rush-hour knows that traditional working practices are not good for the environment. It's no secret that Hong Kong's vehicle emissions pollute our air and worsen commuters' health.
The battle for more work-life balance in banking
Banking and work-life balance (WLB) have traditionally been anathema to each other – after all, this is a sector famous for the 80-hour week. But a shift in attitudes may be slowly taking place in Hong Kong, driven mainly by a desire to motivate employees and reduce attrition.
The bailout theater in Europe will continue indefinitely
The bailout showcase in Europe will continue indefinitely, because strong economic growth is a fantasy and austerity is politically untenable. As hopes for viable, sustainable solutions fail, expect the authorities to print money. And print BIG!
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