Tag: Business

TSMC Reports Record-Breaking 57% Increase in Net Profit for 4th QuarterIn a groundbreaking announcement, Taiwanese chipmaking giant TSMC revealed a remarkable surge in net profit for the fourth quarter, surpassing all expectations....

Crypto entrepreneur Justin Sun made headlines after he fulfilled a promise he made by eating a $6.2 million artwork featuring a banana duct-taped to a wall. The Chinese-born founder of a crypto company, Sun,...

A sports expert from Hong Kong Baptist University believes that the time is ripe for Hong Kong to focus on developing its sports industry. In a recent interview, Patrick Lau from the university's Department...

Hong Kong's New World Development has announced the replacement of CEO Eric Ma after only two months on the job. The company, owned by one of Hong Kong's wealthiest families, reported a significant annual...

New World Development made a surprising announcement on Friday regarding the resignation of Eric Ma, who had only been the Chief Executive Officer for a little over two months. The company revealed that Echo...

Over the past 11 months, more than 2,000 construction workers and subcontractors in Hong Kong have experienced delays in receiving their wages and project fees, leading to a total of HK$300 million in unpaid...

Chief Executive John Lee is calling on businesses to seize the opportunity to be a part of the Northern Metropolis project. This project will involve the development of large parcels of land in Hung...

Ocean Park in Hong Kong recently reported a deficit of HK$71.6 million in its latest fiscal year, despite recording the highest number of visitors in five years. The park saw around 3,140,000 total attendance...

Banker Peter Wong has been appointed as the new chairman of the University of Hong Kong (HKU) governing council, taking over from barrister Priscilla Wong when her term ends next month. This announcement was...

The performing arts scene in Hong Kong is facing challenges due to a lack of venues, according to industry veterans. The government recently released a blueprint for arts development, which highlighted the need for...

Chief Secretary Eric Chan shared that a recent three-day trip to the Greater Bay Area provided valuable insights into the development of the Northern Metropolis project in Hong Kong's New Territories. The visit, which...

Labour officials announced their innovative plan to enhance safety inspections at construction sites by utilizing drones. The initiative is set to be implemented within a year, with drones being used to monitor safety issues...

Jailed media tycoon, Jimmy Lai, has strongly denied allegations that he instructed his staff at Apple Daily newspaper to advocate for Western sanctions on Hong Kong during his national security trial. The 76-year-old tycoon...

The director of the central government's liaison office emphasized the importance of collaboration between Hong Kong and Guangdong for the advancement of the Greater Bay Area (GBA). Speaking at the Guangdong-Hong Kong Deepening Economic,...

Senior managers at public hospitals must be held accountable for mistakes, according to medical sector lawmaker David Lam. He emphasized that accountability means taking steps to prevent errors from occurring in the first place....

Cyberport CEO Rocky Cheng recently announced that Cyberport is fully prepared for low-altitude flying tests due to its spacious area and a nearby pier. He mentioned plans to establish a landing port for these...

The latest report on cybersecurity readiness in local enterprises has shown significant progress, with a 5.8-point increase in the overall index score compared to last year. Compiled by the Hong Kong Productivity Council (HKPC)...

Financial Secretary Paul Chan emphasized the importance of Hong Kong staying agile and innovative in the face of changing global dynamics. He highlighted the ongoing transformations and adaptations taking place in countries and businesses...

A recent book launch event at an independent bookstore in Hong Kong was disrupted by a group of individuals who accused the writer of "poisoning" readers. The event, hosted by travel writer Pazu at...

The Apec Economic Leaders’ Week recently came to a close in Peru, with the host nation highlighting three main objectives, one of which was to promote inclusive and sustainable economic growth. During the week-long...

Hong Kong employers have been reminded by the chairperson of the Equal Opportunities Commission (EOC) that they could be breaking the law if they fail to provide proper training and education to their staff...

Transport Secretary Lam Sai-hung expressed his confidence in Hong Kong's bunkering facilities surpassing those of neighboring cities. The government recently revealed plans to transform Hong Kong into a top-tier green maritime fuel bunkering center....

Chief Executive John Lee had a very busy day during his visit to Peru, attending the Asia-Pacific Economic Cooperation (Apec) summit. He signed a free trade agreement with Peru and had meetings with leaders...

The recent free-trade agreement between Hong Kong and Peru is set to open up new economic opportunities for both regions. This agreement, which focuses on cooperation in various aspects of trade, has been welcomed...

The Consumer Council in Hong Kong has reported an increase in complaints regarding concerts and live performances this year. With over 500 complaints received in the past 10 months, concertgoers have expressed their dissatisfaction...

The government has recently unveiled an action plan to promote the use of green maritime fuel in Hong Kong, aiming to reduce carbon emissions from the shipping industry. This initiative includes a target of...

The government recently announced that the full-year economic growth forecast has been revised to 2.5 percent, down from the previous estimated range of 2.5 to 3.5 percent. This adjustment comes after real GDP in...

Financial Secretary Paul Chan is optimistic about the future growth of Hong Kong's exchange-traded fund (ETF) market. He believes that the market will continue to expand, solidifying Hong Kong's position as a global financial...

The Hong Kong government is in talks to finalize a free trade agreement with Peru, as Chief Executive John Lee journeys to the South American nation for the Asia-Pacific Economic Cooperation economic leaders’ meeting...

The 15th National Games are just 365 days away, and the countdown ceremony in Hong Kong marked the beginning of the celebrations on Saturday. This will be the first time that Hong Kong is...