Hong Kong
Food operator Fairwood sees profit soar 152.4% to $153.6m
This was driven by increased productivity and cost management amongst others.
Food operator Fairwood sees profit soar 152.4% to $153.6m
This was driven by increased productivity and cost management amongst others.
Jacobson Pharma profit climbs nearly 20% to $173.7m
This is despite the 8% revenue drop during the year ended March 2021.
HK online shoppers prefer to buy from China, Japan, USA
Three in four Hong Kong eCommerce shoppers prefer to buy their goods cross-border.
SFC to require periodic review of ESG funds
In a new circular, the SFC asks for the assessment of how ESG factors are incorporated in the financial market.
Hang Seng Index underperforms against world peers: Analyst
This was partially attributed to the absence of cyclicals in the index.
Swire Pacific sets net zero carbon emissions target by 2050
The company wants to reduce by 50% its greenhouse gas emissions by 2030.
China Gas profit climbs 14% to $10.48b
This was driven by the gradual recovery of China’s economy.
HK port congestion likely to drive up freight rates
Container spot rates are at a new all-time high at the end of the second quarter.
SUGA net profit surges 186.1% to $79.3m amidst COVID
The group’s electronic products segment recorded a 24.3% increase to $1.69b.
Hongkongers optimistic about BaaS: study
42% said that their organisation have been deploying banking-as-a-service (BaaS) in the last 12 months.
Hong Kong bans travel from UK anew
UK will be identified as an “extremely high-risk” area, starting 1 July.
Hong Kong exports sustain growth in May
The value of total exports increased 24% to $393.8b in May.
AEON profit climbs 28.8% to $97m in Q1
This is despite a 14.4% drop in revenue.
Xinyi secures $1b green loan from DBS Bank
The 3-year loan will be invested in green production.
HKEX appoints new Chief Compliance Officer
Adam Singer will join the company in September.
Wage rate rises in March but at slowest pace in 11 years
The average wage rate across sectors increased 0.9% in nominal terms in March.
Far East Consortium sees recovery after 48.5% profit rise
The group recorded a profit of $543m in 2021.
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