Archive for March 6th, 2020
Business Briefs 06 March 2020
* Dat Phuong Company (DPG) has cooperated with the Project Management Unit 7 under the Ministry of Transport to break ground for an approach road in Tien Giang Province, [...] » More
Team set up to deal with online trading violations
The general Department for Market Surveillance has recently set up a working team on e-commerce to deal with the increasing number of trade violations online. The department, [...] » More
Coronavirus hit to airlines could top $100 billion, Flybe collapses
The coronavirus epidemic could cost passenger airlines up to $113 billion in lost revenue this year, an industry body warned on Thursday, more than three times a projection [...] » More
Asian markets build on gains as central banks kick into gear
Asian markets rallied Thursday following a surge on Wall Street, with confidence buoyed by global stimulus measures to mitigate the economic impact of the coronavirus. After [...] » More
Global shares rise after surge in US on stimulus measures
Shares in Europe and Asia advanced Thursday, tracking an overnight surge on Wall Street as governments and central banks take more aggressive measures to fight the virus [...] » More
Asian shares grind higher, virus risks block the way
Asian shares rallied for a fourth straight session on Thursday as US markets swung sharply higher and another dose of central bank stimulus offered some salve for the global [...] » More
Prosecutors ask appeal court to jail HK protester who was given community service for desecrating Chinese flag
Hong Kong prosecutors have asked the appeal court to jail a protester who was given community service for desecrating the Chinese flag during an anti-government protest last [...] » More
Profits slump at HK’s protest-hit rail giant MTR Corporation with recurrent business plunging 44.8 per cent to HK$4.98 billion
Hong Kong’s social unrest has taken a heavy toll on rail operator the MTR Corporation, which saw profits from recurrent business plunge 44.8 per cent to HK$4.98 billion [...] » More
LGBT pastor’s request for no-arrest guarantee tossed, though judge agrees same-sex religious ceremony did not violate law
A Hong Kong court on Wednesday refused to assure a pastor from an LGBT church he would not be prosecuted for officiating weddings for same-sex couples. But Justice Anderson [...] » More
HK coronavirus patient’s dog could be first human-to-animal transmission: experts
Animal health experts said on Wednesday the quarantined dog of a coronavirus patient in Hong Kong could be the first case of human-to-animal transmission, although they [...] » More
HK homeowners speed up sales as surprise rate cut stirs mixed sentiments on rebound prospects
Flat owners and property agents in Hong Kong are taking advantage of the surprise interest-rate cut this week to speed up sales in a market hobbling through the coronavirus [...] » More
HK workers far less satisfied with employers’ support measures during coronavirus crisis than their Singapore peers, survey finds
From providing masks and sanitisers to enabling flexible work arrangements, employers across Hong Kong have been rolling out measures to protect and support staff during the [...] » More
Dogs, cats can’t pass on coronavirus, but can test positive
Pet cats and dogs cannot pass the new coronavirus on to humans, but they can test positive for low levels of the pathogen if they catch it from their owners. That’s the [...] » More
HK stocks see best performance in a month as traders scramble into Tencent, WH Group, AAC Tech
Hong Kong stocks posted their best performance in a month as traders swooped in and scooped up marquee names like Tencent and WH Group on positive coronavirus news and big US [...] » More
Cathay Pacific fined by UK watchdog over massive data breach
Hong Kong carrier Cathay Pacific has been fined HK$5 million by Britain’s privacy watchdog over a huge data leak of more than nine million customers including passport [...] » More
