Business

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21 09, 2019

China’s financial market reform opens up opportunities for Hong Kong, strengthens gateway role

By | 2019-09-21T05:45:05+00:00 September 21st, 2019|Business|Comments Off on China’s financial market reform opens up opportunities for Hong Kong, strengthens gateway role

China’s ongoing financial liberalisation will continue to benefit Hong Kong as its status as a gateway to the mainland will be hard to replace, say analysts.The demand for access to China’s equities and fixed-income markets is rapidly increasing among ...

21 09, 2019

Malaysia’s iCar Asia snaps up Indonesian online marketplace Carmudi for US$3 million

By | 2019-09-21T05:30:06+00:00 September 21st, 2019|Business|Comments Off on Malaysia’s iCar Asia snaps up Indonesian online marketplace Carmudi for US$3 million

Automotive portal operator iCar Asia has entered into a binding agreement to acquire online marketplace Carmudi Indonesia, in a move to capture the growth in Southeast Asia’s vast used car market.The transaction is expected to be completed on October 1...

20 09, 2019

Hang Seng Index is world’s worst performer this week as political turmoil takes toll on economy

By | 2019-09-20T10:24:05+00:00 September 20th, 2019|Business|Comments Off on Hang Seng Index is world’s worst performer this week as political turmoil takes toll on economy

Hong Kong stocks ended the week as the world’s worst-performing major equity market after concerns heightened that the political unrest has already taken a heavy toll on the city’s economy.The Hang Seng Index dropped 3.4 per cent for the week, deliveri...

20 09, 2019

Abandoned HK$11.1 billion Kai Tak commercial plot has its wings clipped by protests, is back on market for 40 per cent less

By | 2019-09-20T10:00:17+00:00 September 20th, 2019|Business|Comments Off on Abandoned HK$11.1 billion Kai Tak commercial plot has its wings clipped by protests, is back on market for 40 per cent less

A commercial site on the runway of Hong Kong’s former airport that was abandoned because of “social contradiction and economic instability” on June 11, following a successful record bid of HK$11.1 billion (US$1.4 billion), is back on the market – but m...

19 09, 2019

Outrage over Irish Cement alternative fuels plan for Limerick

By | 2019-09-19T19:03:00+00:00 September 19th, 2019|Business|Comments Off on Outrage over Irish Cement alternative fuels plan for Limerick

A protest march is to take place in Limerick next month after controversial plans by Irish Cement to burn alternative fuels, including used tyres, were given the green light by the Environmental Protection Agency (EPA), subject to conditions and an app...