Hong Kong’s housing minister has defended an estimated HK$4.39 billion price tag for managing 30,000 temporary flats which are planned for the city, saying this would cover maintenance, cleaning, and other amenities. The units will be part of the Light Public Housing (LPH) scheme, which aims to boost the city’s short-term housing supply by providing […]
Hong Kong’s government spent around HK$1.22 billion to prepare for and hold last year’s “patriots-only” District Council election, which was marked by a record low voter turnout. It works out at just over HK$1,000 spent for each of the 1,195,331 voters. A sum of HK$168 million was spent in the 2022-23 fiscal year and some […]
The Hong Kong government has defended its monthly spending of HK$3.75 million to maintain defunct Covid-19 isolation centres after one legislator described the bill as “shocking.” Secretary for Development Bernadette Linn addressed lawmakers in the Legislative Council on Wednesday as meetings to discuss the financial year’s budget continued. As part of initial questions asked by lawmakers […]
HK Express will be flying to and from Clark International Airport on a regular basis starting June 6, 2024.
Part of HKFP’s four-part zine scene series. Artist Kaitlin Chan, who spent her childhood and formative years in Hong Kong, used to feel intimidated by the overwhelming visual stimuli in the city. She often found herself wanting to rush through the bustling streets, where everyone’s lives seemed to be happening all at once. However, after […]
The project doesn't even align with government environmental plans from mainland China, birdwatchers say.
The Hong Kong Games opened on Sunday – the first time the multisport event has been held in five years. Sunday’s ceremony at Hung Hom Bay’s Coliseum saw an 18-district cheering team competition, as well as lion dancing, breakdancing, skateboarding, wushu, Latin dance, variety shows by elite athletes, and musical performances. The competition – which […]
India's fourth largest IT services firm, Wipro, on Friday reported a fall in net profit and revenue from a year earlier in the fiscal fourth quarter, hurt by a contraction in clients' technology spending in key growth verticals and regions.The Bengaluru-based company posted a net profit of Rs 2,834.6 crore for the quarter through March, 7.8% lower than a year earlier. Revenue fell 4.2% to Rs 22,208 crore. On a sequential basis, profit increased 5.2%, while revenue was flat. In constant currency,...
The Securities and Futures Commission, Hong Kong's markets regulator, has
Hong Kong's gross domestic product (GDP) is expected to grow between 2.5% and 3.5% for the first quarter, maintaining moderate growth for a fifth consecutive quarter, the city's finance chief said on Sunday. January-March GDP, scheduled to be released on Thursday, is expected to be "within the range of the full-year economic growth forecast", Financial Secretary Paul Chan said in his blog without elaborating. As Hong Kong seeks new sources of growth points, mega events such as fireworks will...
The company saw its share price plunge to as low as HK$10.84, representing a fall of 38.05% from its IPO price of HK$17.50
To celebrate its 45th anniversary, the MTR Corporation is launching an exhibition, “Station Rail Voyage,” which showcases retired trains and over 100 railway artifacts at Hung Hom Station. Running from next Wednesday to the end of the year, the exhibition presents retired trains including the “Yellow Head,” a locomotive which marked the start of the […]