Rise of Super-Apps Puts Pressure on Incumbents

In Asia, bigtechs and new digital banking challengers are rapidly gaining ground, forcing incumbent banks to rethink their business strategy and become a part of the super-app ecosystem, a new report by Finextra, in association with Infosys Finacle and OneSpan, says. The paper, titled The Future of Digital Banking in Asia 2022, explores Asia’s booming … Read more

Hong Kong’s MTR offers staff pay rise of up to 5% – mixed reaction from unions

The MTR Corporation has offered its employees a salary bump of between 1.6 and 5 per cent, depending on their performance, according to union groups who attended a meeting with the transit firm on Wednesday. The railway giant assessed staff performance using a five-tier grading system, with level five being the best. Those attaining level … Read more

Covid-19: Hong Kong’s homeless population expected to rise after the fifth wave, community organizer says

Hong Kong’s homeless population is expected to rise after businesses were hit hard by the fifth wave of Covid-19, a community organizer who has served local street sleepers for more than 30 years has said, despite government figures showing fewer people living on the streets at the end of March. A street sleeper in Tung … Read more

Hong Kong Covid cases rise but death rate stable, as business leader calls for opening of borders

A health official has said that Covid-19 is spreading across the city, as Hong Kong records a second consecutive day of some 800-odd new infections. However, no related deaths were reported. “We do not rule out further increases [in coronavirus cases], ”The Center for Health Protection’s Chuang Shuk-kwan said at a daily Covid-19 press briefing … Read more

Covid-19: Hong Kong steps up checks on bars and restaurants as cases linked to nightlife area rise

Hong Kong has seen an uptick in Covid-19 infections amid the recent easing of social distancing rules, with clusters linked to a number of bars in Central. In the seven-day period from last Monday to Sunday, authorities confirmed an average of 153 positive nucleic acid tests per day, up from 103.9 the week before. A … Read more

Hong Kong unemployment rate increases to 5.4%; civil servants may get up to 7.2% pay rise

Hong Kong’s unemployment rate rose to 5.4 per cent in the three months ending in April, the highest since last summer, as harsh Covid-related social-distancing curbs including bar closures and restaurant restrictions took a toll on businesses. Around 206,100 people were jobless, up by 17,600 from January-March. The food and beverage sector was one of … Read more

Hong Kong lawmaker questions proposed pay rise for top gov’t officials as minimum wage stagnant

A Hong Kong lawmaker has questioned a proposed pay rise for top government officials, asking whether a salary increase was appropriate considering the wider economic conditions and the city’s high unemployment rate. Lawmaker Tik Chi-yuen. Photo: Kelly Ho / HKFP. Tik Chi-yuen, the city’s sole self-proclaimed non-pro-establishment lawmaker, said at a Legislative Council (LegCo) meeting … Read more

90% of Hong Kong bus staff saw income fall during Covid-19, survey shows, as unions call for pay rise

Two labor have groups called on bus companies to give staff a pay rise, adding that employees’ base salaries have been frozen for two years and they have had their hours slashed during the Covid-19 pandemic. Representatives from two groups representing bus company employees at a press conference on May 13, 2022. Photo: Chau Siu-chung, … Read more

Murders, child abuse and deception cases rise in Hong Kong

Hong Kong has seen a drop in cases of robbery, criminal damage and serious drug offenses in the first quarter of 2022, while homicides, child abuse, deception and blackmail cases rose, the police have said. Photo: Candice Chau / HKFP. The latest crime statistics released on Wednesday revealed that a total of 13,866 crimes were … Read more