Hong Kong

Hong Kong has reappointed Standard Chartered Bank (Hong Kong) as the Settlement Institution for the Euro Real Time Gross Settlement system.

Only three sectors showed signs of improved recruiting activity.

Ms. Gilly Wong has been appointed the new Chief Executive of the Consumer Council.

A weaker property market inflicts a 33% plunge in net profit on MTR Corporation, Ltd during the first half.

This is after decreasing 4.8% in the previous quarter, the Monetary Authority said.

Hong Kong power supplier's earnings was down from HK$5.8 billion last year.

Monthly rents for a house on Hong Kong Island’s south side go for HK$125,000 a month.

The Hong Kong Tourism Board said 16% more visitors came to the island during the first half compared to the same period in 2011.

Blame it on the worse-than-expected first half results that hit its affiliate, Cathay Pacific Airways Ltd.

Anyone who breathes the air in Central at rush-hour knows that traditional working practices are not good for the environment. It's no secret that Hong Kong's vehicle emissions pollute our air and worsen commuters' health.

Banking and work-life balance (WLB) have traditionally been anathema to each other – after all, this is a sector famous for the 80-hour week. But a shift in attitudes may be slowly taking place in Hong Kong, driven mainly by a desire to motivate employees and reduce attrition.

The bailout showcase in Europe will continue indefinitely, because strong economic growth is a fantasy and austerity is politically untenable. As hopes for viable, sustainable solutions fail, expect the authorities to print money. And print BIG!

The diversity of global organizations has given Hong Kong an edge in human resource development. If you look at Corporate Knight’s Global 100 list1, you will find many organizations with a significant presence in Hong Kong. Every one of these organizations is unique. To prosper, top organizations focus on developing leaders who share common values.

The economic growth forecast has then been reduced to 1% to 2% for the year.

The last flight from London to Hong Kong will be on September 10.

Singapore beat Hong Kong as Asia’s most popular business travel destination during the first half of the year.