Date
26 September 2016

BUSINESS

  • Insurance buyers now seek flexible and ‘smart’ policies as they ride the new technology wave. Photo: Shutterstock

    How technology is opening new doors for HK insurers

    - Sep 26, 2016 4:55pm
    Insurance markets around the world are not immune to the impact of digitization and advances in technology. In fact, according to the 2016 EY Asia-Pacific insurance outlook report, insurers are being required to innovate quickly to...
  • Hyundai Motor is expected to post weaker-than-expected profits for the third quarter, hit by the strike and slowing domestic demand. Photo: Reuters

    Hyundai Motor union stages first full strike in 12 years

    Sep 26, 2016 4:31pm
    Hyundai Motor’s South Korean labor union staged its first full nationwide strike in 12 years on Monday over stalled wage talks. The full-day walkout came after a series of partial stoppages since July at the automaker’s...
  • HSBC lacks space at its headquarters to meet expansion needs, which is one of the reasons it has resorted to co-working space. Photo: Bloomberg

    Why HSBC is renting co-working space

    - Sep 26, 2016 9:22am
    HSBC recently rented more than 300 desks in a co-working space in Causeway Bay for its digital and transformation team. The facility, which is located in Tower 535 in Jaffe Road, is operated by WeWork, the...
  • Snapchat is changing its name to Snap Inc. as it prepares to launch a line of video-recording sunglasses. Photo: AFP

    Snapchat to launch camera-equipped sunglasses

    Sep 26, 2016 8:55am
    Messaging app Snapchat plans to start selling camera-equipped sunglasses this fall, making its first push into the hardware segment. The glasses, called Spectacles, will enable users to record video in 10-second increments that can be synced with smartphones....
  • Rolling Stone has steadily lost advertising and readership to nimbler online alternatives. Photo: Mashable

    Rolling Stone selling large chunk to Singapore scion

    Sep 26, 2016 8:46am
    Rolling Stone, the iconic pop culture magazine, is for sale — 49 percent of it. After five-decade run full of interviews with pop stars and presidents, its founder is selling a big chunk of the business...
  • Pony Ma predicts increased use of technology in philanthropy after announcing a donation from his company. Photo: Reuters

    Tencent to donate 2% of profit to charity

    Sep 26, 2016 8:21am
    Tencent founder Pony Ma said his company would donate 2 percent of its annual profit to charity. At the same time, the Chinese billionaire predicted growth in mobile internet use in China’s philanthropy sector, Reuters reports....
  • Chairman Wang Jianlin said Wanda plans to build at least 20 tourism parks across China. Photo: Bloomberg

    Dalian Wanda opens US$5.1 bln tourism park in Hefei

    Sep 26, 2016 7:54am
    Dalian Wanda Group, the Chinese entertainment giant owned by the country’s richest man, has opened the first phase of a sprawling 34 billion yuan (US$5.1 billion) tourism park in the eastern city of Hefei. The 160-hectare...
  • Falling inflation rate in Brazil bolsters the case for a rate cut. Photo: Reuters

    Diverse prospects for global interest rates

    - Sep 23, 2016 4:38pm
    Major central banks have realized that monetary easing or even negative interest rates could do little in stimulating growth. Instead, it has twisted the bond market to the extreme. That is why central banks are resorting...
  • Studies have found that pedestrian-friendly streets increase property values. Photo: Savills

    Kwun Tong rising: How walkability boosts the property market

    - Sep 23, 2016 3:47pm
    Sidewalks have been widened, new crosswalks installed and signaling adjusted at 34 different locations in Kowloon Bay, Ngau Tau Kok and Kwun Tong. Even the area’s back alleys have been decorated with murals and wayfinding signage...
  • If listing regulation is too lax, the quality of listed firms may go down and Hong Kong’s reputation as a fund raising hub hurt, but if regulation is too strict, companies may simply list elsewhere. Photo: Reuters

    When regulations hinder legitimate business

    - Sep 23, 2016 1:24pm
    Hong Kong’s Securities and Futures Commission and Hong Kong Exchanges and Clearing are holding a public consultation on reforming listings regulation. It is partly a question of who decides which companies can list on the market....
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WORLD

  • It's estimated that China will add 10 million senior citizens on average every year in the next 20 years, pushing the share of elderly people to one-third of the population. Photo: Bloomberg

    Why raising retirement age is good for China

    - Sep 26, 2016 4:35pm
    China reportedly wants to postpone the retirement age. If the authorities raise retirement age by one year, the nation’s gross domestic product growth rate will increase by more than 0.5 percentage points according to studies. At...
  • Before and after: The use of cement in restoring a crumbling section of the Great Wall in Liaoning province destroyed the cultural value of the ancient landmark. Photo: Beijing News

    Great Wall botch-up: Cement used to restore ancient wonder

    Sep 26, 2016 4:02pm
    Cement is said to have been used in the restoration of a section of the Great Wall in Liaoning province, destroying the cultural value of the ancient landmark. The project, which started two years ago with...
  • An agreement was signed during Premier Li Keqiang’s recent visit to Canada on sharing and return of forfeited assets. Photo: Reuters

    How China is making progress in repatriation of fugitives

    - Sep 26, 2016 10:48am
    This has been a good month for China in its efforts to seize fugitives on the run, some of whom allegedly fled the country with large amounts of illicit funds. Beijing is now taking concrete steps...
  • Arnold Palmer, shown in this 2008 photo playing at the Augusta National Golf Club, posted 62 victories on the PGA Tour starting in 1955. Photo: Reuters

    Golf legend Arnold Palmer dies at 87

    Sep 26, 2016 10:45am
    Arnold Palmer, one of golf’s greatest players, died on Sunday. He was 87. “We are deeply saddened by the death of Arnold Palmer, golf’s greatest ambassador, at age 87,” Reuters quotes the US Golf Association as...
  • Previously hailed as China’s top philanthropist, Chen Guangbiao is now accused of exaggerating the amounts of his donations in order to gain media mileage and win government contracts. Photo: China Daily

    Chen Guangbiao: How a famous philanthropist fell from grace

    - Sep 26, 2016 10:13am
    Chen Guangbiao, once hailed as China’s top philanthropist, has grabbed major headlines once more. But unlike in past reports which praised him for his generosity, this time mainland media are calling into question his integrity. Financial...
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