A 45-year-old Western restaurant in Hong Kong’s Fanling district is set to close at the end of this month, after failing to absorb a steep rent increase. Yat Sizz Restaurant, a nostalgia-steeped eatery on Wo Fung Street in Luen Wo Hui, will serve its last customers on July 31, staff confirmed in...
Hong Kong home prices notched their strongest half-year performance in eight years, with a widely watched index breaking above the 160 mark and approaching a near three-year high. The latest reading of the Centa-City Leading Index (CCL), which tracks secondary residential prices, climbed 0.52%...
New World Development Co. and Ares Management Corp. have sharply cut asking prices for units at their grade-A office project in Hong Kong’s Cheung Sha Wan district, in one of the deepest discounts seen in the city’s commercial property market. According to people familiar with the matter and...
Taipei is doubling down on efforts to cut consumption of single-use beverage cups, rolling out a city-backed discount that rewards customers for bringing their own containers to popular hand-shaken drink chains. From July 2 through Dec. 31, consumers who visit participating Taipei outlets of...
Hong Kong’s residential property market is extending a steady recovery, with key price gauges approaching levels last seen nearly three years ago, even as analysts warn momentum is likely to moderate in the coming quarter. The Centaline City Leading Index (CCL), which tracks secondary private...
Hong Kong’s national security police have arrested the operators of Hunter Bookstore, one of the city’s best-known independent bookshops, in a move that underscores rising pressure on small publishers and retailers carrying titles deemed politically sensitive by authorities. Police said they...
Mixue Bingcheng, the Chinese beverage chain that has quietly grown into the world’s largest drink franchise by store count, is discovering the limits of its ultra-low-price model in two of Asia’s most watched consumer markets: Japan and Hong Kong. The company has used cheap ice cream and milk...
Hong Kong is easing cross-border requirements for visiting yachts as the government accelerates efforts to position the city as an Asian hub for marine leisure and tourism. The Maritime Department has introduced three measures that simplify approval procedures and speed up customs and...
Sa Sa International Holdings Ltd. is ramping up store openings and restoring a full dividend payout after a sharp rebound in profit, underscoring management’s confidence in the recovery of Hong Kong and Macau’s beauty retail market. The cosmetics chain’s full-year sales rose 14.2% to HK$4.383...
Taiwanese prosecutors have intensified an investigation into alleged large-scale budget inflation at state-owned CPC Corp.’s third liquefied natural gas receiving terminal, launching a fourth round of coordinated searches targeting construction contractor Royal Chang Construction Co. and related...
