Cathay predicts lower HK$6b annual loss, HK$1.5b cash burn
Cathay Pacific flew a mere 717,059 passengers in the past year, compared with 4.6 million in 2020 and 35.2 million in 2019.
Business
Japanese company releases 1st bottle that keeps carbonated drinks fizzy
The company uses a unique processing technique to reduce unevenness inside the bottle and suppress the vaporization of carbon dioxide.
Hong Kong’s future Northern Metropolis looks to be a home for innovators
With state-of-the-art technologies and a self-contained community, the city is being positioned as a global high-tech, financial and logistics hub
Seoul to consider introduction of startup visa
South Korea needs an influx of foreigners to revitalise the domestic startup ecosystem, he said
Li Ka-shing-backed WeLab to launch digital bank in Indonesia
Indonesia is one of the largest financially under served markets in Asia.
Grab to list on Nasdaq after Altimeter investors approve Spac merger
The merger is one of the largest special purpose acquisition company (Spac) deals ever, valuing the combined entity at nearly US$40 billion.
National payment switch expected to launch soon
The payment gateway will integrate multiple banks and digital payment vendors into one system enabling them to transfer funds
Japanese firms keen on entering Bangladesh’s e-commerce, says envoy
Logistics, timely delivery, and shoddy or counterfeit goods are some of the challenges they face, he said
Asia’s most expensive apartment sold in HK’s Peak area
The apartment sold for HK$640 million (US$82.2 million), making it Asia’s most expensive per square foot unit
Companies respond to US chip survey but withhold key data
More than 30 foreign and domestic chip companies have submitted data requested by the U.S. to address a chip shortage crisis