9 stories found
Hong Kong’s postal administration will no longer offer permanent civil service contracts to new employees as part of cost-saving measures, citing a worsening financial outlook.
Hongkong Post is seeking approval for a HK$4.6 billion financial lifeline to support its struggling operations.
Hong Kong has surpassed Switzerland to become the world's largest cross-border wealth management hub, according to a BCG report. This shift signifies a major development in global financial markets.
Hongkong Post is facing a worsening financial situation, leading observers to suggest it may need a government bailout or a return to being a taxpayer-funded public service.
Hongkong Post is experiencing significant financial losses and a decline in customer demand, raising concerns about the future of the postal service in the city.
Hongkong Post announced that local and international postage rates will increase from April 13, citing rising operational costs such as conveyance and terminal dues payments.
Death of Hongkong Post? Mounting losses, dwindling demand cast shadow over service The Star
Hongkong Post has requested a HK$4.6 billion government bailout from the legislature to support its operations for the next three years and fund the refurbishment of the Air Mail Centre, following record losses.
Hong Kong’s public airmail services to 24 countries across the Middle East, Africa and Central Asia have been affected after a joint US-Israeli attack on Iran forced flight cancellations to two Gulf…