Tag: hong kong

Hong Kong-based airline Cathay Pacific reported a significant financial loss of US$893.77 million for 2022, exceeding analyst predictions. The carrier's performance was impacted by prolonged travel restrictions, though the company remains optimistic about recovery following the relaxation of quarantine regulations in Hong Kong and mainland China.

Brunei secured impressive global rankings in business and labor market regulations, scoring 8.8 out of 10 in the Fraser Institute's Economic Freedom Index. The Sultanate ranked 59th globally among 165 economies, demonstrating strength in regulatory compliance and economic frameworks.

Hong Kong's government celebrates its continued recognition as the world's freest economy by the Fraser Institute. The annual report highlights the territory's top ranking in "Freedom to Trade Internationally" and commitment to maintaining an efficient, open market environment.

Chinese bubble tea brand Nayuki, founded in Shenzhen in 2014 by Peng Xin and Zhao Lin, plans to raise $656 million through its Hong Kong initial public offering. The company will sell 257.3 million shares priced between HK$17.2 and HK$19.8, potentially valuing the founders' stake at over $1.1 billion.