Cargo Freight Provides Silver Lining For HK Airport
"); jQuery("#212 h3").html("

"); });
2020-08-14 HKT 18:42
The Hong Kong International Airport (HKIA) said on Friday that demand for air cargo services remained relatively strong in July and freighter movements registered a year-on-year increase of 21 percent.
But in an indication of the struggling global economy, the amount of cargo that passed through the airport fell 7 percent, compared to a year ago.
The impact of the travel restrictions imposed globally due to the coronavirus epidemic meanwhile continued to choke the travel sector.
During the month, HKIA handled just 96,000 passengers and 9,870 flight movements – representing year-on-year decreases of 98.6 percent and 73.2 percent.
The travel restrictions and its effect on the travel sector was laid bare further with the tourism authorities saying the city received just 20,600 visitors in the month – a fall of near 100 percent year-on-year.
The Tourism Board said the provisional number of visitors was a slight improvement from June, which saw 14,600 visitors.
The board said though the global Covid situation is still unpredictable, it’s been actively promoting Hong Kong to its trade partners in its bid to revive the industry.
Is Hong Kongs Default Life Insurance Choice A Wealth Drain?
Hong Kong is a city that takes financial security seriously, boasting one of the highest insurance penetration rates in... Read more
RedotPay Secures $107M Series B, Total Funding Hits $194M
RedotPay, a global stablecoin-based payment fintech, has closed a US$107 million Series B round, bringing its total cap... Read more
91% Of Hong Kong Merchants Lose Revenue To Payment Friction
Aspire has released its Hong Kong Ecommerce Pulse Check 2025, highlighting that while mid-sized ecommerce merchants rem... Read more
Do Kwon Faces Possible Trial In Korea After US Conviction
Do Kwon, the crypto tycoon behind the 2022 collapse of TerraUSD and Luna, caused an estimated US$40 billion in investor... Read more
Startale, SBI Holdings To Develop Japans Regulated Yen Stablecoin
Startale Group and SBI Holdings have signed a MoU to jointly develop and launch a fully regulated Japanese yen-denomina... Read more
KakaoBank Expands In Indonesia Through Superbank Partnership
KakaoBank, South Korea’s largest internet-only bank, is accelerating its global expansion through a deepened partners... Read more
