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.
HK Police And Regional Partners Arrest Over 1,800 In Cross-Border Scam Crackdown
In a major cross-border crackdown, Hong Kong police and law enforcement agencies from six countries and regions arreste... Read more
Tiger Brokers To Double Hong Kong Team As It Targets Offshore Chinese Wealth
Online brokerage Tiger Brokers intends to increase its Hong Kong headcount by two times to capture more offshore Chines... Read more
Behind The Unicorn: The Startup Struggles You Dont See Ft. Tessa Wijaya, Xendit
In this episode of Fintech Fireside Asia, I sit down with Tessa Wijaya, Co-founder and COO of Xendit, one of Southeast ... Read more
SFC Updates Guidance To Non-Face-to-Face Account Opening
The Securities and Futures Commission (SFC) has updated its guidance on acceptable non-face-to-face (NFTF) account open... Read more
NTTs Mobile Arm Set To Acquire SBI Sumishin Net Bank In US$5.1 Billion Deal
NTT Docomo, the mobile arm of Nippon Telegraph and Telephone (NTT), has announced plans to acquire online bank SBI Sumi... Read more
Visa Click To Pay Goes Live In Hong Kong Via ZA Bank
Visa, a digital payments provider, has announced a partnership with ZA Bank to roll out Click to Pay in Hong Kong today... Read more