Consumer Council Slams Supermarket's Price Freeze
"); jQuery("#212 h3").html("

"); });
2020-09-28 HKT 13:02
The Consumer Council has criticised Wellcome supermarket’s offer to freeze the price of 300 products, saying the offer lacked transparency and that many of the products were hard to find.
The watchdog’s chief executive Gilly Wong told an RTHK radio programme that during a quick search of the some of the supermarket chain's stores over the weekend, its investigators were only able to find 100 of those products.
She said that of the products that investigators did find, only three were not under Wellcome's own brand.
Wong said that it was easier for supermarkets to control the costs of their own brands, and said supermarkets should freeze the price of products that are the most popular and expensive – such as infant formulas and rice – so that it benefits more people.
Two major supermarket chains, ParknShop and Wellcome, are required to pass on to consumers some of the government's anti-epidemic funding they've received. But both have been accused of not going far enough to help those in need.
HSBC Launches TradeCash In Hong Kong To Accelerate Trade Finance Access
HSBC has launched a digital trade finance tool called HSBC TradeCash, allowing businesses in Hong Kong to upload sales ... Read more
HKEX And HKMA Launch Pilot On E-HKD For After-Hours Margin Payments
Hong Kong Exchanges and Clearing Limited (HKEX) and the Hong Kong Monetary Authority (HKMA) have launched a joint pilot... Read more
Can You Trust AI Agents To Stay Within Your Intent?
Checking someone’s ID at the door of a nightclub tells you who they are, but it does not tell you how they will behav... Read more
China CITIC Bank Taps Tencent Cloud For Fintech 2.0 Banking Push In Hong Kong
Tencent Cloud has signed a strategic cooperation agreement with China CITIC Bank International (CNCBI) to support the d... Read more
Payful Launches Cloud-Based Visa Charge Card Programme Via BPC SmartVista
Chinese cross-border payment company Payful has launched a cloud-native Visa charge-card programme for corporate and me... Read more
Hong Kong Banking Taskforce Convenes To Plan Northern Metropolis Financing
The Northern Metropolis Financial Advisory Taskforce held its inaugural meeting on 17 June to discuss the financing nee... Read more
