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.
A16z Crypto Opens First Office In Seoul To Expand In Asia
a16z crypto, the crypto-focused arm of Andreessen Horowitz, has announced its expansion into Asia with the opening of i... Read more
Trio AI And AbbyPay Partner To Integrate AI Into Payment Processing
Trio AI, a Hong Kong-based AI infrastructure service provider, has signed a MouU with AbbyPay, a POS-free digital payme... Read more
Modernising Bank Payments: How Banks Can Win In Merchant Acquiring
Banks have been the backbone of merchant acquiring. Their regulatory strength, trusted brands, and long-standing mercha... Read more
KPay Enables Tap To Pay On IPhone For Hong Kong Merchants
KPay now allows its Hong Kong merchants to accept in-person contactless payments using Tap to Pay on iPhone. The featur... Read more
HashKey Group IPO Targets Up To HK1.67 Billion In Hong Kong Listing
Licensed crypto exchange HashKey Group is intending to raise as much as HK$1.67 billion in its Hong Kong initial public... Read more
Endowus Launches Income Enhanced Portfolio For Professional Investors
Endowus, an independent wealth advisor and investment platform in Asia, has launched its Income Enhanced Portfolio, ava... Read more
