Hong Thai Halts Branch Services To Cut Costs
"); jQuery("#212 h3").html("

"); });
2022-10-26 HKT 21:31
Hong Thai Travel said it had suspended all branch services until further notice, to cut costs during what it described as a "dark tunnel with no end in sight".
An announcement on its website said the branches had been closed since August because of the pandemic. But the travel agency explained on Wednesday that it is trying to minimise costs to stay afloat.
The travel agency said the government's decision to replace mandatory hotel quarantine with three days of medical surveillance last month had brought a bit of hope for the tourism sector, but added the move was not enough.
"After more than two years of [the] pandemic, the travel industry seems to have entered a dark tunnel that has no end in sight," Hong Thai said in a statement.
It pointed out that a lack of income has forced many staff to leave the industry, adding that many travellers now prefer to plan their own trips.
The company said it will run at the lowest cost possible until all border restrictions are lifted.
It added that affected employees will be put on furlough.
EDENA Unveils AI System To Automate Sovereign Asset Settlement
At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more
Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls
Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more
Japans PayPay Files For US IPO, Targets Valuation Above US$10B
SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more
Inference Research Launches In Hong Kong With US$20M Seed Funding
Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more
London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion
London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more
SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership
SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more
