'Mask-free Concession Won't Apply For Most Gyms'
"); jQuery("#212 h3").html("

"); });
2022-05-18 HKT 09:26
Less than one in five local gyms will have enough resources to install required ventilation equipment to allow patrons to exercise mask-free when that's permitted from Thursday, a fitness analyst said on Wednesday.
That's among the latest raft of Hong Kong's anti-Covid measures being eased after three months of strict enforcement, but the government said customers can only go mask-free if gyms satisfy specific air-change requirements.
Gordan Yau from Hong Kong Fitness Guide told RTHK’s Hong Kong Today programme that smaller gyms simply don’t have the money to purchase the pricey equipment required.
“It is so tough to ask owners to purchase [air change equipment] after 100 days with zero income”, he said.
“Right now there are around 1,200 gyms and sports venues in Hong Kong. I estimate less than 20 percent of them will spare money to install air change equipment.”
However, Yau doesn’t expect this to deter gym rats eager to get back in shape – even if they have to exercise with a mask on, saying people are used to it already.
“For middle and small-sized gyms, they have around eight to 10 bookings per day, which is good news for owners,” he said.
However, Yau warned it will take a long time for the hard-hit industry to recover, estimating that it has collectively lost around HK$1 billion during the closure, and around 150 businesses shutting down for good between January and March – including major chains such as Goji and Fitness First.
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
