Retailers Ask Landlords To Slash Rents
"); jQuery("#212 h3").html("
"); });
2019-08-22 HKT 21:35
Share this story
Retailers have called on landlords to cut shop rent by half for six months to ride out the ongoing turmoil "together".
In a letter addressed to all shop owners, the Retail Management Association said business started going downhill in June and sales have now suffered double digit drop.
It said most retailers saw sales plummet more than 50 percent from the beginning of this month.
The association warned that some shops may have to cut staff or even shut down.
It called on the government to help the trade with specific measures such as financial subsidy and rates waiver.
Eric Trump To Speak At Bitcoin Asia 2025 In Hong Kong
Eric Trump, the second son of US president Donald Trump, is set to speak at the upcoming Bitcoin Asia 2025 conference i... Read more
Hong Kong Digital Banking Survey Reveals User Concerns And Growth Potential
ECHO ASIA, partnering with students from Global Business Studies, CUHK Business School, announced the release of the H... Read more
InvestHK Attracts HK$160 Billion In 2025, With Fintech As Top Sector
Invest Hong Kong (InvestHK) announced on 7 July 2025 that it supported over 1,300 overseas and Mainland companies in se... Read more
ZhongAn Online Completes US$500M H Share Placement To Fuel Core Insurance Growth
ZhongAn Online P & C Insurance Co., Ltd (Zhong An, HKEX:6060) announced the completion of its H share placement on ... Read more
Beyond KYC: How Technology Is Transforming The Fraud Prevention Game
Digital wallets and cryptocurrencies are two of the most targeted channels for fraud this year, according to SEON’s 2... Read more
2025 Hong Kong Fintech Report: What You Need To Know
Hong Kong is hitting the gas when it comes to fintech innovation, regulation and adoption. From the passage of the Stab... Read more