Travel Agency Shuts, Ruining Easter Plans Of Many
"); jQuery("#212 h3").html("

"); });
2018-03-21 HKT 11:06
Around 230 people have had their Easter holiday travel plans scuttled after a travel agency announced overnight that it may close down due to a cash crunch.
The licence of Action Holiday has been suspended after it notified the Travel Industry Council (TIC) on Tuesday night that it was suffering from financial difficulties.
The company told the council that some of the 235 customers affected had bought air tickets or travel packages for the Easter period.
The travel watchdog said it has received six complaints so far, involving around HK$600,000.
But because most of the affected customers did not receive any official receipts from Action Travel, the TIC said it may be very difficult for them to seek redress from the Travel Industry Compensation Fund.
Some of the victims have also filed reports with the police.
Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access
Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more
HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site
The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more
Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects
The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more
Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China
At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more
HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus
The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more
How Gaming Giants Are Redefining The Experience Of Paying
Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more
