Vendors Expecting Drop In Business This Mother's Day
"); jQuery("#212 h3").html("

"); });
2023-05-14 HKT 11:58
Hong Kong's families are marking Mother's Day on Sunday, though flower sellers say the festival isn't bringing the traditional big boost in sales.
Vendors at the Mong Kok Flower Market said they've seen far fewer customers in the morning, and they're expecting a 60-percent drop in business compared to last year.
They said consumers have been more cautious with their spending these days, adding that the rainy weather may have dampened sentiment.
"I am giving flowers to my parents – cheap flowers because I am poor," one boy told RTHK.
"We planned some outdoor activities, but it's raining heavily, so we're going to the flower market and will go to a restaurant to have dinner," another woman, surnamed Lau, said.
Some restaurants told RTHK that they've recorded a substantial jump in business from last year, saying the lifting of Covid restrictions meant more people could enjoy their meals together.
Meanwhile, Chief Executive John Lee said he’s prepared two bouquets of flowers for the two most important “mothers” in his life – one being his mother and the other being his wife.
“Wishing all mothers in the world a Happy Mother’s Day!” he wrote on social media.
_____________________________
Last updated: 2023-05-14 HKT 15:59
Manulife Names Wilton Kee As CEO For Hong Kong And Macau
Manulife has appointed Wilton Kee as the new Chief Executive Officer for its Hong Kong and Macau operations, effective ... Read more
Banks Are Not Ready For AI | Singapore AI CxO Roundtable
In this exclusive roundtable jointly hosted by Fintech News Network and Alteryx, senior banking leaders in Singapore sh... Read more
Mizuho Bank To Invest In Rakuten Bank In October
Mizuho Bank will shift its investment into a 5.81% stake in Rakuten Bank, according to Japan Today. The move allows the... Read more
Forthright Subsidiaries Secure SFC Approval For Virtual Asset Services Across 3 Licenses
Forthright Securities and Forthright Capital have received approval from the Securities and Futures Commission (SFC) to... Read more
SFC Names Elisa Ng To Lead Investment Products, Reappoints Lisa Chen
The Securities and Futures Commission (SFC) has appointed former J.P. Morgan Asset Management executive Elisa Ng as its... Read more
Mastercard And JD.com Partner To Expand Cross-Border Payment Options In China
Mastercard and JD.com have entered a strategic partnership to develop cross-border supply chain finance tools for busin... Read more