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Can Hongkong Post be saved or should it become a taxpayer-funded public service?
Hongkong Post’s worsening financial situation may require not only an injection of funds but also a return to being a government-funded department providing basic public services, observers have said. The analysts’ views follow the authorities’ plan to inject HK$4.6 billion (US$587 million) as a lifeline to support Hongkong Post’s operations over the next three years, amid similar losses faced by postal operators worldwide. Hongkong Post has operated on a self-funding basis since 1995,...
Death of Hongkong Post? Mounting losses, dwindling demand cast shadow over service
In Hong Kong’s busy commercial area of Causeway Bay, a post office located in a major shopping centre served just a few dozen customers during lunch on Thursday. Across 90 minutes, when nearby restaurants and shops were filled with residents pressed for time, the post office stayed mostly empty, its workers outnumbering the people they were serving. Hongkong Post is struggling with the same existential threat facing other traditional mail service operators worldwide: how to stay relevant in a...
Hong Kong to keep ‘open mind’ on options for struggling postal service
Hong Kong authorities have vowed to develop a long-term road map for the city’s struggling self-financing postal operator and keep an “open-mind” on all options, including privatisation or turning it into a traditional department. Acting Secretary for Commerce and Economic Development Bernard Chan Pak-li revealed the move at the Legislative Council’s economic development panel meeting on Tuesday, saying the proposed HK$4.6 billion (US$587 million) cash injection to Hongkong Post was intended...
Hong Kong principal fired over Singapore row says he will seek legal advice
Hong Kong principal fired over Singapore row says he will seek legal advice Lee Cheuk-hing apologised again for the swearing incident, but said that he was shocked by the immediate dismissal. A Hong Kong school principal who was sacked after he swore at security guards during a student trip to Singapore has expressed “shock and regret” over his immediate dismissal, saying he will seek legal advice on his employment rights. Lee Cheuk-hing, former principal of San Wui Commercial Society...