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Bubble weariness has set in for Hong Kong’s tourism industry. After a second postponement of a travel corridor with Singapore recently, businesses are skeptical that plans to restart cross-border travel with mainland China will happen soon. Deep down, however, they fervently hope it will.
The South China Morning Post reported on Friday that borders between Hong Kong and mainland China could reopen for quarantine-free travel as early as next month, likely with neighboring Guangdong for business travel first, then other market segments.
(Shutterstock) A new report by PublicAffairsAsia and Prospect shows that nearly four in 10 PR professionals in APAC saw their salaries frozen in 2020 while 10 per cent saw their pay slips docked. Worryingly, only half of respondents enjoyed salary increases. When the data set is analysed on the basis of agency compared to in-house, those in the latter camp were more likely to receive salary increases last year. Comparatively, six per cent of in-house professionals suffered a salary reduction next to 17 per cent of agency staff. The same proves to be true of benefits and bonuses where 67 per cent of respondents across the board said that benefits remained the same in 2020, while 19 per cent reported reduced benefits. However, with work-from-home policies rolled out last year, a renewed focus on work-life balance was brought to the table with 55 per cent of respondents saying they received some form of benefit such as flexible working hours.