Asia
US businesses ‘fear internet curbs in Hong Kong’
US businesses in Hong Kong fear mainland Chinese internet curbs and want local authorities to commit to the free flow of information, the head of the city’s American Chamber of Commerce said Monday.
Hong Kong has long marketed itself as an international business centre, free from China’s controls and the “Great Firewall” used to censor online content.
But Beijing has started remoulding the city in its own authoritarian image as it cracks down on dissent following huge and often violent pro-democracy protests two years ago.
A sweeping new security law imposed last year has criminalised much dissent and given authorities a suite of new controls, including internet takedown powers.
The latest measure to worry business owners is a proposed privacy law that will hold international tech companies and their employees criminally liable for illegal content that users post.
Tara Joseph, president of the local American Chamber of Commerce, said the government needed to address the business community’s concerns.
“One of the key attributes of Hong Kong is that you can go onto Google, you can go onto Facebook and any other platform you want versus what you can do in mainland China,” she told Bloomberg Television.
“So I do think it’s important for the government to recognise that and to be open and say we’re going to maintain that free flow of information.”
On Friday, the United States issued a rare advisory, warning businesses of the “growing risks” of operating in Hong Kong as China clamps down there.
The advisory highlighted concerns about data privacy, transparency and access to critical business information, as well as the risk of breaching US sanctions against Chinese officials and entities.
“It’s unusual for the US government to put out a business advisory, so something like that has shaken awake anyone who wasn’t aware of the changes or the new normal that we’re experiencing in Hong Kong,” Joseph said.
Businesses in Hong Kong were adapting to legal and political changes in the city, she added.
“But there are increased risks,” she said.
In a flurry of statements over the weekend, China and Hong Kong’s governments lambasted the US advisory and dismissed concerns that the city was losing its competitive edge.
The Liaison Office, which represents the central government in Hong Kong, vowed that Beijing would deal a “head-on blow” to Washington in response to the warning and the sanctions on seven more Chinese officials.
Joseph said most businesses still felt the city was a good place to be. But the national security crackdown was ushering in new changes.
“You have to separate whether the national security law is tapping away at any other aspect of law that would affect companies, such as commercial law,” she said.
“There’s nothing obvious there right now. But it starts to set people questioning those things.”
— AFP
Asia
Up to 200 athletes tested for doping so far at Asian Games
Between 150 and 200 Asian Games athletes tested for doping, yielding no positive results. Anti-doping efforts emphasized for a clean event, focusing on record-breakers.
HANGZHOU, CHINA — Between 150 and 200 Asian Games athletes have already been tested for doping, the Olympic Council of Asia said on Monday, with no positive results so far.
Speaking at an anti-doping press conference on the second full day of the Games in the Chinese city of Hangzhou, the OCA said dope-testing was “gaining momentum” at the event.
Mani Jegathesan, an adviser to the OCA anti-doping committee, warned that drug cheats would be rooted out.
Up to 200 athletes have been tested so far, he said, but any positive results will take several days to come through.
“Every athlete participating in these Games must understand that they could be picked at any time,” Jegathesan warned.
“That is the best step to ensuring we have a clean event.”
There are about 12,000 athletes at the 19th Asian Games, more competitors than the Olympics, and Jegathesan admitted it would be impossible to test them all.
Instead, they will prioritise, including picking out those who break world or Asian records.
— AFP
Asia
Foodpanda’s restructuring amid sale speculations
Food delivery giant Foodpanda, a subsidiary of Delivery Hero, announces staff layoffs in the Asia-Pacific region, aiming for increased efficiency. This move coincides with ongoing talks about potentially selling parts of its 11-year-old business.
Foodpanda, a subsidiary of Delivery Hero, is initiating undisclosed staff reductions in the Asia-Pacific region, as discussions continue regarding the potential sale of a portion of its 11-year-old food delivery business.
In a memorandum circulated to employees on 21 September, Foodpanda CEO Jakob Angele conveyed the company’s intent to become more streamlined, efficient, and agile.
Although the exact number of affected employees was not disclosed, the emphasis was on enhancing operational efficiency for the future.
No mention was made in the memo regarding the reports of Foodpanda’s potential sale in Singapore and six other Southeast Asian markets, possibly to Grab or other interested buyers.
Foodpanda had previously conducted staff layoffs in February and September 2022. These actions come as the company faces mounting pressure to achieve profitability, particularly in challenging economic conditions.
The regulatory filings of Foodpanda’s Singapore entity for the fiscal year 2022, ending on 31 Dec, indicated a loss of S$42.7 million despite generating revenue of S$256.7 million.
Angele further explained that Foodpanda intends to review its organizational structure, including both regional and country teams, with some reporting lines being reassigned to different leaders. Additionally, certain functions will be consolidated into regional teams.
Expressing regret over the challenging decisions, Angele assured affected employees of a severance package, paid gardening leave, and extended medical insurance coverage where feasible.
Foodpanda will also forego the usual waiting period for long-term incentive plan grants, and vesting will continue until the last employment date. Employees will retain all vested shares as of their last day of employment.
Foodpanda, established in 2012 and headquartered in Singapore, became a part of Delivery Hero in 2016. The company operates in 11 markets across the Asia-Pacific region, excluding its exit from the Japanese market last year.
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