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Business & Market Discussions / View from Japan / CEO - Cachet Group / Personal Finance

2019-08-13

Business & Market Discussions / View from Japan / CEO - Cachet Group / Personal Finance

2019-08-13
Hong Kong International Airport cancelled all departures after 4 p.m. yesterday, as thousands of anti-government protesters occupied the terminal and caused disruption. Authorities also cancelled incoming flights except for those that were already headed to Hong Kong. The cancellations led to thousands of travellers stranded and roads leading to the airport were paralysed with heavy traffic.
 
Cathay Pacific has warned staff that they could be fired if they "support or participate in illegal protests". CEO Rupert Hogg said that the airline was obliged to comply with the new rules set out by the Civil Aviation Administration of China. On Friday, the regulator ordered Cathay to submit a list of the identities of staff working on flights to the mainland or passing through its airspace. It warned any staff members involved in illegal protests would be banned from such flights.
 
South Korea has said it will take Japan off its favoured trade partners' list. The move is in retaliation to Tokyo’s decision earlier this month to do the same to South Korea. Industry Minister Sung Yun-mo said Japan would be placed on a newly created restrictive trade list instead.
 
On today’s Money Talk are Connie Bolland of Economic Research Analysis and Brad Gibson at Alliance Bernstein. Providing the view from Japan is Marcel Thieliant from Capital Economics. After 8:30, we meet with Angela Chow, Founder & CEO of the Cachet Group. We also take our weekly look at personal finance matters with David Kneebone, General Manager of the Investor and Financial Education Council.
 

Money Talk

A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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