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Rachel Yeo

Hong Kong, Hong Kong
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About Rachel
Rachel is a Hong Kong based journalist available for writing, photography and videography work.
She is currently covering Hong Kong's ongoing political turmoil stemming from the controversial extradition bill. 

Rachel has previously worked in the Hong Kong desk at South China Morning Post. As a final year student, she is also a deputy editor for The Young Reporter, an English-language news publication based in Baptist University.
Languages
English Chinese (Mandarin)
Services
Video Package (Web / Broadcast) Interview (Video / Broadcast) Vox Pop
+10
Skills
Politics Current Affairs Entertainment & Celebrity
+9
Portfolio

India IT Valuations Get Reality Check: Asia Earnings Week Ahead

08 Jan 2024  |  news.bloomberglaw.com
India's IT services giants, including Infosys Ltd. and Tata Consultancy Services Ltd., may face challenges justifying their valuations as they begin Asia's reporting season with expected weak earnings, the weakest in years. Despite a 12% rally in the tech sector index over the past three months, IT earnings are still under pressure.

Carmaker Earnings to Show Intensity of EV Competition in Asia

20 Oct 2023  |  financialpost
Major automakers in Asia are expected to reveal more about the competitive landscape for electric vehicles as the industry focuses on transformation and decarbonization. BYD Co. reported record third-quarter earnings, while Tata Motors Ltd. shares hit a new high. Toyota Motor Corp. is making a significant push into electric vehicles under new CEO Koji Sato. HSBC Holdings Plc and Macquarie Group are under scrutiny, with the latter expected to miss earnings consensus. GoTo Group faces concerns over share sales and competition. Larsen & Toubro and Bharti Airtel are expected to show profit growth, while Toyota's second-quarter profit is anticipated to expand due to robust production and a weak yen.

Hong Kong Train Services Disrupted by Anti-Government Protests

24 Jul 2023  |  South China Morning Post
Anti-government protests in Hong Kong on Wednesday morning led to significant delays and disruptions in train services as protesters targeted the MTR Corporation, demanding accountability for not protecting passengers during violent attacks at Yuen Long station on Sunday. Protesters obstructed train doors at Admiralty station, causing delays and a standstill at North Point station. Commuters faced inconvenience, with some supporting the protests and others frustrated by the impact on their daily lives. MTR operations were affected, with an increase in train delays compared to normal days. The MTR Corp CEO expressed respect for public opinion and a willingness to improve services.

3 Hong Kong parents, businessman charged by ICAC over bribes totalling more than HK$340,000 to secure kindergarten slots

09 May 2023  |  South China Morning Post
Three parents and a merchant in Hong Kong have been charged by the Independent Commission Against Corruption for offering bribes totaling HK$340,000 to secure kindergarten placements at ESF Wu Kai Sha International Kindergarten. The bribes were allegedly made to former administrator Fatima Rumjahn between 2019 and 2021. The defendants face charges under the Prevention of Bribery Ordinance and Crimes Ordinance and are set to appear in court. The ICAC has previously charged Rumjahn and other parents in a related bribery case involving over HK$900,000.

Hong Kong’s economy grew 2.7 per cent in first quarter, John Lee reveals

08 May 2023  |  South China Morning Post
Hong Kong's economy grew by 2.7% in the first quarter, ending four consecutive quarters of contraction, with Chief Executive John Lee attributing the growth to promotional activities that stimulated tourism and consumption. Over 760,000 tourists visited during the Labour Day golden week, with expectations of 600,000 mainland tourists by the holiday's end. The 'Happy Hong Kong' campaign and e-vouchers are part of efforts to strengthen economic recovery. The IMF has lowered Hong Kong's growth forecast to 3.5% for the year, while economists from Natixis and ING provided analysis on the recovery's pace and potential challenges from a forecasted US recession.

Most Japanese firms in Hong Kong keen on expanding operations to regions covered by world’s largest free-trade pact, survey finds

08 May 2023  |  South China Morning Post
At least 60% of Japanese-affiliated companies in Hong Kong are interested in expanding operations to regions covered by the RCEP, including the Greater Bay Area and Asean. Despite Hong Kong not being a member of RCEP, 90% of surveyed companies believe the city's strength lies in its business networks with mainland China. The survey by the Trade Development Council found that Hong Kong's free flow of capital and efficiency as a transshipment hub are key advantages. Chief Executive John Lee Ka-chiu noted that RCEP economies accounted for a significant portion of Hong Kong's trade. The survey indicates that Japanese companies see Hong Kong as a strategic hub for RCEP-related business, with plans to expand into the bay area and Asean regions.

How phone fraudsters tried to trick an SCMP reporter into giving up her Hong Kong bank details with lure of easy money

05 May 2023  |  South China Morning Post
A South China Morning Post reporter recounts an encounter with phone fraudsters attempting to obtain her Hong Kong bank details through a fake job offer. The scam involved a fraudulent software company named Rocketech, promising high commissions for minimal work. The reporter used the Hong Kong Police's Scameter tool to verify the scam and avoided becoming a victim. Expert Francis Fong Po-kiu highlighted the psychological tactics used by scammers and advised the public to ignore suspicious messages and use anti-scam resources.

110,000 mainland Chinese tourists leave Hong Kong on first day of ‘golden week’

30 Apr 2023  |  South China Morning Post
During the Labour Day golden week, Hong Kong saw a significant influx of mainland Chinese tourists, with hotels near popular destinations reaching high occupancy rates. High hotel prices and convenient travel options influenced tourists' decisions to not stay overnight. On the second day of the holiday, over 329,000 people entered Hong Kong, while about 341,000 departed. Mainland tourists accounted for 86% of inbound travelers on the first day. There were chaotic scenes at the Star Ferry Pier, and the cultural district's museums reported record visitor numbers. The golden week holiday is the first extended break since China dropped its Covid-19 travel restrictions, with an estimated 600,000 mainlanders visiting Hong Kong.

Hong Kong’s ‘golden week’ visitors could boost restaurant sector by 20 per cent, but industry warns staff shortages may create long queues

28 Apr 2023  |  South China Morning Post
Hong Kong's food and catering sector anticipates a 20% increase in business during the mainland China 'golden week' holiday, despite a significant staff shortage that could result in long queues for diners. Kam Kee Holdings, which operates 44 restaurants, is concerned about its ability to serve the influx of tourists due to manpower shortages, despite offering higher salaries. The Hong Kong Federation of Restaurants and Related Trades confirms the staff shortage, with an estimated deficit of over 60,000 workers. Harbour Cruise – Bauhinia, a cruise operator, does not expect strong business growth as it mainly relies on tour groups, and the majority of visitors are predicted to be individual travelers. The Travel Industry Council estimates 600,000 mainland visitors, with 80% being individuals. Food court operator Food Republic is listed as a recommended dining spot but has not made special arrangements for tour groups.

Hong Kong hotel room rates surge ahead of Labour Day ‘golden week’ holiday

25 Apr 2023  |  South China Morning Post
Hong Kong hotel room rates have increased up to five times ahead of the Labour Day 'golden week' holiday, with industry leaders optimistic about reaching 90% occupancy rates despite slower bookings compared to pre-pandemic years. Prices remain 10% below 2018 and 2019 levels. The Travel Industry Council expects 600,000 mainland visitors, fewer than in 2019. The government's 'Happy Hong Kong' campaign aims to boost tourism and includes free air tickets and events. Cathay Pacific released over 27,000 tickets to promote travel. Despite the surge, Easter weekend saw sluggish business in catering and retail, with mainlanders constituting the majority of visitors.

Hong Kong cut tourism sector funding by 40 per cent, despite spending HK$784 million of taxpayer dollars on loss-making Ocean Park

20 Apr 2023  |  South China Morning Post
Hong Kong's tourism sector faces a 40% funding cut despite the government spending HK$784 million on the loss-making Ocean Park. Lawmakers and industry leaders criticize the decision, highlighting the sector's struggle to recover post-pandemic. Ocean Park's financial woes continue, with failed bids for new projects and fewer visitors than expected. The government plans to promote the park and develop new attractions, but concerns remain about the effectiveness of these measures.

Hong Kong consumer watchdog warns of heavy metals and pesticides in dried goji berries, 2 samples exceed European limit for lead

17 Apr 2023  |  South China Morning Post
All 27 samples of dried goji berries tested by Hong Kong’s Consumer Council contained various heavy metals, with two samples nearing the local lead limit. Pesticides were found in 70% of the samples, though within local and European standards. The council urged reduced pesticide use and advised proper handling of goji berries to minimize health risks. The Centre for Food Safety confirmed that all results met Hong Kong’s legal requirements. The findings highlight the need for better pest control practices and consumer awareness.

Investors Favor Japan During Earnings, Shunning China and India

31 Mar 2023  |  winnipegsun
Investors have shown a clear preference for Japanese stocks during the Asia-Pacific earnings season, while shunning those in Hong Kong, China, and India. Japan's Topix 500 has rallied 18% year-to-date, supported by a weak yen, with significant gains for companies like Toyota Motor Corp. In contrast, Hong Kong's Hang Seng Index and China's CSI 300 have underperformed due to property issues and trade frictions with the US. Indian earnings have also been lackluster, with many companies missing estimates. Key highlights include positive earnings expectations for Kweichow Moutai and Samsung Electronics, while Tencent Holdings posted disappointing results.

9 million people expected to pass through Hong Kong’s border control points over Ching Ming Festival, Easter as authorities estimate post-Covid visitor surge

30 Mar 2023  |  South China Morning Post
Hong Kong's Immigration Department anticipates over 9 million people will travel through the city's border control points during the Ching Ming Festival and Easter, marking a sharp increase from last year's figures. The majority of travelers are expected to use land boundary control points from April 1 to 10. The department has taken measures to handle the surge, including minimizing leave for frontline officers, operating extra clearance counters, deploying additional security guards, and coordinating with mainland officials. Citybus and Long Win Bus will increase services to border checkpoints and the airport. Additionally, the department announced new online services for birth and death registrations.

Hong Kong star Tony Leung’s rocky path to top award at the prestigious Venice Film Festival

29 Mar 2023  |  South China Morning Post
Tony Leung, a renowned Hong Kong actor, is set to receive a lifetime achievement award at the Venice Film Festival. His career began with TVB in 1982, and he has since starred in numerous acclaimed films, including 'In the Mood for Love' and 'Infernal Affairs.' Leung's acting has earned him international fame, notably with his role in Marvel's 'Shang-Chi and the Legend of the Ten Rings.' Officials and industry figures, including Venice festival director Alberto Barbera, have praised Leung's contributions to cinema. His wife, actress Carina Lau Kar-ling, also celebrated his achievement on social media.

Asia Bank Margins to Dip as Rate Hikes Sink in, Bad Loans Grow

23 Jan 2023  |  BNN
Asia's largest banks are set to report earnings with a focus on lending margins affected by peaking interest rates and bad loans, particularly from China's real estate sector. HDFC Bank's positive report contrasts with challenges faced by Wall Street banks and Japan's Nomura. Upcoming reports from United Overseas Bank and Standard Chartered are expected to show flat-to-lower margins. China Construction Bank may reveal impacts from the property loan crisis, while Reliance Industries is anticipated to have strong results. Other companies like Nidec, CNOOC, and SK Hynix will also report earnings, with various factors influencing their financial outcomes.

Youth participation in Hong Kong politics

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Fear grips Hong Kong’s international students enjoying summer break at home as tensions run high over anti-government protests

17 Aug 2019  |  South China Morning Post
The article discusses the concerns of international students and their families regarding the ongoing political crisis in Hong Kong, which has escalated from peaceful rallies to violent confrontations. Students from Baptist University and other institutions are uncertain about their safety and the continuation of their studies due to the protests stemming from the now-abandoned extradition bill. The Independent Commission Against Corruption (ICAC) is investigating the police's failure to protect the public during a violent incident at Yuen Long MTR station. Despite the unrest, local universities like Baptist University are taking measures to ensure student safety, and some students, such as those from Chinese University, have not felt threatened by the protests. The article also highlights the attractiveness of Hong Kong as a study destination for international students due to its global connections and English-taught degree programs.

Anti-government protesters severely disrupt Hong Kong International Airport for second day running

13 Aug 2019  |  South China Morning Post
Anti-government protests at Hong Kong International Airport have led to significant disruptions for a second consecutive day, with the Airport Authority suspending check-in services for all departing flights. The protests, which began in the check-in area and spread to the departure gates, have resulted in flight cancellations and delays, affecting thousands of passengers. Some travelers expressed frustration and anger, while others were sympathetic to the protesters' cause but criticized the impact on their travel plans. Airlines, including Cathay Pacific Airways and Hong Kong Airlines, have condemned the protests for the disruption caused. The Civil Aviation Administration of China has made arrangements to assist travelers, and Air China has added extra flights. The protesters are demanding the full withdrawal of the extradition bill and an independent investigation into police actions, among other things.

Hong Kong protests: how the city’s Reddit-like forum LIHKG has become the leading platform for organising demonstrations

03 Aug 2019  |  South China Morning Post
The article discusses the role of the online forum LIHKG in the Hong Kong protests against the extradition bill. LIHKG, established in 2016, has become a central platform for protesters to organize, share information, and raise funds. It is compared to Reddit but is preferred by locals as it primarily uses Cantonese. The forum played a significant role in crowdfunding for international newspaper adverts during the G20 summit and has been a space for anonymous political discourse. However, the use of LIHKG has also raised concerns about cybersecurity and doxxing. The article also touches on the cultural impact of the protests, mentioning the adoption of Bruce Lee's phrase 'Be water, my friend' as a protest mantra.

Hong Kong’s tech-savvy youth turn to memes to punctuate extradition bill protests

28 Jun 2019  |  South China Morning Post
The article discusses how young Hongkongers are using memes as a form of protest against the controversial extradition bill. A 16-year-old student, Ho, turned his meme page into a platform for political expression when his parents forbade him from joining the protests. The article highlights the growth of meme pages like @dankmemeshongkong, @memes.hk, and @Hkmehmeh, which have seen a surge in followers and are being used to spread awareness and criticize the bill, the government, and the police. It also mentions the caution exercised by meme creators in concealing their identities due to fear of backlash. The article includes insights from Professor Clement So of the Chinese University of Hong Kong, who notes the effectiveness of memes in communicating with younger audiences and the improved use of the internet for political purposes since the 2014 Occupy protests.
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