Word: fung
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Seated in cubicles in a nondescript office in Hong Kong, 1,500 workers are turning the wheels of the global economy. Employing e-mail and the telephone, these merchandisers at Hong Kong-based trading outfit Li & Fung connect the far-flung dots of today's international manufacturing system. Without leaving their desks, they make sure that Victoria's Secret gets its bras, American Eagle Outfitters its T shirts, and Disney its stuffed Winnie the Poohs. One moment, the workers in Hong Kong are haggling over the phone with fabricmakers for the best price on denim; the next, they're ensuring...
...Tokyo and Hong Kong were unaffected. However, in South Korea, trading in the won, the country's currency, was temporarily suspended on Wednesday because networks were down. In Singapore, after-hours trading in crude oil futures was disrupted because brokers could not access market information from the U.S. Hing-fung Wong, a spokesman for the Hong Kong Monetary Association, says he heard reports of some slowdown in Internet banking services, but there was evidently no major gridlock. The Bloomberg financial news service was unavailable to many companies throughout the region on Wednesday...
...front of Our Lady of Au Bon Pain and Temple CVS. But we’re no frugal Franciscans: we picked up some tips from a B-school case study we found floating in the reeds by the Charles. Once we pack the tour group back on the Fung Wah, we go around to those same illusion priests and collect tithe times three, a cool 30 pieces of silver...
CAMBRIDGE, Mass.—I love the Fung Wah Bus.You’d find that hard to believe if you knew my history with the discount New York-to-Boston bus line. I’ve spent an entire trip sitting in front of a drug dealer who talked on his phone about going to Boston to “make some collections” and, if necessary, “do the John Gotti thing.” I’ve napped on the bus, only to wake up and find a woman performing oral...
...backlash, and in 2004 lawyer and activist Winston Chu won a court fight to block a 26-hectare reclamation project in Wanchai, east of Central. "There is a very strong community call to stop all this continuing infilling of the harbor, which I think is totally valid," says Fung. "But still I think we need to finish it up and build the best waterfront...