Indian parents spend Rs 12.25 lakh on children’s education, Hong Kong leads with Rs 85.67 lakh

In a fiercely competitive job market today, education is highly prioritised by parents, with Hong Kong residents shelling out $132,161 (Rs 86 lakh) on their children’s school or university tuition fees, books, transport and accommodation – the highest in the world. Indians, meanwhile, are spending $18,909 ( Rs 12.25 lakh) while the world average spending on children from primary school to university undergraduate levels is about $44,221 (Rs 29 lakh), says an HSBC report: Higher and higher, The Value of Education series. About 89% Indians fund their children’s education, 79%…

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ONYX to bring Mosaic brand to Hong Kong in late 2016

International hospitality provider ONYX Hospitality Group has announced a new management agreement for a project in Hong Kong, paving the way for the first Mosaic Collection property in this dynamic city. Located at 108 Soy Street in Mongkok, Hotel 108 will be surrounded by a variety of hip and trendy dining and entertainment options. Mongkok is a major hub in the Asia’s world city that blends the taste of local life with tourism, bringing together some of the most noteworthy spots – the local street food heaven at Dundas Street;…

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