Hong Kong
Businesses see 50% increase of bad debt write-offs: study
Almost half of the total value of business-to-business invoices was overdue.
Businesses see 50% increase of bad debt write-offs: study
Almost half of the total value of business-to-business invoices was overdue.
Mainland’s shortened quarantine period for inbound travel could trigger HK to ease: analyst
Quarantine in the Mainland was cut to 10 days from 21 days.
Hong Kong is the priciest housing market in 2021: study
This is due to low incomes.
Sun Life Hong Kong names new general manager for life and health
She is tasked with the firm's business strategy for the Greater Bay Area.
Bank of China HK, Mastercard launch eco-friendly BOC Chill Card
The card offers up to 10% cash rebate and Pay Later options.
Average pay rate went up by 1.8% in March
More than half of firms posted an increase in their average wage rates.
Value of Hong Kong exports drop by 1.4% to $388.1b
The value of exports has fallen behind the value of imports.
The value of Hong Kong exports dropped by 1.4% to $388.1b in May, falling behind the value of imports which rose 1.3% to $424.8b, the Census & Statistics Department said.
Given the decline in export value, the trade deficit clocked at $36.7b or 8.6% of the value of imports.
According to the government, the value of exports declined in May as the “global economy faced increasing headwinds.” It added that exports to the Mainland also fell further in the same month.
Looking ahead, the government said the “worsened global economic prospects will continue to weigh on the city’s export performance.”
“The step-up in monetary policy tightening by many major central banks, the development of the Ukraine situation as well as the pandemic’s lingering threat also add uncertainties,” it added.
Stop the party! Gov’t prolongs social distancing rules until 13 July
Negative tests are required from customers of bars, pubs, clubs, and nightclubs.
Legislative Council OKs bill allowing a tax deduction for domestic rents
It is expected to benefit 430,000 taxpayers.
Xi Jinping to grace meeting marking 25th year of HK’s return to motherland
CE Lam says Xi’s attendance shows central authorities’ support for Hong Kong.
Analyst sees fuel hedging price to go up amidst oil hike
Fuel hedging refers to buying oil in the future at a fixed earlier price.
Urban development project at Kowloon City resumes
The 5,164-square-metre site has 155 private property interests.
Anti-narcotics committee seeks to weed out ‘wide availability’ of CBD
It backs the proposal to control cannabidiol under the anti-drug ordinance.
‘Worse than 2021’ German business confidence in HK at record low
The average score for business confidence was at 2.30.
Ordinance amending telecommunications regulatory framework comes into effect
The ordinance will implement four major measures.
Entertainment, media revenue growth to slow down anew: PwC
The compound annual growth rate will be slower than the global rate.
One chat away: Conversational commerce levels the playing field for brands online
Leaving consumers with unanswered queries can result in $2m missed revenue per day.