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.

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.

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.

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.