Hong Kong

There were hidden exchange rate markups when sending cash overseas.

The fifth COVID wave in Hong Kong has brought unprecedented challenges to small-and-medium-sized businesses (SMBs) but signs of recovery are already starting to emerge. A recent survey conducted by CPA Australia found that 57% of SMB respondents expect their revenue to stay at a normal level or even grow in the next three months.

About 78% of those surveyed said they are also having access issues to materials.

This will mark the first contraction since Q4 2020.

Amongst the hardest hit was retail, recording a 6.8% QoQ drop in high street shop rents.   It may take a longer time before things get better for the commercial property market, as the fifth wave slowed down its path to recovery.

Customers can earn rewards of up to $2,000.

This marks a 9% rise from the survey in 2021.

White & Case moving to York House, property under Hongkong Land.

It posted a 64.7 score which is an unchanged status from 2020.

This is on the back of sustained investor interest for quality assets.

It will be sold via public tender.

Despite the challenges arising from the ongoing global pandemic, Hong Kong, with its expertise and massive capital flows in the insurance market, will always be the Asian hub for multinational insurers

Premium starts at HK$200 per employee annually.

The easing is part of the three-stage relaxation that CE Lam announced in March.

Investors are converting hotel assets into co-living spaces.

The Sandbox’s Mega City district is touted as a culture hub inspired by Hong Kong.