Hong Kong

HKBN interim profit falls 63% to $48.5m

The result represents a drop from $131.58m profit recorded in the six months ending in February 2020.

HKBN interim profit falls 63% to $48.5m

The result represents a drop from $131.58m profit recorded in the six months ending in February 2020.

Grade A office vacancy up slightly to 9.4% in March

Only Central saw its vacancy rate drop during last month.

Emperor International sells industrial building for $508m

The sale shall be by way of transfer of shares of the company.

Hong Kongers shopping more online during the pandemic: report

42% of the respondents shared the sentiment that e-commerce was helping them through the current crisis.

Market Update: HSI down 1.76% on virus resurgence fears

The Hang Seng Index (HSI) closed down by 513.81 points or 1.76% at 28,621.92 on Wednesday. This is due to Asian markets’ growing concerns over resurgence of COVID-19 outbreaks, weighing on global investor sentiments.

ASM Pacific Technology hits record US$1.01b bookings in Q1

It surpassed its US$700m booking guidance for the quarter.

What can drive Hong Kong's economic growth?

JLL has identified eight drivers that will bring Hong Kong to “New Heights”.

Are Hongkongers moving to the Greater Bay Area?

Mortgage applications in the area have risen 40% over the past year.

Hong Kong TV rebounds to $183.6m profit after 2019 loss

The company posted a net loss of $289.9m in 2019 but bounced back during the pandemic.

Redsun Services acquires 80% equity interest in property management companies

The acquisition by its wholly-owned subsidiary has a consideration of $87.8m (RMB73.54m).

ESR secures $3.104b senior unsecured corporate term loan

It is the largest USD corporate loan for ESR to date.

Market Update: HSI up by 0.10% amidst gains for financial stocks

The Hang Seng Index (HSI) closed on Tuesday up by 29.58 points or 0.10% to 29,135.73. This was due in part to gains in financial stocks, as well as capital inflows from the Mainland.

Spot freight rates sail to record high of 7%, after Suez Canal blockage

The rates are expected to reach even greater heights in the near term.

Customs seizes $2.7m suspected fake goods

The haul of contraband included branded shoes, handbags and watches.

Retail sector drove a 22.6% property investment rebound in Q1

Retail-related property transactions worth at least $100m grew by 15.4% year-on-year.

More than 40% of restaurants saw higher revenue in Q1

This represents a jump in growth from the 33% of restaurants that improved results in the the previous quarter.