Hong Kong
Real GDP forecast revised down to -1.3% for 2019
Revised GDP figures revealed that the economy contracted 2.9% in Q3.
Real GDP forecast revised down to -1.3% for 2019
Revised GDP figures revealed that the economy contracted 2.9% in Q3.
Two-thirds of accountants expect recession spill-over into 2020
2 in 5 expect GDP to decline by over 1%.
Patek Philippe's sole Grandmaster Chime in steel crowned as world's most expensive watch
The watch was auctioned for charity at a whopping price of CHF31m.
Alibaba prices Hong Kong retail investors' offer at up to $188 per share
Up to 575 million shares is up for grabs.
Portion of Kai Tak runway sold for $15.95b
The amount was slashed by up to 20% from the top price range.
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Hong Kong salaries to rise 1.4% in 2020, still amongst Asia's lowest: study
This is well below APAC’s average salary increase of 3.2%.
Business activity sinks to record-low as PMI drops to 39.3 in October
Demand from mainland China fell at the sharpest rate in 21 years.
Singapore's CapitaLand sells Citadines Mercer Hong Kong for $581.1m
The property has an agreed value of $129.4m.
Four mobile networks buy 5G spectrum for $665.13m
The assignment of the spectrum will take effect in December.
SFC to issue virtual asset trading license
The regulator has published a set of standards comparable to licensed securities and trading brokers.
DBS Hong Kong launches fully virtual wealth management account
Customers can now set-up a multi-currency savings and wealth management account through their smartphones.
Property sales down for fifth straight month in October
But total sales consideration soared 44% to $65.6b.
Tech, real estate deals buck PE decline as Chinese deal appetite falls
Exits are becoming tougher and investors have no choice but hold onto assets as returns decline.
Retailers turn to experiential selling to combat sales slump
Brands are urged to enhance their own mobile platforms in an effort to sustain the connection with customers long after they have left the store.
Restaurant receipts down 11.7% to $26.4b in Q3
This is the worst year-on-year decline recorded since the SARS outbreak in 2003.
Retail sales down 18.3% in September
Retail sales are expected to stay weak in the near term as local social incidents continue.