Hong Kong
Office net absorption hits 160,900 sq ft in February
Hong Kong East is emerging as a preferred destination with rents rising the fastest at 0.5%.
Office net absorption hits 160,900 sq ft in February
Hong Kong East is emerging as a preferred destination with rents rising the fastest at 0.5%.
Employees call for more government upskilling incentives
These could take the form of tax rebates or subsidies.
Property sales down 15.6% in March
Total consideration for sales and purchase agreements fell to $50.5b.
Loan growth poised to crash as home prices falter
Analysts expect the momentum to slow from 16.1% to 14% in 2018.
Clare.ai brings banking to clients' fingertips
Users can better manage finances through real-time correspondence with the virtual assistant.
Inside nakedHub's swanky Hong Kong office spaces
Their Bonham Strand and New Steet hubs combine the best of hospitality and design.
Total deposits down 0.8% in February
Further decline was offset by high savings and time deposits.
New consumer tech launches fail to gain ground in Hong Kong
Ownership of wearable tech only stands at a dismal 9%.
Tax returns issued for 2017-18
However, the one-off reduction for tax duties announced in the budget address isn’t included yet.
Retail sales surge 29.8% to $45.2b in February
Consumer spending hit a seasonal high before the Chinese New Year Festival.
Fintech boom hampered by Hong Kong's small population
Despite optimum business conditions and strong mobile penetration rates, Hong Kong's small population is halting the adoption of various technologies.
US-China trade war could cost one in 5 Hong Kong jobs: FS Chan
The trading and logistics industry, which employs over 700,00 people, remains highly vulnerable.
Government surplus hits $7.16b in February as revenues exceed expenditures
Fiscal reserves similarly stood at a massive $1.13t.
Gaifong offers item rentals online
Items from camping tents to sophisticated gadgets are rented out for $150 a day.
Mortgage loans fall 14.7% to $32.5b in February
Loans for primary transactions plunged18.2% whilst loans for secondary transactions dropped 13.2%.
Housing Authority transfers rates concession to tenants
Maximum total amount is estimated at $2.45b and $50m for domestic and non-domestic licensees.
Two-tiered tax system gazetted
The tax rate for the first $2m of profits will be reduced to 8.25%.
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