Hong Kong
Tender prices in HK construction market to grow 4.0% in 2023
The city's post-pandemic appetite for megaprojects might raise the prices for materials and labour.
HK economy grows 2.7% in Q1
Q1 ended the four consecutive quarters of GDP decline.
Gov't opens northbound travel to Guangdong for private vehicles
Approved applicants can now travel between the city and Guangdong starting 1 June.
Frontline and low-skill roles to become more attractive following wage hike
The government raised the Statutory Minimum Wage to $40 per hour.
Bank of China HK's net profit up 12.3% in Q1
Net income reached HK$15.23b.
What's in? SHOPLINE unveils 4 trends in HK's e-commerce market
The platform said online shopping is steadily growing as its merchants reached over 3.35 million customers in 2022.
Hong Kong banks reminded they may engage with virtual asset entities: central bank
There have been more comments from foreign firms on the difficulties of opening a bank account.
Mox Bank hit HK$170m operating income in 2022
The bank remains dedicated to reaching break-even in 2024, CEO Barbaros Uygun said.
Hong Kong’s livi bank records HK$17m operating income
Its loan balance has surpassed HK$1.3b as of end 2022.
Hong Kong’s residential mortgage loans in red decreases to HK$34.4b
The total cases is at 6,376 by end-March, lower than the over 12,000 cases in 2022.
Gov't raises minimum wage to $40 per hour
Previously, it was $37.5 per hour.
Private flat supply to hit 107,000 in 3-4 years
The latest projection is 2,000 more than the previous estimate.
Bank of East Asia extends Saturday hours of three select branches
The branches can provide personal account opening and general enquiry services.
Embrace ChatGPT don’t fear it!
Dr Michael Tobin who recently visited Hong Kong, gives his opinion on Chat GPT, the artificial intelligence (AI) tool that is causing quite a stir across the academic world globally.
Hong Kong Airlines clinches investment fund for restructuring
The restructuring will help the airline expedite its business recovery.
HKEX income went up 28% YoY in Q1
The profit attributable to shareholders grew to $3.4m in the first quarter of 2023.