News

Entertainment, media revenue growth to slow down anew: PwC

The compound annual growth rate will be slower than the global rate.

Sleekflow bags $62.79m in Series A funding round

The new round followed a seven-figure pre-series A funding round last year.

Inflation up by 1.2% YoY in May

It is smaller than the increase in April 2022 with 1.3%.

Grade A office market’s net absorption hits 129,000 in May

It is the eighth consecutive month that the office market had positive take-up.

Gov’t forms committee on digital economy development

The committee will be led by the Financial Secretary. 

Waterfront Site at Hoi Yu Street tender closing date moved to 25 July

The original closing date was 7 July.   The tender for The Remaining Portion of Inland Lot No. 8590 and The Remaining Portion of Inland Lot No. 8723 at Hoi Yu Street, Quarry Bay, was moved to noon of 25 July upon request of potential buyers.   Originally, the tender was to close on 7 July.   “We receive requests from most of the potential buyers demanding extra time to study the property thoroughly and make informed internal discussion,” CBRE, the property’s marketing agent, said.   CBRE said the property received interest from developers from Hong Kong and China, real estate investment trusts (REITs), institutional funds, family offices, and private investors.   The site for sale is expected to be developed into a large-scale mixed-use complex for commercial, leisure and tourism use.

Gov’t OKs $10b wage subsidies for 1.2 million workers

It represented about 86% of all applications received from workers.

Deadline for 5G subsidy applications extended to 31 December

The $100m scheme was launched under an anti-epidemic fund.

livi bank, Mastercard offer private film screening at the CORONET

Each booking entitles users to a 20% cash back and a bottle of Prosecco.

Hong Kong insurance regulator bans broker over hiding of payment mistake

The broker then tried to shift the blame to his client.

3 in 5 in-store shoppers browse candy shops for holiday gift ideas

Online shoppers, however, tend to look to video games and electronics for inspiration.

Joblessness drops to 5.1% in May

The total number of unemployed people stands at 191,400.

Zenity, rare riverside project, to launch in Vietnam: CLD

The launching includes foreign quotas with starting prices from $617,495.

Exports rise for the first time in 12 months

It grew 6.3 points to 30.9 points in the second quarter of 2022.

Majority of full-time workers received pay hike: study

The remaining workers had unchanged pay or reduced salary.