News
Hong Kong retains its crown as most expensive location in the world
Higher prices and stronger currency have allowed the city to continue its reign.
Cathay Pacific’s $7.8b bridge loan extended for 12 months
It is effective until 8 June 2023.
China’s finance ministry to issue RMB23b of sovereign bonds in HK
The bonds will be issued in four batches.
Premature to say if HK is facing a sixth wave: Lam
The city has been seeing an increase in positive cases since the beginning of June.
CLP Power, ESR partner to develop sustainable date centres, logistics project
This is in support of Hong Kong’s neutrality goals.
Hong Kong’s Dah Sing Bank temporarily closes Ocean Walk Branch
Staff members will be tested for COVID.
PMI soars to an 11-year high of 54.9 in May: S&P Global
The growth was driven by reduced COVID disruptions.
Gov’t starts 6-month trial scheme for tourism opening of Sha Tau Kok Pier
After the trial, the government will decide whether it will fully reopen Sha Tau Kok town.
Opening of new East Rail Line section to boost home prices
The extension of the East Rail Line will shorten travelling time for residents.
Hong Kong extends stranded vehicle measures
The measures were rolled out last December.
Property sales up 63.8% in May
However, it’s 11.3% lower compared to the previous year.
Port cargo throughput sinks by 13.8% YoY in Q1
The decrease in both inward and outward port cargo drove the overall decline.
1 in 2 Hong Kongers said they have ‘no spare money’ for insurance
This is despite 80% saying they understood the importance of insurance.
Elevating ‘air taxi’ thru helicopter services in Hong Kong, Guangdong sought
Point-to-point air transport will be promoted to high-end travellers.
Gov't to roll out $769m relief for the public transport sector
The relief measures include fuel subsidy and reimbursement for losses.
HK retains operation restrictions on restaurants, bars
Chief Executive Lam said there will be no relaxation before the end of June.
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