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A gradual rise in loan demand is being seen as the economy begins to recover, OCBC has said.

Fiscal reserves, meanwhile, stood at $927.8b, as of 31 March.

Nielsen sees a similar trend emerging in key categories such as shampoo and chocolate confectionary.

Financial pressure amongst Hongkongers remains intense, following several waves of the COVID-19 outbreak.

The Q1 performance, however, was lower by 9.8% year-on-year.

The company said the pandemic continues to affect its operations.

Suspension of flights from India, Pakistan and the Philippines have also been extended.

Most of these saw their salaries rise by between 3% and 5%.

The bill is expected to relieve financial burden of taxpayers.

The government said the new social distancing measures would take effect from today, 29 April.

About half of 65 deals done by Savills were situated in non-core areas.

Its net profit for the quarter amounted to $35.7b (US$4.6b).

The first round, suspended in December, will likely resume in May.

The government will accept applications for six months.

The Hang Seng Index extended its recent losses, closeing down marginally by 0.04% or 11.29 points to end at 28,941.54 on Tuesday. This comes as investors await comments from the policy meeting of the US Federal Reserve.

Hong Kong residents may return to the city between 29 April to 16 May.