News

HKMA raises its base rate to 4.75%

The new rate took effect on 15 December.

HKMA raises its base rate to 4.75%

The new rate took effect on 15 December.

HSBC to stop funding new oil and gas projects: report

They will continue to finance energy companies at a corporate level to help them transition.

Gov’t axes contact tracing mandate in establishments

The Vaccine Pass arrangement, however, will remain in force.

Hang Seng Bank warns of fake KOL Hazel Instagram account, website

The bank said that it will never ask customers to log in through embedded links.

Lands Department to continue works at Mong Kok site

The resumption is for the enforcement of an urban renewal project.

Fast tracking land dev’t processes won’t preempt LegCo’s functions: gov’t

The Development Bureau is eyeing to accelerate land production.

HK, Guangdong adjust cross-boundary goods vehicle transport arrangement 

The governments adjusted the arrangement to a point-to-point mode.

Gov’t to US: Withdraw erroneous ‘tariff measures as early as possible’

The global trade body said the tariffs on steel imports violated trade measures. 

Global recovery boosts increases in inward, outward DI

Total inward and outward direct investments went up by 17% and 12.1%, respectively.

Hong Kong economy may expand by 3.5% in 2023: BEA

The economy is expected to contract by around 3% in 2022. 

Government proposes measure to expedite development procedures

The bill outlined five directions to amend the current procedures.

Rent level for new public housing flats set

The rent will apply to 7,595 flats in Lai Yiu and Hei Yiu Estates.

Hong Kong’s Fusion Bank offer digital loans for BYD electric cars

The loan has an annual percentage rate (APR) of as low as 3.9%.

Gov’t cuts quarantine period to 5 days

Patients and close contacts, however, must obtain negative test results first.