News
External environment, cross-border travel disruption weigh business sentiment
Business receipts in the third quarter showed decreases, the C&SD reported.
External environment, cross-border travel disruption weigh business sentiment
Business receipts in the third quarter showed decreases, the C&SD reported.
Office rents to decline 3%-5% in 2023: report
The demand will remain sluggish due to global and local economic situations.
DBS to launch IATA Pay in Hong Kong, Indonesia, Singapore
Airlines can access up to US$20b in savings from payment processing fees.
Asia-Pacific carriers to suffer $10b loss in 2022: IATA
This will narrow to a $6.6b loss in the following year.
Gov’t ramps up efforts to attract global talent
Amongst efforts include the establishment of the Talents Service Unit.
Hang Seng Bank appoints new Chief Marketing Officer
Jordan Cheung will take the position, starting 19 December.
Legislative Councils OKs anti-money laundering bill
The bill requires persons engaging in VA activities to apply for a license from SFC.
What Hong Kongers are saving their money for?
Inflation, however, is hindering them to pursue these goals.
Hong Kong is world’s second most expensive location globally: study
New York City takes the top spot as rents soar, whilst Hong Kong’s property demand fell.
High-profile crypto failures in 2022 drive stricter tax reporting
Tax reporting for crypto is rapidly becoming a global phenomenon.
Retail street rents to decline 10-15% YoY in 2023
Retailers are not optimistic about the sector’s outlook, according to Knight Frank.
First-hand, second-hand residential transactions to hit new low in 2022
Transactions will reach between 48,000 to 53,000 in 2023 from 45,000 in 2022.
Hong Kong’s livi bank, FWD General Insurance launch home insurance plan
Those who avail of the plan can enjoy insurance coverage of up to HK$5m.
Hong Kong rolls out roadmap to boost insurance sector
The roadmap seeks to enlarge insurance firms’ access to other markets amongst others.
Get to know this year’s top executives and companies at the 2022 HKB Management Excellence Awards
Winners were commended in digital awards presentations from 25 November to 9 December.
Hong Kong’s IPO funds to grow ‘nearly double’ in 2023
It is expected to reach between $180b-$200b, the PwC reported.
Port cargo throughput falls 11.1% YoY in Q3
The decrease in both inward and outward port cargo drove the overall decline.
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