Hong Kong Business

Hong Kong Airlines increases staff salaries by 3.8%
The increase follows a commendable operational recovery in 2023.
Consumer prices increase 1.7% YoY in January
Compared to December 2022, the increase in inflation was more moderate. 
Multinational companies offer more flexible work options 
Only four in 10 MNCs have a five-day in-office work. 
BSD home sales increases moderately after relaxation of cooling measures
There were 16 home sales involving BSD between November 2023 - January 2024.
Hong Kong to prepare region as leading international maritime centre
^ "https://vimeo.com/911402512"
The city advances LNG bunkering initiatives, aiming for greener maritime operations by next year.
Bank of East Asia unveils mobile app with personalised interface
Users can create shortcuts for frequently performed tasks and can avail of rewards.
Cathay Pacific’s passenger volume soars 66.4% YoY in January 2024
The airline carried 1.7 million passengers during the month.
GHG emissions tools launched in HK
These tools will assist SME and financial firms in the city with sustainability reporting.
AI growth spurs HK data centres demand surge
Global data creation is expected to double in the next five years.
HKTDC outlines priorities to boost global business, C&E hub 
Amongst the focus areas is strengthening presence in the GBA.
Hong Kong's Forbes 50 richest combined wealth falls 9%
Hong Kong’s wealthiest saw his fortune dip by 7%.
HK insurance firms willing to invest in tech attract candidates in the sector
Insurers in Hong Kong earn HK$18,000 to HK$200,000, depending on the applicable department and job role or level.
1.43 million flock to Hong Kong during Golden Week
Around 1.255 million travellers were from the Mainland.
Gov’t sets up 'Silver Economy' panel
The panel will explore the economic potential of Hong Kong's growing elderly population.
EU removes HK from tax cooperation watchlist 
The city’s removal follows the implementation of a new foreign-sourced income exemption regime.

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Exclusives

Exclusives

Shipping & Marine Hong Kong eyes late 2024 to early 2025 for LNG bunkering
Transport Minister Lam Sai-hung noted, however, that supply remains a challenge.
Shipping & Marine Hong Kong draws on Singapore for modern, green port development
Smart logistics is an area of collaboration Hong Kong intends to push with Singapore.
HR & Education HK scraps MPF Offsetting Scheme to enhance employee protection
Starting 2025, employers are no longer allowed to offset long service and severance payments from its Mandatory Provident Fund contributions.
Retail Loyalty- and tech-driven strategies key to effective returns management
Experts vouch for third-party services to leverage the potential of return policies.
Insurance Hong Kong’s top 50 insurers experience 7.7% YoY premium contraction in 2022
Analysts said the market’s complex financial environment and shrinking population curtailed industry growth. Cross-border expansion could alleviate contraction pains.
Hong Kong’s most influential lawyers under 40
Four women and six men made it to the final list.
Professional Services/Legal 5 measures investors and businesses must be aware of in 2024
One of the measures will exempt onshore disposal gains from profits tax.

Top News

Hong Kong Airlines increases staff salaries by 3.8%
The increase follows a commendable operational recovery in 2023.
Consumer prices increase 1.7% YoY in January
Compared to December 2022, the increase in inflation was more moderate. 
Multinational companies offer more flexible work options 
Only four in 10 MNCs have a five-day in-office work. 
BSD home sales increases moderately after relaxation of cooling measures
There were 16 home sales involving BSD between November 2023 - January 2024.
Hong Kong to prepare region as leading international maritime centre
^ "https://vimeo.com/911402512"
The city advances LNG bunkering initiatives, aiming for greener maritime operations by next year.
Bank of East Asia unveils mobile app with personalised interface
Users can create shortcuts for frequently performed tasks and can avail of rewards.
Cathay Pacific’s passenger volume soars 66.4% YoY in January 2024
The airline carried 1.7 million passengers during the month.
GHG emissions tools launched in HK
These tools will assist SME and financial firms in the city with sustainability reporting.
AI growth spurs HK data centres demand surge
Global data creation is expected to double in the next five years.
HKTDC outlines priorities to boost global business, C&E hub 
Amongst the focus areas is strengthening presence in the GBA.
Hong Kong's Forbes 50 richest combined wealth falls 9%
Hong Kong’s wealthiest saw his fortune dip by 7%.
HK insurance firms willing to invest in tech attract candidates in the sector
Insurers in Hong Kong earn HK$18,000 to HK$200,000, depending on the applicable department and job role or level.
1.43 million flock to Hong Kong during Golden Week
Around 1.255 million travellers were from the Mainland.
Gov’t sets up 'Silver Economy' panel
The panel will explore the economic potential of Hong Kong's growing elderly population.
EU removes HK from tax cooperation watchlist 
The city’s removal follows the implementation of a new foreign-sourced income exemption regime.

Exclusives

Shipping & Marine Hong Kong eyes late 2024 to early 2025 for LNG bunkering
Transport Minister Lam Sai-hung noted, however, that supply remains a challenge.
Shipping & Marine Hong Kong draws on Singapore for modern, green port development
Smart logistics is an area of collaboration Hong Kong intends to push with Singapore.
HR & Education HK scraps MPF Offsetting Scheme to enhance employee protection
Starting 2025, employers are no longer allowed to offset long service and severance payments from its Mandatory Provident Fund contributions.
Retail Loyalty- and tech-driven strategies key to effective returns management
Experts vouch for third-party services to leverage the potential of return policies.
Insurance Hong Kong’s top 50 insurers experience 7.7% YoY premium contraction in 2022
Analysts said the market’s complex financial environment and shrinking population curtailed industry growth. Cross-border expansion could alleviate contraction pains.
Hong Kong’s most influential lawyers under 40
Four women and six men made it to the final list.
Professional Services/Legal 5 measures investors and businesses must be aware of in 2024
One of the measures will exempt onshore disposal gains from profits tax.

Join the Hong Kong Business community