Economy
Hong Kong attracts 66 strategic enterprises
Hong Kong attracts 66 strategic enterprises
About 60% of these enterprises have set up new operations in the region.
Hong Kong direct investment stocks rise in 2023
Inward and outward DI rose by 6.2% and 3.8%, respectively.
Diffusion index down to 41.9 in November
Business receipts DI fell for business services, restaurants, and retail trade.
Uncertainty looms over HK's economy amidst geopolitical tensions, anticipated Trump policies
Lower domestic interest will be positive for private consumption and investments.
Business receipts value up YoY in Q3 2024
A double-digit increase was recorded in transportation, financing, and insurance.
Six in 10 HK professionals forecast economic growth next year
51% expect their company's revenue to increase.
Less containers, ocean vessel arrivals in Q3
The port handled 3.41 million TEUs of containers during the quarter.
Total port cargo throughput down 3.5% YoY in Q3
Both inward and outward port cargo declined.
Hong Kong rate cuts to drive investor interest in 2025
Lower rates will attract institutional and property funds to value-driven opportunities.
Hong Kong GDP growth to dip in 2025 amidst trade tensions, high rates
It will decline to 2% from 2.6% in 2024, Deutsche Bank said.
Import and export value dips 0.3% in 2023
Total receipts amounted to $4.2t.
PASS opens application for new project proposals
The deadline for the new round of applications is 28 February 2025.
IRD lowers tax reserve certificate interest to 0.5500%
This is a reduction from the current rate of 0.7167%.
HK announces 3 pilot areas of land disposal in Northern Metropolis
Each pilot area covers private residential, industry, and public facility sites.
Hong Kong posts $163.7b deficit in 7M 2024
Its expenditure is at $418b, whilst its revenue was $175.6b.
HK’s labour force reaches 3.83 million in Q3
Total employment in Hong Kong during was 3.71 million.The total labor force in Hong Kong reached 3.83 million in Q3 2024, a slight increase from 3.82...
UOB, SGE ink MoU to deepen gold market cooperation
UOB is the only bank providing gold products in Singapore.
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