Economy
APAC Realty enters Hong Kong through ERA franchise deal
APAC Realty enters Hong Kong through ERA franchise deal
The agreement adds Hong Kong to ERA’s 14 Asia-Pacific markets.
Home prices hold steady as retail and office sectors soften: report
UOB Kay Hian sees resilience in housing but prolonged weakness in commercial demand.
Inflation unchanged in September
Price increases were recorded in transport, alcoholic drinks and tobacco, amongst others.
Global trade holds firm despite trade uncertainties, DHL says
China offset the weaker US demand with stronger exports to ASEAN, Africa, and Europe.
Lands Department approves 22 lease modifications in Q3
Land premiums reached about $2.68b after four lots granted via private treaty.
JST Group raises $1.94b in Hong Kong IPO
The public offer was oversubscribed nearly 2,000 times as trading begins 21 October.
Sany Heavy Industry targets $12b in Hong Kong IPO
Its overseas sales now account for 62% of revenue ahead of listing.
Central Asia leverages China and the West for growth
The SCO summit spotlights Central Asia’s effort to deepen economic ties whilst maintaining balance.
Hong Kong spent $130m in public healthcare in 2023/24
Care for ageing population was cited for increase.
Export volume up 12.4% in August
Imports rose 9.7% as mainland trade expanded.
Rising transport costs push Hong Kong part-time workers towards flexible roles
Nearly 45% said commuting costs make part-time work financially unsustainable.
Hong Kong SME sentiment edges higher in September but remains weak
Despite the improvement, the reading remains below the neutral 50 mark.
Hong Kong welcomes 18 new businesses
GlaxoSmithKline and Goertek Microelectronics are amongst the new entrants.
Phase one of MBF portability approved
It will be implemented sometime in 2026.
Hong Kong wages rise 3.5% in June
However, unadjusted figures show a 7.5% drop in nominal payroll and a 7.2% drop in real payroll.
Gov’t announces new tobacco control measures
This ranges from increasing penalties and more stringent enforcement actions.
Hong Kong leaders see AI plan boosting jobs, investment, permits
Western Digital said intensifying AI workloads are reshaping storage priorities as data volumes increase.
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