In Focus
Hotel performance improves in first 8 months: Knight Frank
Hotel performance improves in first 8 months: Knight Frank
This is due to the rebound of tourist arrivals by 234% YoY.
Is now a good time to buy properties? 16% of Hongkongers think so
However, only a few are interested in buying a property.
More Chinese, HK next gens set up ventures outside of family businesses
PwC said 20% of Hong Kong NextGens have their own businesses.
More than 80% see sustainability as a core strategy of organisations
They also say that their leadership teams care about sustainability and climate change.
How do Hong Kong IT leaders fill skill shortages gap?
Around 3 in 5 are reskilling workers from similar industries.
How much recurring retirement income can Hongkongers get?
The ideal amount for Hongkongers is $21,287 per month.
44% of organisations see an increased need to retain older employees
Organisations are also providing employees additional support around retirement options.
Hong Kong drops to bottom in APAC well-being survey third year in a row
9 out of 10 Hong Kongers are stressed, Cigna Hong Kong reveals.
6 in 10 customers want restaurants to use sustainable packaging for takeaway food
Nearly half of the restaurants, however, have yet to adopt suitable packaging.
Residential property prices to fall up to 10% lower in 2023: S&P
The office property market’s vacancy rate is also not expected to improve.
Over 65% of Hong Kongers struggle with work-life balance
This is thanks to unnecessary and excessive overtime, Randstad reported.
Cybersecurity is the top agenda in 6 in 10 boardroom discussions
The topic is discussed every quarter by almost half of the boards.
Value of total exports down 9.1% YoY in September
The value of exports declined to $401.6b in September 2022.
Government unveils strategies for land, housing
Strategies include the introduction of Light Public Housing.
Property market ends downcycle
Real estate expert, Cathie Chung, said that the market will have a reset by 2023.
No spacious homes for Hong Kong’s poor anytime soon
Home size adjustment will be unlikely in the city after the waiting time for public housing hit a record-high.
Aviation industry set for takeoff as key players drive innovation and growth
The HKIA told Hong Kong Business that it has projects like SKYCITY to support the aviation industry’s recovery.
Commentary
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