In Focus
Manpower shortage casts shadow on local aviation industry’s recovery
Manpower shortage casts shadow on local aviation industry’s recovery
Players like Hong Kong Airlines have already reinstated staff to increase its capacity.
HK’s anti-job hopping rule seen to burden employment agencies
Proposed rule preventing domestic workers from breaking two-year contracts may cost job agencies more and make HK less attractive to migrant workers.
Language requirement bars HK firms from attracting foreign talent
An HR expert advises firms to re-assess ‘baked-in’ job fit expectations.
Hong Kong needs to build 6,000 more elderly places yearly
JLL warns that the city could face a potential shortage of elderly places by 2032.
New bill positions Hong Kong as a more attractive hub for single family offices
Experts say the city’s tax incentive regime is less stringent than Singapore’s.
7 in 10 CEOs say company culture is key to boosting financial performance
This is why 86% of CEOs in Hong Kong and Singapore are working on culture initiatives.
Hong Kong’s restaurants remain undermanned: survey
Data from Deliveroo showed that six in 10 restaurants are still hiring.
Not enough money? 5 in 10 Hongkongers say they need to work after retirement
Reasons for working after retirement vary per generation.
Over 72,000 new businesses registered in Hong Kong in H1
Year-to-date there are 1.42 million local businesses registered.
Select high lump sum projects to benefit from Hong Kong’s relaxation of mortgage rules
Hong Kong raised the LTV ratio cap to 70% for self-use properties worth less than $15m.
Equity capital market activity rises 6.1% YoY in 1H23
Proceeds likewise rose, increasing 46.2% YoY.
Office space demand ‘evolving’ as corporates focus more on sustainable offices: JLL
Despite increasing demand, vacancy still rose to 12.4% as of end-May.
Luxury brands mark return in HK’s retail leasing market
Chanel is amongst the brands that leased space in the city.
Hong Kong life insurance market to improve in two years: S&P
The life segment is predicted to jump by 20% o 25% in 2023.
Surging costs dampen demand for new homes
Plans to relax loan-to-value ratio will have little effect on boosting transaction volumes.
HK reducing misuse of sick leave notes with digital certificate
Experts advise employers to ensure proper data storage in response to the development.
Government shields Hong Kong’s local MNEs from EU’s tax defensive measures
Hong Kong introduces foreign source income exemption regime (FSIE) to benefit local MNEs if certain requirements are met.
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Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong