In Focus

60% of HK-based Japanese companies eye expansion of RCEP operations

60% of HK-based Japanese companies eye expansion of RCEP operations

RCEP markets, including Japan, accounted for 71% of HK’ total merchandise trade in 2022.

In Focus

SG vs HK: Where should MNCs establish their APAC headquarters?

In Focus

Frontline and low-skill roles to become more attractive following wage hike

The government raised the Statutory Minimum Wage to $40 per hour.

In Focus

Gov't raises minimum wage to $40 per hour

Previously, it was $37.5 per hour.

In Focus

Around 7 in 10 restaurants confident about the F&B sector outlook for Q2

Business satisfaction rose to 6.5 from 6.1 in Q4 2022.

In Focus

New bill slashes transaction costs for Hong Kong market makers

The government gazetted a bill waiving stamp duty payable on certain transactions relating to dual-counter stock.

Exclusive

Gov’t needs to review valuations to ensure success of land sale programme – experts

Colliers estimates Hong Kong land revenue last year only 50% of target.

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How brands can create a trustworthy and secure platform for consumers

The majority of Hong Kongers said they have more trust if brands are verified.

In Focus

Retail sales value in January grew 7% YoY

The total value is at $36.2b driven by the return of tourists.

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Demand for co-working spaces went up in February

Knight Frank said the volume of new letting sales doubled in Kowloon.

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Residential market to hop on recovery track: Knight Frank

In February, transactions climbed 40.3% MoM.

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Mainland tourists could drive Hong Kong’s retail market growth up

Growth in the retail market could reach 25% or pre-pandemic levels.

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What can lead Hong Kong’s economy to rebound

Economists predict economic growth of 3.5%-4.0% for Hong Kong.

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Exports value drops 8.8% YoY to $286.2b in February

The weak external environment contributed to the decrease.

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Digitally-skilled employees can boost HK’s annual GDP by US$47.5b: study

Those with advanced digital skills can contribute about US$5.4b.

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Outstanding credit card balances went up 7.3% YoY in Q4 22

It indicates that consumers are reengaged to the market.

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Hong Kong is Asia’s most expensive business travel destination

Globally, the market is 16th priciest for business concerns.

In Focus