In Focus
Budget 2023: Gov’t lays out measures to support business
Budget 2023: Gov’t lays out measures to support business
Measures include reducing profits tax for the year of assessment 2022-23 by 100%.
Cards maintain dominance in Hong Kong's payment landscape
Over nine in 10 consumers use cards as their payment method.
Hong Kong employers at risk of losing staff in next six months
Unless, they offer higher salaries.
Residential transaction volume soars by 21.7% in January
Residential units sold during the month stood at 3,051.
Dealmaking suffered in 2022 with 41% drop
Trading volume reached US$6.7b.
With luxury site losing appeal, mass residential sites gain traction amongst developers
This as interest in acquiring luxury residential sites declined.
Should firms continue to offer high pay raises?
Randstad advised that firms should offer alternative benefits.
Exchange Fund posts investment loss of $202.4b in 2022
It also ended the year with a negative investment return of 4.4%.
Credit and charge card payments to exceed $800b in 2026
The market is expected to grow at a CAGR of 3.9% between 2022-2026.
Basic food products cost almost a quarter of Hong Kongers’ minimum wage
Employees earn a minimum of $7,500 net monthly.
Inflation up 2% in December 2022
Overall CPI rose by 1.8% in the previous month.
8 investment ideas to achieve affluence in the year of prosperity
Financial experts said active portfolio management is crucial amidst economic uncertainties.
Mainland firms' influx brings new opportunities for local lawyers
GBA development allows qualified lawyers to practise domestic law within the area.
Hong Kong’s 10 most influential lawyers under 40 for 2022
Amongst the awardees is a lawyer offering legal assistance in Justice Without Borders.
Hong Kong fiscal deficit may reach $109b for FY2022/23: PwC
Spending will remain high due to the pandemic and geopolitical tensions.
Citi entices Hong Kong’s ultra-wealthy with first-ever Global Wealth Centre
The 10,000-square-foot space is staffed by senior bankers and specialists.
Firms revamp benefits to retain older workers as youth opt for opportunities abroad
A Randstad expert said employers should consider giving their employees financial literacy benefits.
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Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong