Hong Kong
Hang Seng Bank profits up 3% to HK$18.38b in 2024
Hang Seng Bank profits up 3% to HK$18.38b in 2024
Earnings per share is HK$9.33; whilst total dividend is HK$6.8.
HK unemployment rate steady at 3.1%
The underemployment rate also stayed at 1.1%.
Population inches up 0.1% in 2024
It was driven by a net inflow of 21,000 residents.
HK raises minimum wage rate
The minimum wage rate has been raised by 5.25% to $42.1 per hour.
Gov’t expands talent list to 60 professions
They have added nine professions to the list.
Hang Seng enhances dementia-friendly services in branches
Each of its branches now has a trained dementia-friendly ambassador.
Lendela appoints new CTO and CFO
The new CTO will be based in Malaysia, whilst the new CFO will be based in Singapore.
Cathay Pacific is amongst top leaders in international seat capacity
The airline carried over 28 million passengers, reflecting a 30.7% YoY growth.
3 key trends shaping payment systems
Customers now demand seamless and rapid checkout experiences.
Hong Kong’s job market shows signs of recovery
Candidates with generative AI experience are highly preferred.
Sun Life aims to expand retirement plans amidst under-preparedness
17% have no retirement plan at all.
Generali, YAS launch tech-driven insurance for travellers
The product adjusts coverage up to 20 times based on travellers' spending.
Why smart retail solutions are crucial for HK retailers in 2025
IP-related products have seen a 448.94% YoY increase in 2024.
Hong Kong SMEs pivot back to offline insurance channels
SMEs have scaled back cyber protection measures, with fewer investing in security solutions.
Phase 2 applications for light public housing to open on 24 February
It will include four new LPH projects, providing approximately 5,060 units.
‘Top talent’ lured by Hong Kong can’t find jobs
Critics say the job program is too broad and not diverse enough.
Large-scale stress test at Kai Tak Sports Park conducted smoothly
Over 50,000 civil servants and members of the public participated.
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