Hong Kong
Hang Lung secures $10b through five-year syndicated loan facilities
Hang Lung secures $10b through five-year syndicated loan facilities
The funds will be used to refinance debt and provide additional working capital.
Consumer prices up 1.4% in December
Price hikes were seen in categories such as alcoholic drinks, tobacco, and electricity.
Unemployment rate stays at 3.1%
The underemployment rate also stayed steady at 1.1%.
Hong Kong restaurant confidence index rises to 6 in Q4 2024
This was driven by stable revenues from traditional dine-in services and the expanding role of food delivery platforms.
Hong Kong construction industry to contract by 1-2% in 2024: JLL
Fit-out cost increases are expected to remain stable at 2% in the second half of 2024, FY 2025, and FY 2026.
Data standardisation and collaboration set to drive construction growth
These are deemed crucial for improving productivity, quality, and sustainability in the sector.
Hong Kong eyes medical innovation with new key initiatives
One goal is to create a ‘GBA Clinical Trial Collaboration Platform’.
Jobless rate unchanged at 3.1%
The underemployment rates of the manufacturing and financing sectors declined.
HK’s rental housing market stable in 2024
On average, the rental budget is around $14,000.
HK achieves record-breaking 539 FDIs 2024
The total investment brought to Hong Kong’s economy reached $67.7b.
London Metal Exchange approves Hong Kong as metal delivery point
This shows HK’s role as a “super connector.”
Towngas and Global Energy to advance green methanol as marine fuel
They will integrate production and logistics.
CBRE to sell prime real estate assets in Kowloon and Shau Kei Wan
These properties include an en-bloc building, a high-floor unit, and the entire 3/F of Manson Industrial Building at Shau Kei Wan.
HKCEC gets gold certification as Hong Kong’s first Halal MICE venue
Its the first MICE venue in Hong Kong to attain the highest level of certification.
Hong Kong’s real estate struggles as investment falls 13% in 2024
Investment activity totaled US$1.5b in the fourth quarter alone, marking a 29% YoY drop.
HK registers over 145,000 new local companies in 2024
Hong Kong also registered 1,079 new places of business for non-Hong Kong companies.
Over 1 in 10 Hongkongers replace meals with snacks: report
This trend is due to changing dietary preferences and consumer purchases.
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