Hong Kong
Gov’t penalises company and director $60,000 for labor law violation
Gov’t penalises company and director $60,000 for labor law violation
This was on top of the $34,000 to be paid to the employee concerned.
Hang Seng Bank nabs HKB Technology Excellence Awards 2024 for paperless branch transformation
Its solution has streamlined customer journeys, reduced frontline servicing time, and improved overall application lead time.
Business receipts value up YoY in Q3 2024
A double-digit increase was recorded in transportation, financing, and insurance.
HK Express, AXA offer parametric delay benefit
If a flight is delayed by 90 minutes or more, passengers can claim a worldwide lounge pass.
HKMA adds new spatial dataset via Open API
It includes details on five types of self-service banking machines of 20 retail banks.
Residential prices inch up by 0.6% MoM in November
Overall residential market sentiment improved in Q4.
Hong Kong needs more underwriters in marine insurance
The city may have to ease immigration rules to attract talent.
New bill adjusts exemption criteria for private columbaria licence
It will allow ‘pre-cut-off columbaria’ to continue operation and avert ash disposal.
Console Connect nabs HKB Technology Excellence Awards 2024 for IoT solution
The solution routes traffic via automated, secure private network to any cloud, data centre or on-premise destination of choice.
HKRITA creates new lab for sustainable development of textiles
The 20,000-sq. ft. R&D space aims to showcase innovative solutions.
Towngas issues $552m asset-backed securities program in China
It targets industrial and commercial distributed photovoltaic and energy storage.
HKMA fines CITIC HK$4m over anti-money laundering breaches
The bank failed to generate alerts for suspicious transactions between November 2015 and July 2018.
HK Express launches flights to Phu Quoc, Vietnam
The new flight route marks the airline’s tenth destination in Southeast Asia.
Billionaires’ wealth in HK, Mainland China drops by 16.8% to $14t
The number of billionaires also declined to 501 from 588.
Bank of East Asia foresees ‘moderate’ economic growth in Hong Kong for 2025
Home prices are slated to recover by around 5% in 2025, BEA’s chief economist said.
HKMA holds public consultation on proposed banking ordinance enhancements
It aims to align local regulations with international standards.
Civic Exchange creates roadmap for hydrogen-powered buses
The paper provides a business model to support the government’s green transformation roadmap and timetable for public buses.
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