Hong Kong
Cathay Pacific soars to $9.78b net profit in 2023 after pandemic losses
Cathay Pacific soars to $9.78b net profit in 2023 after pandemic losses
The company achieved its end-2023 group target of operating 70% of pre-pandemic passenger flights.
Luxury residential rentals declined in 4Q23
Some tenants reportedly prefer renting instead of owning.
Hongkong Land trims its debt by 7% in 2023
S&P Global expects HKL’s luxury retail segment to drive growth in 2024.
NTT launches ‘NTT Innovation Alliance Programme’
The program will provide access to NTT's technology solutions and operational support.
New route linking Hong Kong, Beijing Daxing Int’l Airport inaugurated
It will offer travellers more options between the Chinese mainland and Hong Kong.
Cathay Cargo Terminal, Hong Kong Air Cargo Terminals achieve IEnvA certification
They are the first cargo handling companies to attain the certification in Asia.
USCGI, WFPF, CFFPD ink MoU for sustainable agriculture
The partnership aims for innovation in Agriculture.
HSBC Life tops Hong Kong’s insurance industry in 2023
HSBC Life’s business premium amongst the biggest market share contributors.
4 in 10 employees willing to trade pay raises for flexibility: survey
55% favoured a weekly working pattern of three to four days in the office.
Business receipts for most industries grew in 4Q2023
The transportation and courier industries saw declines in FY2023.
Supply chain company Yunnan Energy slashes net loss by over 40%
The company will report its annual results by mid-March 2024.
SME business sentiment rises in February
Current diffusion index rose to 43.9.
Trade value to mainland dampens in 2023
Total exports to the mainland are 6.5% YoY.
Construction sector sees 4.2% growth in Q423, totaling $71.3b
Main contractors saw an 8.8% nominal increase in total GVCW, reaching $271.0b, in 2023.
Hong Kong property transactions down 3.7% in February: report
But value rose more than threefold, partly thanks to a sale of a shopping mall.
Yuen Long Town Lot No. 545 up for sale via tender
The tender starts on 15 March 2024 and ends on 28 June 2024.
New cargo clearance scheme launched in HK, Macau, Guangdong
Real-time monitoring of the cargo was conducted by customs in all three locations using e-locks and GPS technology.
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