Hong Kong
Cathay Pacific hits post-pandemic milestone with over 2 million passengers
Its passenger volume rose by 15.1% YoY.
Economy grows 3.3% YoY in Q2 2024
Quarter-on-quarter, the economy grew by 0.4%.
CK Infrastructure gains approval for secondary listing on the London Stock Exchange
It expects to debut in the London bourse on 19 August/
China Everbright Water secures Jiangyin Lingang Plant
Total contract value amounts to $514m.
HK launches Building Technology Research Institute
DEVB will give BTRi $10m in funding.
Hong Kong population at 7.5 million in mid-2024
It recorded 34,400 births and 52,400 deaths between mid-2023 and mid-2024.
Credit card receivables fall 0.2% QoQ to $151.2b in Q2
Year-on-year, however, it rose by 4.9%.
Rykadan One commercial units up for sale via EOI
The EOI will close on 30 August at 12 pm.
Why the talent crisis persist despite a larger pool
Professionals can command 15% to 20% salary increases in new permanent roles.
Wing Tai braces for up to $236.7m loss in H1
Impairment provisions and change in property values totalled over HK$1b.
Gov’t cracks down on suspected resale of hospital medicines
The case involves Lactulose, a medicine classified as a “non-poison”.
Aspire enters HK to support expanding SMEs with multi-currency needs
Seven in 10 companies in Hong Kong plan to expand operations overseas.
HKMA, Cyberport launch GenA.I. Sandbox for financial sector
This aims to boost AI adoption.
Nearly half of Hong Kong workers report mental strain, desire to leave
41% are planning to work from home to avoid workplace interactions.
Equinix invests $124m in sixth data centre in Hong Kong
It will offer 3,550 cabinets.
74% of HK employers open to hiring SEN youths
Over 76.5% of respondents have not previously hired SEN youths.
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Commentary
AI drug discovery, GLP-1, and the next wave of Hong Kong biotech listings
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Hong Kong should build the Asia–Latin America investment corridor