Hong Kong
HK maintains strong position in rule of law index
Its score for Absence of Corruption also increased, ranking 10th worldwide.
Gov’t welcomes passage of rating bill
The new rating system is expected to generate approximately $820m in additional annual revenue.
Ace Integrator bags win at HKB Technology Excellence Awards for automation initiative
Its strategy for success involved aligning with organisational goals, comprehensive analysis, adopting innovative technologies, and integrating WMS systems.
Consumer prices rise 2.2% YoY in September, slowing from August
In August, prices increased by 2.5% YoY.
Cathay Pacific surpasses 20 million passengers in September
Its cargo businesses reported positive volume growth.
Over 97% of Hong Kongers trust digital banks’ security measures
Digital bank account holders are willing to open more accounts with other digital banks.
Gov’t eyes establishment of third medical school
A land will be reserved in Northern Metropolis Ngau Tam Mei for the new campus.
Buildings Department approves 14 building plans
It also issued 15 occupation permits.
HK to subsidise 7 Guangdong residential care homes
This increases the number of care homes under the scheme to 11.
Gov’t announces ‘smooth’ first phase of plastic regulation
Sale of disposable plastic tableware will be prohibited in the next phase.
Manulife marks 25 years on HKEX with $400b market cap growth
The insurer currently serves over 2.5 million customers across Hong Kong and Macau.
Wet goods stalls auction revenue drops 31.39%
The average bid price for the wet goods stalls was $20,316.
Hong Kong rises to ninth in global cities ranking
It moved one rank higher.
UOB hikes GDP forecast to 2.9% despite rising inflation, economic headwinds
Hong Kong faces weak external demand and low consumer confidence, amongst other challenges.
Tune Protect and bolttech team up to launch travel insurance in HK
This follows Tune Protect's broader regional expansion strategy.
9 in 10 restaurants rely on delivery platforms for revenue during key events
87% expect delivery services to remain important to their business.
Commentary
Don’t let ESG gaps affect your asset’s value