Hong Kong
CK Hutchison posts 41% YoY drop in its profit attributable to shareholders in 1H23
The group’s NPAT for the period was $11.2m.
Nearly three-quarters of workers prepare to look for new job
Inflation and workplace instability fuelled this development.
Property sales drop 7.3% MoM in July
Year-on-year sales fell by 11.4%.
More than a quarter of workers have side jobs for extra income
Above 30% of side hustlers use the extra money for living expenses.
Hongkongers dominate England’s property market with £10.8b portfolio
They also preside over the most valuable bricks-and-mortar portfolio in England.
Hongkong Land records $333m loss in 1H23
The company attributed the loss to a decrease in the rents of its HK office portfolio.
Retail sales value jumps 19.6% YoY in June
The total value stood at $33.1b.
HSBC’s records $12.9b pre-tax profit for H1
This is $12.9b higher compared to the first six months of 2022.
Hang Seng Bank’s profits up 79% in H1; HK$1.1 per share interim dividend declared
Operating profit rose 67% compared to a year earlier.
Four in five new hires in 2022 are already looking for new job opportunities
The report also revealed that 40% of employees changed careers since 2020.
GDP growth eases to 1.5% in 2Q23
In 1Q23, the economy grew by 2.7%.
Data centre demand may pick up in the medium term as foreigners come back
CBRE report showed vacancy rates in Hong Kong dropped.
Bank of China Hong Kong to conduct system maintenance in 6 August
Services affected include ATM transactions and the BOCHK website.
Retail shops, commercial floor in Kam Ho Mansion for sale
The deadline for the submission of the expression of interest is on 18 October at 12 pm.
105,000 private flats to be available in next 3-4 years
The figure is 2,000 less than the previous estimate.
BEA raises standards savings rate to 0.875%
Its HK dollar prime rate has been increased to 6.125% per annum.
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