Hong Kong
Hong Kong Monetary Authority raises base rate to 5.5%
Hong Kong Monetary Authority raises base rate to 5.5%
The growth came from a 25-point upward adjustment or a 3.28% average HIBORs.
Bank of East Asia raises standard savings rate to 0.75% pa
It will take effect on Monday, 8 May.
Hong Kong Gov't issues 2.4m tax returns
Reductions from the amended Inland Revenue would reflect in their tax returns.
HK businesses second to last in employee well-being: survey
Hong Kong was second to last in the survey.
Property transactions fell 33.1%
On a yearly basis, it grew 18.6%.
Tender prices in HK construction market to grow 4.0% in 2023
The city's post-pandemic appetite for megaprojects might raise the prices for materials and labour.
HK economy grows 2.7% in Q1
Q1 ended the four consecutive quarters of GDP decline.
Gov't opens northbound travel to Guangdong for private vehicles
Approved applicants can now travel between the city and Guangdong starting 1 June.
Frontline and low-skill roles to become more attractive following wage hike
The government raised the Statutory Minimum Wage to $40 per hour.
Bank of China HK's net profit up 12.3% in Q1
Net income reached HK$15.23b.
What's in? SHOPLINE unveils 4 trends in HK's e-commerce market
The platform said online shopping is steadily growing as its merchants reached over 3.35 million customers in 2022.
Hong Kong banks reminded they may engage with virtual asset entities: central bank
There have been more comments from foreign firms on the difficulties of opening a bank account.
Mox Bank hit HK$170m operating income in 2022
The bank remains dedicated to reaching break-even in 2024, CEO Barbaros Uygun said.
Hong Kong’s livi bank records HK$17m operating income
Its loan balance has surpassed HK$1.3b as of end 2022.
Hong Kong’s residential mortgage loans in red decreases to HK$34.4b
The total cases is at 6,376 by end-March, lower than the over 12,000 cases in 2022.
Gov't raises minimum wage to $40 per hour
Previously, it was $37.5 per hour.
Private flat supply to hit 107,000 in 3-4 years
The latest projection is 2,000 more than the previous estimate.
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