Hong Kong
Gov’t allocates $10b for new industrialisation scheme
Gov’t allocates $10b for new industrialisation scheme
The fund will cover technological, creative, legal, and economic development initiatives.
Gov't eases property cooling measures
The adjustments include a reduction of the buyer's stamp duty to 7.5%.
Gov't on track to reduce waiting time for public rental housing
The government said that it has identified sufficient land to meet demand from 2024 to 2025.
HK talent engagement scheme attracts 160,000 applications
The government has outlined additional measures to continue to remain globally competitive.
CE Lee lays out plans to position HK as an int'l shipping centre and aviation hub
Chief Executive John Lee said the government will press ahead with the Three‑Runway System under the "Airport City" vision.
Northern Metropolis to create 500,000 new jobs
It will also provide about 500,000 new housing units.
Relaxation of property cooling measures a ‘band-aid solution’ - expert
The government has reduced Buyer’s Stamp Duty to 7.5%, amongst others.
The power of unified identity security
Modern enterprises grapple with evolving identity, data access, privilege, automation, and unification challenges.
Luxury home prices to fall up to 5% this year: JLL
Prices are also likely to fall another 5% in 2024.
1 in 10 local enterprises expect better business situation in 4Q23
Nine percent expect business to be worse.
HK passport holders to enjoy longer stay in Albania, Uganda
Hongkongers can stay in the two countries visa-free for up to 90 days.
Cathay Pacific’s passenger volume soars 480.1% YoY in September
The airline carried 1.5 million passengers during the month.
Consumer prices rise 2% YoY in September
The rate of increase in September was faster than August's.
Revival yet to come for Hong Kong’s real estate market
Only the retail market has demonstrated resilience, with high-street shop rents rising by 2.1% QoQ.
Residential price edges down by 1.4% MoM in August
August marked the fourth month of price decrease.
Unemployment rate remains at 2.8% in July-September
The underemployment rate was the same at 1%.
Unit sales of tech and durables market drop 7% YoY in 1H23
Across subsegments, IT recorded the biggest drop in value USD terms, falling -22%.
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