Hong Kong
HK rises to fourth rank in global data centre market report
HK rises to fourth rank in global data centre market report
It improved its rank due to strong connectivity and consistent demand.
Property sales rise by 24.2%
More than 4,400 sale and purchase agreements were recorded in January.
HKMA raises its base rate to 5.00%
The new rate took effect on 2 February.
ZA Bank names former chief executive of rival virtual bank as new CEO
Ronald Iu joined ZA Bank’s parent ZA International in February 2022.
Swire Properties buys 40% stake in premium residential site in Bangkok
The transaction was worth HK$570m.
HK is 7th most crypto-ready market in the world
The city is home to 251 crypto-based companies.
Economy contraction narrows in Q4 at 4.2%
In Q3, the economy shrank by 4.6%.
Hong Kong posts $183.2b deficit
Fiscal reserves stood at $773.9b.
Mortgage loans in Hong Kong drops by nearly 10% in December
Loans stood at HK$25.6b during the month, the Monetary Authority reported.
Should firms continue to offer high pay raises?
Randstad advised that firms should offer alternative benefits.
Hong Kong ranks as the third market with most social media users
There are 6.73 million users in the city.
How will human resources roles grow this 2023?
HR professionals will also be responsible for budget management.
These are the top in-demand tech roles in 2023
Employers are still in need of IT professionals for digital shift.
Job switchers in property, engineering industry expect up to 25% salary increase
There will be demand in middle to senior levels in four specialisations this year.
Housing Bureau picks 4 more sites to build light public housing units
The bureau now has eight sites for the project.
Private flat supply pegged at 105,000 units in next 3-4 years
The figure is 10,000 more than the previous estimate.
Exchange Fund posts investment loss of $202.4b in 2022
It also ended the year with a negative investment return of 4.4%.
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