Hong Kong

The very fabric of how the world usually works is being put to the test. The business world and our social life are spinning as the World Health Organization raised its risk assessment of the coronavirus to “very high”, alerting all of wide-spread risk and global impacts. And at press time, things are not exactly looking up. The number of COVID-19 confirmed cases globally has exceeded 90,000, death toll has risen over 3,000, and 60 countries have reported confirmed infection cases. Closer to home, Hong Kong has 100 confirmed infections and, sadly, lost two lives, as of March 2.

Leasing demand from co-working centres plunged 63%.

The car is priced to compete with Tesla’s Roadster.

This follows after its profits were nearly halved in Q4 2019 due to losses.

It was in line with the US Fed’s cuts in response to the virus outbreak.

Value of sales dropped 21.4% to $37.8b compared to a year earlier.

Paul Chan stated that there is no risk of “an off-the-grid type of downfall”.

The group’s target 10% RoTE will likely be delayed beyond 2021. Standard Chartered Bank’s performance for the first half of 2020 will be dragged by the COVID-19 outbreak, as 40% of its operating income comes from its Greater China and North Asia (GCNA) segment, according to S&P Global Ratings.

The residential sites will provide an estimated 15,730 units in 2020-2021.

Consumers prefer to pick up an item in-store after purchasing it online.

It has interest rates of 2.75%, 2.85%, and 2.95% per annum for periods of 10, 15 and 20 years, respectively.

The government expects the deficit to widen to 4.8% of the GDP for next year.

The government is looking to boost local consumption.

It will cost the government $18.3b in total.

As a result, rents dropped the sharpest by 1.1% MoM to $120 psf.

The drop in values was blamed on the timing difference of the Lunar New Year.