Hong Kong
Air trade on Q2 projected to worsen
Air trade on Q2 projected to worsen
Air exports and imports record a downward trend due to decline in demand. Overall air trade outlook of companies that focus on in- or out-bound air trading dropped to 23.7 in Q2 2020, according to DHL Hong Kong Air Trade Leading Index. This is 5.5 points lower than 29.2 in Q1 and the lowest reading since 2014.
Singapore and Hong Kong will be the most impacted amidst pandemic: Moody's
Both markets are deemed export-dependent.
Almost half of senior managers expects business situation to be worse in Q2
Accomodation and food services worst hit amongst all sectors.
Inflation up 2.3% YoY in March: C&SD
This is attributed to the rents paid and waived by the government.
Rental decline in commercial properties seen in Q1
Grade A office leasing net absorption at its weakest since 2002. The rental declines in warehouse, grade A offices, and retail properties accelerated in Q1 2020, according to CBRE.
Total exports volume up 5.4% in February
Exports to Vietnam, Taiwan and China saw double-digit increases.
Unemployment rate widens to 4.2% in Q1
Food and beverage suffered the most with an 8.6% increase in unemployment rate.
AXA releases first policy with dementia benefit
The plan has an annuity period of 10 to 20 years starting at the age of 50.
Citibank launches special personal loan
Clients can apply for loans up to $30,000.
Insurance regulator grants virtual licence to OneDegree
It is the first to offer non-life insurance directly on a digital platform.
Cathay Pacific's passenger count drops 90% in March
Revenue passenger kilometres likewise fell by 84.3%.
Citi rolls out relief measures for customers
Clients are offered a one-month maturity extension for import trade loans.
Residential volumes tread new lows
COVID-19 hits luxury transactions harder than the mass market.
Hong Kong's leaders see combined income cut of 20% on virus
A portion of the income has been donated to a charity organisation.
Hong Kong may release more financial stimulus packages in 2020
Fiscal deficit of 9.5% of GDP to be expected this year due to additional spendings.
Worsening unemployment weighs on housing prices: JLL
Potential buyers will retreat on house buying.
Office market end users hold back investments due to COVID-19 outbreak
General market declined by 4.1% whilst commercial volumes fell.
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