Hong Kong
Strong earnings and below-budget expenditure to buoy government surplus to $168b in 2018
Strong earnings and below-budget expenditure to buoy government surplus to $168b in 2018
PwC forecasts that high profits from land sales, tax and stamp duty would buoy fiscal revenue to over $620b.
Healthier tourist arrivals boosts struggling retail sector as sales hit $446.1b in 2017
However, if retailers want to stay afloat, they should look for revenue sources other than mainland tourism.
Hong Kong and Australia ink fintech collaboration deal
It aims to assist businesses seeking capital and overseas expansion in each other's markets.
Hong Kong inks intermodal transport pact with the Mainland
Passengers traveling by air can take sea or land transport using the same air ticket.
Hong Kong International Terminals unveils remote-controlled cranes
The facilities upgrade aims to boost Hong Kong as a leading regional port hub.
High retail deposit requirements may prompt small banks to hike rates
The NSFR implementation compels the reporting of figures falling below 100% to the HKMA.
Zero negative equity for homeowners for the first time in 16 years
Thanks to the ever rising value of residential properties.
Hong Kong is the world's fourth most secretive financial center
In its bid to attract more offshore financial services, it is ranked roughly on par with Panama.
Struggling tourism sector rebounds as visitor arrivals rise 3.2% in 2017
This is equivalent to over 58 million tourists.
HKMA relaunches career accelerator to nurture young fintech talent
The move is in line with the authority’s push towards an era of Smart Banking.
Mortgage applications down 14.2% to 10,520 in December
The value of approved mortgage loans also decreased to $27.8b.
Hong Kongers spend more than a fourth of their day online
It holds the second fastest global average internet connection speed at more than 140 mbps.
2 in 5 bosses did not offer performance-related bonuses in 2017
From this number, only 10% ensured that all their employees received their bonuses.
Imminent slowdown for Hang Seng Index looms despite present bull run
Morgan Stanley is eyeing a dip in the HSI within weeks.
Mercedes-Benz debuts new equipment features for V-Class series
It has air vents, LED intelligent light system and panoramic sliding sunroof.
Hong Kong's startup scene takes off amidst strong government support
AI, biomedicine and fintech are amongst key development areas in its bid to be the next Silicon Valley.
9 in 10 Hong Kongers willing to spend more on renewable energy
Over half of this population are willing to pay the equivalent of a 5% electricity bill hike.
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