Hong Kong

Towngas income up 2% in 2024

Towngas income up 2% in 2024

Thanks to its city-gas and renewable energy units.

Deloitte Partner Matthieu Lambert: Visionary thinking and practical execution crucial for technological advancement

Asia Pacific's diverse technological landscape requires a strategic balance of robust infrastructure, AI-ready workforce, and regulatory adaptability.

Repurposed college homes may address Hong Kong office slump

Grade B and C offices are likely to benefit from the conversions.

Unemployment rate rises to 3.2%

Labour force and total employment declined. 

No budget cut for healthcare: Chief Executive

Reviewing charges for public health services will not involve cutting back on expenditure.

65% of Hong Kong SMEs lack business interruption coverage

Rising property rental prices remained top concern for the second consecutive year.

New immigration scheme seeks to boost HK economy

Policy bureaus and departments will invite ASEAN nationals who can boost Hong Kong's economy.

Gov’t approves $51m funding for six conservation projects

Currently, 56 projects involving a subsidy of over $325m have been approved.

Gov’t to enhance buildings energy efficiency management

It aims to regulate the energy efficiency standards of building services installations.

CLP Power to set up fee-paying EV charging services

Details will be announced through notices at relevant parking lots.

Trust industry to remain stable amidst market headwinds

The report found that regulatory developments are increasing confidence.

Hong Kong CEOs wary of extinction risk decline: survey

Meanwhile, 38% expect revenue growth within the next 12 months, matching the global average.

Henderson Land founder Lee Shau Kee passes away at 97

He served as Chairman of Henderson Land Development Company Limited.

Gross national income up 7.1% YoY to $898.6b in Q4 2024

Hong Kong’s gross national income (GNI) grew 7.1% year-on-year to $898.6b in the fourth quarter of 2024, exceeding the 5.3% increase in gross domestic product (GDP), which reached $836.5b, according to the Census and Statistics Department.

Sunac China expects loss of up to $27.9b

The company said it is mainly due to the significant reduction in recognised revenue.