Hong Kong
Luxury property transactions up 86% over $20mln
Financial Services & the Treasury Department issued tax assessments for the remaining 1,650 taxable cases, including $410mln in profits tax.
Luxury property transactions up 86% over $20mln
Financial Services & the Treasury Department issued tax assessments for the remaining 1,650 taxable cases, including $410mln in profits tax.
HK sets initial minimum wage rate at $28/hr
Statutory minimum wage will protect grassroots workers and ensure their pay is commensurate with hours worked.
HK benefits from PRC’s bullish economy, clinches a ratings upgrade
Moody's has upgraded the government bond ratings of the Hong Kong Special Administrative Region to Aa1 from Aa2 and raised the foreign currency bank deposit ceiling to Aa1.
IT professionals see employees to shop more online at work
Shopping online for more than 3 hours this holiday season expected to pose security risks to companies.
HSBC launches real-time online retail bond trading platform in HK
The platform offers wide range of bonds and CDs with subscription amount as low as HK$50,000.
China Gas inks US$200mln loan facility with Asian Development Bank
The company to use proceeds to expand its city gas projects using China’s 2.46tin cubic meters natural gas reserves.
Hong Kong and Japan inks tax agreement
Hong Kong residents receiving dividends from Japan will now pay at least 5% withholding tax for a company holding.
Fortune REIT nine month profit up 24.5% to HK$444.5mln
The company’s occupancy rate at reached 98%, with an annualised dividend yield of 6.2%.
Asian asset managers list 2 new Hang Seng China Enterprises Index-linked funds
Harvest Fund Management and Nikko Asset Management issue H-Shares Index funds in Shenzhen and Tokyo bourses respectively.
Hong Kong economy seen to grow by 5.7%
Yet growth expected to ease on as global economy decelerates while assets will heat up.
Hong Kong is a favourable relocation destination for expats
Nearly 9 in 10 Hong Kong-based expats found it easy to travel around locally, while 58% of HK respondents say it was easy to find accommodation.
October foreign currency reserve assets surges to US$267bln
Hong Kong’s total foreign currency reserve assets represent over nine times the currency in circulation.
Lee & Man Paper profit up 3% to HK$839mln
The company to engage in capacity expansion plan in China as it starts operation of three new production lines there.
HK sets three-month trial for new electric cars
Toyota Prius Plug-in Hybrid trial is part of a global testing scheme to make Hong Kong a electric-vehicle-friendly city.
Cathay Pacific and Dragonair reduces carbon emissions
Sister companies brought environmental,social benefits to Pearl River Delta by buying 30,000 tonnes of carbon-emission reductions.
Mercer strengthens Human Capital consulting leadership in Asia Pacific
The company appoints Brenda Wilson, Hans Kothuis, Kate Bravery, Roland Ruiz to beef up operations in the region.
Chun Wo starts construction of HK$710M sewerage project
The company uses tunnel boring machine to excavate by trenchless method to construct Tuen Mun Western Trunk project.
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