Hong Kong
HK announces 3 pilot areas of land disposal in Northern Metropolis
HK announces 3 pilot areas of land disposal in Northern Metropolis
Each pilot area covers private residential, industry, and public facility sites.
Hong Kong posts $163.7b deficit in 7M 2024
Its expenditure is at $418b, whilst its revenue was $175.6b.
Gov't extends tender deadline for Kwu Tung North Development Area
The new deadline is set on 20 December.
Mayer Brown establishes two independent law firms in HK
Mayer Brown Hong Kong LLP comprises more than 20 lawyers.
HKUST launches new GenAI platform for financial services
The platform aims to help local financial institutions leverage AI technologies.
HKMA announces $500m 15-year government bonds tender
It will carry interest at the rate of 3.75% per annum.
NAMI fails to meet key performance targets over five-year period
It has an average shortfall of 17 projects.
Auditors urge PolyU to relax security measures
This follows community concerns about PolyU's open campus policy.
Audit reveals overcharging of elderly care residents
The overcharged was sometimes as much as $22k.
Tuen Mun - Chek Lap Kok Link delay causes additional $1b cost
The delay was primarily due to interfacing issues and unsatisfactory reclamation works.
Gov't introduces new engineering contract standard template
It is the second standard contract template published by the Development Bureau.
HKMA launches digital bond grant scheme to boost digital securities market
Issuers of eligible digital bonds may receive a maximum grant of $2.5m.
One in three HK employees say personal diversity factors limit career growth
However, hiring managers in Hong Kong are least likely to believe in inclusivity in Asia.
HK manufacturing sector’s sales increased by 12.1% in 2023
Industry value added of the sector to HK’s GDP increased to $37b.
MPF offsetting arrangement to end in May 2025
It will end the practice of using mandatory MPF contributions to offset SP and LSP.
Task Group seeks proposals for new medical school
They have also outlined the plans for the new medical school in Hong Kong.
HK’s labour force reaches 3.83 million in Q3
Total employment in Hong Kong during was 3.71 million.The total labor force in Hong Kong reached 3.83 million in Q3 2024, a slight increase from 3.82 million in the previous quarter, according to the Census and Statistics Department’s Quarterly Report on General Household Survey.
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