Singapore

Hongkong Land swings to $1.61b profit after 2024 loss

The company recovered despite lower underlying earnings.

Minimum wage hike to boost workers’ hourly pay to $43.10

The new hourly rate will take effect on 1 May.

GIC makes debut equity move with $126.6M Ascletis Pharma deal

GIC crossed the 5% threshold in HK-listed developer, acquiring 64 million shares.

Hongkong Land launches $8.2b office-focused private fund in SG

The company targets to grow the platform’s gross asset value to $15b.

RH Petrogas audit panel appoints external counsel after PwC review

Company strengthened governance processes following whistleblowing assessment.

Hong Leong Asia to spin off engine unit for Hong Kong IPO

The Singapore firm seeks HK listing for marine, genset arm.

DBS raises US$272m for PIMCO’s 60/40 fund

Singapore and Hong Kong customers were able to invest at a minimum of S$1,000 or HK$20,000.

Cash hoarders forfeit $140,000 to stagnant 2% bank yields

Investors holding cash since January 2021 generated only $30,000 compared to $170,000 in portfolios.

63% of finance leaders forecast GDP growth in 2026

Survey cites capital-market depth and financial connectivity as key supports.

Sun Hung Kai unit secures tender for MTR’s Tuen Mun A16 development

Mega Asia International will lead the station project.

Hong Kong raises home resale quota

The allocation was lifted to 7,000 homes.

Cathay Pacific to buy back shares of Qatar Airways for $1.17b

Qatar Airways would sell all 643.07 million shares it held at (HK$10.8374).

Hong Kong rises to 4th in global digital competitiveness ranking

The city posted strong gains in technology and future readiness.

Home prices hold steady as retail and office sectors soften: report

UOB Kay Hian sees resilience in housing but prolonged weakness in commercial demand.

Hong Kong businesses optimistic heading into Q4

The hiring appetite was also largelt steady.