News

Hong Leong Bank’s profit down 9.36% to $1.75b in Q3

Its profit for the first nine months of the fiscal year is up 0.71%.

MTRC urged to enhance rail network and contingency plans

It was also told to enhance transport options during rail disruptions.

Gov’t unveils improved green product certification scheme

This follows the CIC Green Product Certification Scheme launched in 2019.

Hong Kong office market rebounds in April

The leasing demand is mainly driven by upgrading activities.

Experience to lead Hong Kong hospitality recovery

Hotels are facing rising occupancy but falling rates amidst cost pressures.

Hong Kong maintains strong credit ratings with stable outlooks

Fiscal reserves are also projected to stay above $500b.

Gov't rolls out 30 measures to boost silver economy

Plans include launching exhibitions and introducing retail concessions.

Hong Kong insurers stay stronger under new reporting standard, HKRBC

Insurers applying for transitional measures are likely to recalibrate their operations.

Gov’t awards tender for two light public housing projects

Both projects are set to be completed in Q4 2025.

Gov’t inks tax pact with Maldives

This will offer double taxation relief for Hong Kong companies.

Hong Leong Bank, Lombard Odier team up to boost wealth management

HLB is also making internal advancements with new hires, AI tools, training programs, and partnerships.

AXA to re-domicile Bermuda-based insurance unit to Hong Kong

The move will not affect ACRIB’s legal entity, organisational structure, or operations. 

China Mobile takeover offer not good enough, says HKBN CEO

The company said it still welcomes other bidders.

HKSTP partners with Würth Elektronik on startup support plan

The new initiative will be hosted at HKSTP’s InnoPark.

JLL warns of capital loss risk for ageing Hong Kong offices

The report warned that approximately one-fifth of these buildings may become functionally obsolete by 2035.

Hutchison Port’s $150.4b deal tops HK’s M&A in Q1: report

This is 40 times larger than any other deal made.