News
7 in 10 job seekers in HK, SEA open to remote work for foreign employers
Amongst talent, 55% cite the inability to relocate with family members as the top barrier to moving abroad for work.
Uncertainty looms over HK's economy amidst geopolitical tensions, anticipated Trump policies
Lower domestic interest will be positive for private consumption and investments.
Gov’t penalises company and director $60,000 for labor law violation
This was on top of the $34,000 to be paid to the employee concerned.
BEA saves 553,000 hours in processing time with UiPath
The bank has 77 attended automations as of December 2024.
Business receipts value up YoY in Q3 2024
A double-digit increase was recorded in transportation, financing, and insurance.
HK Express, AXA offer parametric delay benefit
If a flight is delayed by 90 minutes or more, passengers can claim a worldwide lounge pass.
HKMA adds new spatial dataset via Open API
It includes details on five types of self-service banking machines of 20 retail banks.
Residential prices inch up by 0.6% MoM in November
Overall residential market sentiment improved in Q4.
New bill adjusts exemption criteria for private columbaria licence
It will allow ‘pre-cut-off columbaria’ to continue operation and avert ash disposal.
HKRITA creates new lab for sustainable development of textiles
The 20,000-sq. ft. R&D space aims to showcase innovative solutions.
Towngas issues $552m asset-backed securities program in China
It targets industrial and commercial distributed photovoltaic and energy storage.
HKMA fines CITIC HK$4m over anti-money laundering breaches
The bank failed to generate alerts for suspicious transactions between November 2015 and July 2018.
HK Express launches flights to Phu Quoc, Vietnam
The new flight route marks the airline’s tenth destination in Southeast Asia.
Billionaires’ wealth in HK, Mainland China drops by 16.8% to $14t
The number of billionaires also declined to 501 from 588.
Bank of East Asia foresees ‘moderate’ economic growth in Hong Kong for 2025
Home prices are slated to recover by around 5% in 2025, BEA’s chief economist said.
HKMA holds public consultation on proposed banking ordinance enhancements
It aims to align local regulations with international standards.
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Commentary
Why Hong Kong’s retail product reshuffle may favour large suppliers
Hong Kong hospitality: Momentum and the new lifestyle era
Understanding Hong Kong’s new land premium policy