News
Audit reveals overcharging of elderly care residents
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.
Transport receipts drop 12% in 2023
On a per establishment basis, receipts dropped 13.8% to $24.2m.
Gov’t unveils blueprint to boost arts and culture sector
The blueprint consists of 71 measures under four strategic directions.
Gov't cuts quarantine period for cats and dogs imported from Macau
The quarantine period will be shortened to 30 days, from the current 120 days.
HSBC Hong Kong’s real estate risks to persist through 2025
The bank should see good profitability, strong capitalization, and adequate liquidity, however.
Home price index falls 6.8% YTD, sales volume up 67% MoM in October
The month saw 4,506 residential unit transactions.
HK is seventh most active real estate market in APAC
However, the office rental growth index has been in decline since 2023.
Hong Kong pharmaceutical market to be valued at $23.4b by 2028
However, competition from neighbouring markets poses downside risks.
Chief Executive appoints six new HKU Council members
The government established a task group to investigate the university's internal operations.
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