News
Towngas net profits down by 16% YoY to $3.04b
Towngas net profits down by 16% YoY to $3.04b
Geopolitical tensions and hot weather posed a challenge to the group's business.
InvestHK projects 47% rise in Belt & Road companies’ presence in 2024
In H1 2024, 15% of newly-expanded firms in Hong Kong were from Belt and Road economies.
Unemployment rate stands at 3%
There were 117,800 unemployed people between May and July.
Cathay Pacific hits post-pandemic milestone with over 2 million passengers
Its passenger volume rose by 15.1% YoY.
Economy grows 3.3% YoY in Q2 2024
Quarter-on-quarter, the economy grew by 0.4%.
CK Infrastructure gains approval for secondary listing on the London Stock Exchange
It expects to debut in the London bourse on 19 August/
China Everbright Water secures Jiangyin Lingang Plant
Total contract value amounts to $514m.
HK launches Building Technology Research Institute
DEVB will give BTRi $10m in funding.
Hong Kong population at 7.5 million in mid-2024
It recorded 34,400 births and 52,400 deaths between mid-2023 and mid-2024.
Credit card receivables fall 0.2% QoQ to $151.2b in Q2
Year-on-year, however, it rose by 4.9%.
Rykadan One commercial units up for sale via EOI
The EOI will close on 30 August at 12 pm.
Why the talent crisis persist despite a larger pool
Professionals can command 15% to 20% salary increases in new permanent roles.
Wing Tai braces for up to $236.7m loss in H1
Impairment provisions and change in property values totalled over HK$1b.
Gov’t cracks down on suspected resale of hospital medicines
The case involves Lactulose, a medicine classified as a “non-poison”.
HKMA, Cyberport launch GenA.I. Sandbox for financial sector
This aims to boost AI adoption.
China Everbright Water’s H1 net profit down 8% to $581.15m
Direct and operating costs jumped 25%.
Nearly half of Hong Kong workers report mental strain, desire to leave
41% are planning to work from home to avoid workplace interactions.
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