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High costs, limited insurance coverage impede medical freedom in HK
High costs, limited insurance coverage impede medical freedom in HK
Residents need $6.7m to achieve medical freedom.
Gov’t launches consultation on AI Copyright Law reform
It will address issues such as copyright protection for AI-generated works and infringement liability.
HK sees drop in environmental offenses amidst higher penalty levels
Littering FPNs decreased by over 30%.
What hinders property market recovery in Hong Kong?
The office and residential markets continue to face downward pressure.
Hong Kong is world’s 10th largest green economy
It bested out Switzerland and Sweden in terms of market capitalisation.
Breadwinners burdened with finances of 3 dependents on average
Over 1 in 2 respondents manages the finances of spouses and parents/ in-laws.
China CITIC Bank warns against fraudulent website and emails
It has reported the matter to authorities in Hong Kong.
Grade A office leasing volume drops 27% QoQ in Q2
The decline was due to major relocations and new project completions.
HK retail landlords boost investments amidst sector downturn
They are enhancing malls through marketing, renovations, and amenities like pet-friendly spaces.
5 barriers to wider adoption of AI in recruitment processes
Only 23% of employers use AI in various recruitment stages.
DBS HK fined US$1.28m for anti-money laundering, review lapses
The bank failed to conduct due diligence in ‘high risk situations’ from 2012 and 2019.
New building management bill sets stricter procurement rules for OCs
The bill will come into operation on 13 July next year.
Gov’t passes bill to boost social worker standards
Secretary Sun emphasised the importance of social workers in national security.
Cathay Pacific to buy back remaining 50% of gov't preference shares
The airline's repurchase of the stake is valued at $9.75b.
4 residential developments issued pre-sale consents in Q2
One of the developments is located in Happy Valley and expected to be completed next year.
Hong Kong enacts 'patent box' tax concession
This include offering a 5% tax rate on qualifying profits from patents.
HK insurers may need capital boosts due to new rules
The new regime could be costly for insurers.
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Commentary
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