News
Soundwill pushes to revalue Causeway Bay site as demand declines
Soundwill pushes to revalue Causeway Bay site as demand declines
The developer also asked for a lower tender price for the site.
Gov't seeks feedback on revised Private Columbaria Ordinance
The public can send feedback until 2 June.
HKMA warns of prolonged high interbank rates
The central bank issued the warning post unchanged US fed funds rate at 5.25-5.5%.
Govt to launch eMPF platform in June
The platform will reduce admin costs.
Gov’t to cut taxes on salaries and profit for FY23-24
In FY2023-24, the government sent out 2.44 million tax returns.
Construction sector stagnates due to rising costs and competition
Private and non-private residential construction works also fell in 1Q24.
SFC probes Segantii for insider trading charges
The SFC pressed charges against the firm, its founder, and former trader.
Prudential sees 11% YoY rise in Q1'24 new business profit
APE sales increased by 7% YoY to $1.6b.
Hong Kong Life promotes wealth transfer with new plan
It includes features like flexible death settlement options.
Health department greenlights Nefecon for adult IgAN Patients
Hong Kong is the fourth jurisdiction that approved the use of Nefecon.
Gov’t names new Airport Authority chairman
He will succeed Jack So.
Hong Kong updates financial account information exchange list
It removed nine jurisdictions and welcomed 11.
CLP Power launches $58m coupons programme to boost consumer spending
This will benefit around 580,000 households.
Mortgage loans in negative equity surge to 32,073 in Q1
The total value of residential mortgage loans rose to $165.3b.
Evergrande stalls 2023 annual results release
The company also warned of possible delays in the 2023 report distribution.
Statutory minimum wage to undergo annual review
The government will review the minimum age through two indicators.
Job title inflation trend fading in Hong Kong
About three in 10 employees practice job title inflation.
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