News
HK, Guandong ink pact on education collaboration
Amongst areas of collaboration will be talent cultivation.
Bank of East Asia’s profits up 75.8% to HK$2.63b in H1
Higher interest rates pushed up profits, but non-interest income fell.
1 in 4 Hong Kong consumers eyes getting a loan with fintechs, neobanks
Although traditional banks remain the preferred choice, 1 in 5 are ready to jump ship to another provider.
What to expect from the new flexible workspace at K11 Atelier in HK: IWG
The centre opening spans 21,200 square feet and offers hot desking areas.
How much do Hongkongers spend on groceries?
Food and non-alcoholic beverages account for 12.1% of locals’ spending on goods and services.
HK, SG housing chiefs exchange views on policies, new technologies
Amongst areas of discussion include green buildings.
Lands Department rejects bid for Tsuen Wan residential site
The site is part of the government’s Starter Homes (SH) project.
Hong Kong to restrict Japanese seafood imports
This is due to the plans to release of water from the Fukushima nuclear plant.
Retail sales to grow 17% YoY in 2023 – PwC
This is equivalent to HK$408b.
Sale of residential units sluggish in the first half of 2023
Only over half of residential units were sold in H1 2023, slower than the five-year average.
HK is Asian market with the third most expensive hotel room rate
Hong Kong hotel room rate per night is $1,928 (US$246).
Which countries charge the highest ATM withdrawal fees?
The Philippines is the most expensive place in Asia to withdraw cash via ATM.
Hong Kong consumer prices up 1.8% YoY in July
Alcoholic drinks and tobacco recorded the highest price increase of 18.4%.
Hong Kong introduces one-off subsidy for citizens in transitional housing
As many as 35,000 are expected to benefit from the trial scheme.
DBS Hong Kong finalises HK$800m green loan with HSH
KPIs set include reduction in carbon intensity, increase in waste diversion rate, amongst others.
Gov’t to simplify retirement process for poor-performing civil officers
This is to encourage civil service newcomers.
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Commentary
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