News
Hong Kong to adopt bankruptcy system
Hong Kong to adopt bankruptcy system
The system would give companies a window to restructure their debt.
Jobless rate expanded to 3.7% in February
It was dragged down by the construction, retail, accommodation and food services sectors.
Cathay Pacific's passenger count crashed 54.1% in February
Average Lunar Year numbers of 90,000 dropped to only 20,000 this year.
Cathay Pacific resumes US and London flights
It reinstated three flights between Hong Kong and London Heathrow in 17-21 March.
SMC Electric delays proposed listing, share offer
Application monies will be refunded 16 March 2020.
HKMA cuts base rate to 0.86%
It had already slashed the rate to 1.5% earlier this month.
Hang Seng Bank to reopen nine branches
Three in Hong Kong Island, three in Kowloon, and three in New Territories.
WeDoctor eyes $1b Hong Kong IPO
It has invited pitches from investment banks to lead the platform’s listing.
Total cargo up 1.8% to 263.3 million tonnes in 2019
But exports dropped 24% to 6.3 million in Q4 2019.
Nearly 3 in 5 firms fear virus crisis could spur restructuring
But for now, hiring continues for 63% of companies.
Bank of East Asia Foundation ups COVID relief to $3m
Partner NGOs will distribute sanitary packs and necessities in Hong Kong.
PMI sinks to lowest since 1998
GDP is expected to contract at an annual rate of nearly 5%.
Standard Chartered consortium unveils Hong Kong virtual bank Mox
It will launch Asia’s first numberless bank card when it launches later this year.
Only 1 in 10 bosses bullish on global growth: survey
About 79% cited changing consumer behaviour as the top threat to their businesses’ growth.
Demand for Grade A office spaces sours amidst slow economy
Leasing demand from co-working centres plunged 63%.
Apex Motors to launch $1.5m electric supercar
The car is priced to compete with Tesla’s Roadster.
Bank of East Asia to review its portfolio
This follows after its profits were nearly halved in Q4 2019 due to losses.
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