News
Investors' retirement savings withdrawal rate unsustainable: Schroders
Investors' retirement savings withdrawal rate unsustainable: Schroders
The rate of 8.9% could deplete their savings in a decade.
Index of industrial production for manufacturing up 0.4% in Q3
This was driven by a rise in output volumes in the food, beverages, and tobacco industry.
Over half of residents not keen on buying a property in Q3
Six in 10 find it a bad time to purchase a home right now.
GDP down 0.5% in Q3
This amounts to $722.8b, whilst GNY fell to $764.1b.
Value of construction works down 3% to $58.4b in Q3
Value of work at public sector sites fell to $15.5b.
Rents for five new public housing blocks set at $85.5 psm
This meant that 36% of the flats can be rented below $2,500 monthly.
Hong Kong is Asia's third costliest expat city
The recession has yet to hit on the cost of living in the city.
Exports to Mainland down 9.2% to $150.6b in Q3
This accounts for 25.6% of the total exports.
Check out the brands hit hardest Hong Kong's social unrest
Xiaomi is one of the hardest hit brands as its metric scores fell.
Accommodation industry's business receipts fell 19.1% in Q3
Business receipts declined across nine industries.
1 in 20 firms fully disclosed environmental targets in 2019
The percentage of firms who have set goals for ESG declined to 15%.
Hong Kong to remain as top global city destination in 2019
Its proximity to China, shopping options, and culture remain its key strengths to attract tourists.
1 in 4 bosses worry about leadership for digital change
Almost half felt a lack of management support or interest.
Virtual banks to make up 2-3% of total deposits by 2020: report
They are expected to attract “tens and thousands of customers” each.
Firms move arbitration hearings to Singapore from Hong Kong amidst protests
Maxwell Chambers has seen a few cases from Hong Kong in recent months.
Government earmarks $2.4b to revamp four historic buildings
It has opened proposals for revitalisation to organisations.
Property sales jumped 32% to 6,710 units in November
Agreements for residential units surged 43.9% to 5,756.
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