News
MSIG Insurance settles $44.33m in claims across Hong Kong, Macau
MSIG Insurance settles $44.33m in claims across Hong Kong, Macau
The company received only nine complaints during the year.
More than eight in 10 firms downsize for cost savings
Around 31% of respondents expressed a negative outlook for the next 12 months.
Office rents down by 34% since 2019: report
The gap attracts companies seeking to establish regional headquarters in Hong Kong.
SFC holds consultations for rules enhancing market developments for OTC derivatives
Aims to lower transaction thresholds and costs.
Lands Dep't records $102.65m transactions in Q2
With 11 lease modifications and three land changes.
Gov't grants Aid group use of historical buildings
Include two buildings constructed in 1921 with site area of 1,046.8 sq. mt.
HK Express to add Kota Kinabalu route in November
Daily direct flight in three hours will open from 27 November.
HKSTP, 15 local universities launch Global University Innovation Network
GUIN seeks to attract global innovation teams and talents.
COS Centre retail units and parking space up for sale
Five ground floor units has gross floor area of 18,637 sq. ft.
Automation technology in Hong Kong airport helps boost traveller spending: report
Around 31% of travellers also say they feel more relaxed due to automation and therefore are more willing to treat themselves.
Gov’t issues five-year licence to Syncab Service
Fleet taxis may customise fares for pre-arranged journeys.
Hong Kong slips to third in lifestyle index amidst regional shifts
In Asia Pacific specifically, business flights (+12.6%), watches (+9.0%), and even bicycles (+5.5%) saw notable jumps.
Top auction houses draw Southeast Asia’s elite art buyers
Moneyed Millennials and Gen Zers are spending more on art pieces.
HMG, MediConCen to develop medical claims digitalisation
Enhancing efficient medical claims process as well as detection framework.
Hong Kong retail challenges persist despite rise in tourist arrivals
Benefits of cross-border travel between Hong Kong and Shenzhen mainly flow one way.
Two Light Public Housing at Olympic Avenue open for tenders
Two separate contracts include a total of 7,700 units.
SMEs business receipts drop in June
It is likely to improve in July.
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Commentary
Why Hong Kong’s retail product reshuffle may favour large suppliers
Hong Kong hospitality: Momentum and the new lifestyle era
Understanding Hong Kong’s new land premium policy