News
Hong Kong HNWIs eye Singapore for better quality of life
Hong Kong HNWIs eye Singapore for better quality of life
2 in 5 of HNWis plan to relocate in the next five years with Sinagpore as the top choice.
Gov’t appoints new members to Northern Metropolis Advisory Committee
They will begin a new two-year term starting 10 February.
Peter Lam appointed Hong Kong Tourism Board chairman
His term runs from 1 April 2025 to 31 March 2028.
Land exchange applications open for Yuen Long South NDA
Deadline for submissions is 19 May 2025.
Sun Hung Kai unit buys Tung Chung site for $602m
The site spans approximately 10,648 square meters.
Gov’t proposes Trade Union Law amendments for national security
It would expand the Registrar of Trade Unions’ powers to regulate and supervise unions.
Hang Seng Bank profits up 3% to HK$18.38b in 2024
Earnings per share is HK$9.33; whilst total dividend is HK$6.8.
HK unemployment rate steady at 3.1%
The underemployment rate also stayed at 1.1%.
Population inches up 0.1% in 2024
It was driven by a net inflow of 21,000 residents.
HK raises minimum wage rate
The minimum wage rate has been raised by 5.25% to $42.1 per hour.
Gov’t expands talent list to 60 professions
They have added nine professions to the list.
HK credit card receivables rebound 7.9% to $162.2b in Q4 2024
The combined delinquent and rescheduled ratio remained stable at 0.4% at the end of Q4.
Hang Seng enhances dementia-friendly services in branches
Each of its branches now has a trained dementia-friendly ambassador.
Lendela appoints new CTO and CFO
The new CTO will be based in Malaysia, whilst the new CFO will be based in Singapore.
Cathay Pacific is amongst top leaders in international seat capacity
The airline carried over 28 million passengers, reflecting a 30.7% YoY growth.
3 key trends shaping payment systems
Customers now demand seamless and rapid checkout experiences.
HK exports up 4.9% in 2024
Imports also went up by 2.6%.
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