Staff Reporter

Total retail sales value increased by 2.4% year-on-year to $31.3 billionThe value of total retail sales in May 2025 is estimated at $31.3 billion, a 2.4% increase year-on-year(YoY) according to the Census and Statistics Department (C&SD).The figure improved from the 2.3% YoY drop in April. For the first five months combined, the value of total retail sales decreased by 4% YoY.

Cecilia Fan will succeed Libby Lee in the post.

The deal covers a portfolio of in-force participating whole life and annuity policies.

A managing director has been appointed to lead the treaty reinsurance operations.

Meanwhile, Amy Yip will step down from the Board on 31 October.

The 30-storey hotel has a gross floor area of 36,873 square feet.

It raised $1.16b.

The group is currently in negotiations with banks to secure revised terms.

The medical requirement has two categories for affected operators.

Both sides further enhanced connection by expanding professional development opportunities.Hong Kong Institute of Certified Public Accountants (HKICPA) renewed its Mutual Recognition Agreement (MRA) with the Association of Chartered Certified Accountants (ACCA) on 27 June.

The group said it is still open for further negotiations with its JV partners.

HKBN also ended the offer period in relation to I Squared Asia’s offer.

The project is expected to go to tender in 2027.

The notice goes to LegCo for negative vetting on 2 July.

The number of mortgage applications also rose 5%.

He is leaving to focus on public service and personal commitments.