Staff Reporter

Retail sales rebound in May on improved consumption market

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.
3 days ago

Chief Executive names new Under Secretary for Health

Cecilia Fan will succeed Libby Lee in the post.
3 days ago

Resolution Life seals first Hong Kong reinsurance deal worth $1b

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

Howden Re launches reinsurance broking unit in Hong Kong

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

Prudential adds former Swiss Re CIO Guido Fürer to board

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

Victoria Harbour view waterfront hotel up for sale

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

Emperor flags $16.6b in overdue or breached loans

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

Gov’t requires vessel operators to pass medical examination

The medical requirement has two categories for affected operators.
5 days ago

HKICPA, ACCA renew Mutual Recognition Agreement

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.
5 days ago

Star Entertainment’s JV partners move to terminate DBC exit deal

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

I Squared Asia scraps plans to acquire HKBN Ltd

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

Highways Department signs deal for Hong Kong-Shenzhen rail link

The project is expected to go to tender in 2027.
5 days ago

Critical infrastructure cybersecurity law to take effect 1 January 2026

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

Mortgage loans approval up 5.3% in May

The number of mortgage applications also rose 5%.
5 days ago

Adrian Cheng resigns from New World Development board

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