Staff Reporter
Financial constraints and skills shortage obstruct construction sector growth
Financial constraints and skills shortage obstruct construction sector growth
Private and private non-residential workloads fell in Q2.
GDP increases 3.3% YoY in Q2, faster than Q1 growth
In Q1, the economy grew by 2.8% YoY.
HKIA rolls out smartphone express bag drop service
The service is available to all passengers in Hong Kong.
ZA Bank enables users to earn 8% p.a. Savings rate by walking daily
Users must complete fitness challenges in August.
MSIG HK achieves highest claims settlement since 2020
Compared to the previous year, the claims settlement ratio was at 92.9%.
Dock 1A's revamp to bring Sai Kung’s first mega shopping mall
The revamped mall will launch in Q1 2025.
Cathay Group fully repays HKSAR government’s $19.5b investment
The group has also paid the government a total of $2.44b in preference share dividends.
HK and Laos ink 12 MoUs covering trade and education collaboration
Laotian students will receive public university scholarships from the HK government.
Hainan opens visa-free travel for Hong Kong-organised group tours
Tour groups are allowed to stay in Hainan visa-free for six days.
Investors target HK retail properties with yields over 5.5% amidst rate cuts
A recent transaction yielding over 5.5% is a ground-floor unit in the Prince Commercial Building.
Grade A office leasing stalls amidst economic woes
This exerts pressure on landlords to offer generous incentives.
Hang Seng Bank’s profits up 1% to HK$11.3b in H1
Net interest income and net operating income both rose.
BOCHK to conduct system maintenance on 4 August
Some services will be unavailable until 12NN.
FWD and ESDlife debut health and wellness platform
The insurer saw health insurance claims surge last year by 18%.
AXA HK, Macau unveil new travel insurance via partnership
It offers coverage in personal liability of up to $260m.
HKBU develops more accurate way to inspect sulphur-treated food, Chinese herbal medicine
This approach uses tryptophan sulphonate.
2 in 5 Gen Zs, Millenials want to ditch their jobs thanks to financial stress
Both millennials and gen Zs in HK want wellness solutions in the workplace.
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