Staff Reporter
‘Sluggish’ economy drags residential market: report
‘Sluggish’ economy drags residential market: report
The overall stamp duty revenue dropped 41.9%YoY in 2022.
HK fosters cooperation with Saudi Arabia
CE Lee discussed possible collaboration on I&T development.
Foreign currency reserves hit US$436.9b in January
It expanded from the US$436.9b record in December.
Hong Kong’s Mox Bank launch time deposit products with up to 10% interest
New customers who open an account in February will avail an additional 9.7% time deposit rate.
With luxury site losing appeal, mass residential sites gain traction amongst developers
This as interest in acquiring luxury residential sites declined.
How Watsons plans to tap Middle East’s fast-growing consumer market
The beauty company opened 17 stores in the region in just two years.
HK-Mainland travel fully resumes
Given the resumption, the quota for cross-boundary travellers has been scrapped.
Retail sales value increases 1.1% YoY in December
The total value stood at $33.7b.
HK rises to fourth rank in global data centre market report
It improved its rank due to strong connectivity and consistent demand.
Standard Chartered clinches approval to set up securities firm in China
It will receive an initial capital injection of over $155m.
GSS Energy, MECOM partner for EV business dev’t in Southeast Asia
They will focus on Singapore, Thailand, Indonesia, and Malaysia.
Property sales rise by 24.2%
More than 4,400 sale and purchase agreements were recorded in January.
HKMA raises its base rate to 5.00%
The new rate took effect on 2 February.
ZA Bank names former chief executive of rival virtual bank as new CEO
Ronald Iu joined ZA Bank’s parent ZA International in February 2022.
Swire Properties buys 40% stake in premium residential site in Bangkok
The transaction was worth HK$570m.
HK is 7th most crypto-ready market in the world
The city is home to 251 crypto-based companies.
Economy contraction narrows in Q4 at 4.2%
In Q3, the economy shrank by 4.6%.
Read Here
Advertise
Sign Up
Commentary
Strategic location tips for playgroups and education centres
Innovating CSDs: What Hong Kong can learn from Euroclear Cash+