Staff Reporter
Hong Kong economy may expand by 3.5% in 2023: BEA
Hong Kong economy may expand by 3.5% in 2023: BEA
The economy is expected to contract by around 3% in 2022.
Government proposes measure to expedite development procedures
The bill outlined five directions to amend the current procedures.
Rent level for new public housing flats set
The rent will apply to 7,595 flats in Lai Yiu and Hei Yiu Estates.
Hong Kong’s Fusion Bank offer digital loans for BYD electric cars
The loan has an annual percentage rate (APR) of as low as 3.9%.
Gov’t cuts quarantine period to 5 days
Patients and close contacts, however, must obtain negative test results first.
Hong Kong employees expect 10-15% salary increase when switching jobs: Randstad
Some expect a salary raise of between 15% and 20%.
External environment, cross-border travel disruption weigh business sentiment
Business receipts in the third quarter showed decreases, the C&SD reported.
Office rents to decline 3%-5% in 2023: report
The demand will remain sluggish due to global and local economic situations.
DBS to launch IATA Pay in Hong Kong, Indonesia, Singapore
Airlines can access up to US$20b in savings from payment processing fees.
Asia-Pacific carriers to suffer $10b loss in 2022: IATA
This will narrow to a $6.6b loss in the following year.
Gov’t ramps up efforts to attract global talent
Amongst efforts include the establishment of the Talents Service Unit.
Hang Seng Bank appoints new Chief Marketing Officer
Jordan Cheung will take the position, starting 19 December.
Legislative Councils OKs anti-money laundering bill
The bill requires persons engaging in VA activities to apply for a license from SFC.
What Hong Kongers are saving their money for?
Inflation, however, is hindering them to pursue these goals.
Hong Kong is world’s second most expensive location globally: study
New York City takes the top spot as rents soar, whilst Hong Kong’s property demand fell.
High-profile crypto failures in 2022 drive stricter tax reporting
Tax reporting for crypto is rapidly becoming a global phenomenon.
Retail street rents to decline 10-15% YoY in 2023
Retailers are not optimistic about the sector’s outlook, according to Knight Frank.
Read Here
Advertise
Sign Up
Commentary
Strategic location tips for playgroups and education centres
Innovating CSDs: What Hong Kong can learn from Euroclear Cash+