Staff Reporter

What are the keys to overcoming challenges hammering the construction sector?

The sector's major challenges include supply chain and labour shortages.

Lifting of flight ban boosts Cathay Pacific’s passenger total by 82.2% 

This is, however, still 98.7% lower than April 2019 figures.

SCPG to acquire 50% interest of CITIC Capital’s Changsha mall

The two firms signed an agreement for the acquisition.

Retail sales drop 13.8% YoY in March

The local epidemic situation dampened consumption confidence.

Businesses lost over $1.18b due to hidden exchange rate markups

There were hidden exchange rate markups when sending cash overseas.

Material costs main obstruction in construction activity in HK: survey

About 78% of those surveyed said they are also having access issues to materials.

Hong Kong GDP to shrink by 4.0% YoY in Q122: estimates

This will mark the first contraction since Q4 2020.

Fifth wave delays recovery of HK’s commercial property market

Amongst the hardest hit was retail, recording a 6.8% QoQ drop in high street shop rents.   It may take a longer time before things get better for the commercial property market, as the fifth wave slowed down its path to recovery.

Global law firm returns to SGX-listed Hongkong Land’s portfolio

White & Case moving to York House, property under Hongkong Land.

DBS, Xero simplifies SMEs loan application with data-sharing partnership

Xero customers now has the option of sharing their transaction records to DBS.

Mass residential prices to decrease 5%: JLL

This is due to the dampened sentiment in the first quarter of 2022.

Hong Kong rise to 4th in Asia-Pacific in 2021 women entrepreneurs index

It posted a 64.7 score which is an unchanged status from 2020.

Hong Kong investment market to recover in H2: Colliers

This is on the back of sustained investor interest for quality assets.