Staff Reporter
Real estate investment market rebounds in Q2
Real estate investment market rebounds in Q2
Office and industrial sectors remain under supply pressure.
Banks see steady growth in 2024 amidst global uncertainty
Cost management, risk vigilance, and digital innovation give resilience to the industry.
PAObank extends 16% rate promo on HKD time deposits to July 31
The first HK$50,000 time deposit will enjoy the promo rate.
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.
Southbound Travel Scheme to be launched to promote transport
Hong Kong will embrace Mainland cars in November.
Chief Executive names new Under Secretary for Health
Cecilia Fan will succeed Libby Lee in the post.
Resolution Life seals first Hong Kong reinsurance deal worth $1b
The deal covers a portfolio of in-force participating whole life and annuity policies.
Howden Re launches reinsurance broking unit in Hong Kong
A managing director has been appointed to lead the treaty reinsurance operations.
Prudential adds former Swiss Re CIO Guido Fürer to board
Meanwhile, Amy Yip will step down from the Board on 31 October.
Victoria Harbour view waterfront hotel up for sale
The 30-storey hotel has a gross floor area of 36,873 square feet.
Thai coconut water maker IFBH Limited makes Hong Kong IPO debut
It raised $1.16b.
Emperor flags $16.6b in overdue or breached loans
The group is currently in negotiations with banks to secure revised terms.
Gov’t requires vessel operators to pass medical examination
The medical requirement has two categories for affected operators.
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.
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.
I Squared Asia scraps plans to acquire HKBN Ltd
HKBN also ended the offer period in relation to I Squared Asia’s offer.
Highways Department signs deal for Hong Kong-Shenzhen rail link
The project is expected to go to tender in 2027.
Commentary
How companies can use the new cybersecurity bill to their advantage