Noreen Jazul
Hongkongers dominate England’s property market with £10.8b portfolio
Hongkongers dominate England’s property market with £10.8b portfolio
They also preside over the most valuable bricks-and-mortar portfolio in England.
Hongkong Land records $333m loss in 1H23
The company attributed the loss to a decrease in the rents of its HK office portfolio.
Retail sales value jumps 19.6% YoY in June
The total value stood at $33.1b.
GDP growth eases to 1.5% in 2Q23
In 1Q23, the economy grew by 2.7%.
105,000 private flats to be available in next 3-4 years
The figure is 2,000 less than the previous estimate.
Reject cookies: 8 in 10 consumers prefer to engage with brands that collect data directly
In APAC, Hong Kong has the highest proportion of users who reject all cookies (24%).
Malaysia extends visa-free entry period for HKSAR passport holders
HKSAR passport holders can now stay in Malaysia for up to 90 days without a visa.
7 in 10 CEOs say company culture is key to boosting financial performance
This is why 86% of CEOs in Hong Kong and Singapore are working on culture initiatives.
HK offers 5th most expensive pay and benefits package for ex-pats in the world
This is despite a 2% decrease in the value of its ex-pat package.
HKEX, India Stock Exchange ink cooperation pact
The stock exchanges will promote sustainable finance in Asia amongst others.
Which sectors do Hongkongers prefer to work for the most?
The top industry saw a 3-point increase from 2022 in terms of attractiveness.
HKMA raises its base rate to 5.75%
The new rate took effect on 27 July.
Hong Kong’s restaurants remain undermanned: survey
Data from Deliveroo showed that six in 10 restaurants are still hiring.
Exports value dips by 11.4% YoY to $337.4b in June
The pace of decline, however, has moderated.
Keppel, HSBC join hands to create decarbonisation solutions
The parties will also explore cooperation on other energy transition opportunities.
Buildings department greenlights 8 building plans in May
Of the plans approved, three are on Hong Kong Island.
Luxury residential sales fall 12.9% MoM in June
Only 183 units got sold during the month.
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