Noreen Jazul
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%.
Housing Bureau picks 4 more sites to build light public housing units
The bureau now has eight sites for the project.
Private flat supply pegged at 105,000 units in next 3-4 years
The figure is 10,000 more than the previous estimate.
Exchange Fund posts investment loss of $202.4b in 2022
It also ended the year with a negative investment return of 4.4%.
Exports value fall 28.9% YoY to $348.1b in December 2022
The deteriorating external environment contributed to the fall.
Real estate investment volumes in APAC to fall 5%-10% in 2023
In 2022, volume declined by 25%.
Credit and charge card payments to exceed $800b in 2026
The market is expected to grow at a CAGR of 3.9% between 2022-2026.
Basic food products cost almost a quarter of Hong Kongers’ minimum wage
Employees earn a minimum of $7,500 net monthly.
Grade A office vacancy rate rises to 12.1% in December 2022
New completions pushed the vacancy rate up.
Why urban industrial and logistics will be a ‘haven’ for investors in 2023
Savills said the sector will see “robust occupier demand.”
Gov’t scraps isolation order for COVID infected individuals
The arrangement will be lifted on 30 January.
Unemployment rate falls to 3.5%
By the end of last year, the total unemployed was 126,000.
LegCo approves Stamp Duty amendment bill
The amended ordinance will come into force on January 27.
53% of APAC CEOs believe their business models will not survive within the next decade
Asia Pacific CEOs eye three changes in their business models.
8 investment ideas to achieve affluence in the year of prosperity
Financial experts said active portfolio management is crucial amidst economic uncertainties.
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