Noreen Jazul

Office net effective rents drop 0.6% MoM in October

Across submarkets, Central posted the largest drop in rents.

Joblessness drops to 3.8% between August and October

The total number of unemployed people stands at 147,400.

Driving the future of Hong Kong's businesses with hyper-automation

Automation carves out new avenues to achieve new business outcomes that would otherwise not be possible. It is safe to say that the disruption caused by automation will continue to have a significant impact across industries.  As Hong Kong strives to develop its digital economy, intelligent connectivity will be crucial to solidifying its position as a regional financial and economic hub.

HK, Peru to kick start free trade pact negotiations on January 2023

The first round of talks will cover subjects such as trade in goods.

Cathay Pacific to hit pre-pandemic capacity levels by end of 2024

In 2022, the airline expects to hit one-third of its capacity. 

Commercial investment volumes drop 19% YoY to US$1.7b in Q3: MSCI

Singapore ranked 5th amongst APAC markets with the highest investment volume.

How much recurring retirement income can Hongkongers get?

The ideal amount for Hongkongers is $21,287 per month.

44% of organisations see an increased need to retain older employees

Organisations are also providing employees additional support around retirement options.

Restaurant receipts value drop 1.8% YoY to $24.1b in Q3

Amongst restaurant types, bars had the biggest drop in total receipts.

Property sales fall 8.1% MoM in October

Year-on-year sales declined by 28.9%

HKMA raises its base rate to 4.25%

The new rate took effect on 3 November.

6 in 10 customers want restaurants  to use sustainable packaging for takeaway food

Nearly half of the restaurants, however, have yet to adopt suitable packaging.

Site in Kai Tak up for public tender

The site is designated for non-industrial purposes.

95,000 private flats to be available in next 3-4 years

The figure is 3,000 less than the previous estimate.

Gov’t further eases distance measures for catering business, scheduled premises

Starting 3 November, restrictions on the operating and dine-in hours will be lifted.