Noreen Jazul
Residential transaction volume drops in October amidst wondering economy
Residential transaction volume drops in October amidst wondering economy
Units sold in the primary and secondary markets were at 672 and 2,476, respectively.
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.
Economy contraction widens in Q3 at 4.5%
In Q2, the economy shrank by 1.3%.
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.
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