Noreen Jazul
Gov’t extends rental concessions on its properties, short-term tenancies
Gov’t extends rental concessions on its properties, short-term tenancies
The extension will benefit 24,000 tenants.
The government said it will extend the 75% rental or fee concessions to its properties, and short-term tenancies until 31 December to benefit 24,000 tenants.
Labour department amps up rules in mechanical handling safety in container yards
New rules will take effect on 16 December.
Office demand growth to be 'gradual and moderate': CBRE
Demand will be coming from multinationals and Chinese enterprises.
Over 900 companies downsized Grade A office space from 2019-2022: research
This has resulted in a 3.1% drop in total space office space occupied.
On a day trip? This marketplace allows 2-hour hotel stay and anytime-check-in
With Flow, customers can cut 50% to 70% of the price they usually pay for an overnight stay.
Gov’t adds EAST Hong Kong as designated quarantine hotel
Inbound travellers undergoing quarantine can book the hotel starting 15 September.
Gov’t sets final issuance amount of its 7th silver bond at $45b
It's higher than its target issuance amount of $35b.
Gov’t removes quarantine requirement for aircrew
They can leave the airport upon their arrival if they obtain a negative test result.
Gross value of construction works rises 3.8% YoY to $59.5b in Q2
Of the total, $15.2b were from construction works performed at private sector sites.
Situation of SMEs improves but remains unfavourable
The diffusion index (DI) on business receipts amongst SMEs rose to 45.4 in August.
How many working days will it take before Hongkongers can afford Apple's newest phone?
The iPhone 14 Pro (128 GB) costs HK$8,599.
HK is still the world’s freest economy: Fraser Institute
It held the top rank since the inception of the annual economic freedom report.
Despite a 0.28 point drop in its rating, Hong Kong still ranked first in the latest Economic Freedom of the World report by the Fraser Institute, making it the freest economy in the world.
According to the Fraser Institute, Hong Kong has held the top rank in the index since the inception of its annual economic freedom report in 1980. Frasers Institute issued the report in 1980, 1990, 2000, 2010, 2015, 2019, and 2020, with the latter being the latest edition.
Fraser Institute measures the degree of economic freedom in five areas – the size of government, legal system and property rights, sound money, freedom to trade internationally, and regulation.
Hong Kong got a rating of 8.24, 7.5, 9.65, 8.73, and 8.84 in the five areas, respectively.
The government, for its part, welcomed the Fraser Institute's ranking, adding that the result affirms the city’s “commitment to maintaining an efficient, free, open and fair business environment.”
The government added that it will continue to consolidate Hong Kong's strengths --- free flow of capital, free trade, judicial independence, and more --- to provide a conducive environment for businesses.
How can office landlords achieve ESG goals?
Only 38% of total Grade A office stock is environmentally certified, as per Colliers.
En-bloc commercial building worth $280m in Prince Edward up for sale
It will be sold on an “as-is” basis.
Gov't retains social distancing measures in business establishments until Sept. 21
Bars and pubs will still need to operate at 75% capacity.
Hong Kong reports first monkeypox case
The patient came from the Philippines.
Port cargo throughput dips 5.0% YoY in Q2
The decrease in both inward and outward port cargo drove the overall decline.
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