In Focus
8 in 10 biz leaders stress urgent need to cultivate ‘AI Mindset’ amongst employees
Microsoft said employees will need new skills like prompt engineering in their daily work.
8 in 10 biz leaders stress urgent need to cultivate ‘AI Mindset’ amongst employees
Microsoft said employees will need new skills like prompt engineering in their daily work.
HK to face shortage of over 60,000 suitable elderly places by 2032: report
The city's older population is expected to increase by 46.3% in the next decade.
7 in 10 HK-based firms eye overseas expansion
Firms cited three key motivators for them to expand.
60% of HK-based Japanese companies eye expansion of RCEP operations
RCEP markets, including Japan, accounted for 71% of HK’ total merchandise trade in 2022.
Frontline and low-skill roles to become more attractive following wage hike
The government raised the Statutory Minimum Wage to $40 per hour.
Gov't raises minimum wage to $40 per hour
Previously, it was $37.5 per hour.
Around 7 in 10 restaurants confident about the F&B sector outlook for Q2
Business satisfaction rose to 6.5 from 6.1 in Q4 2022.
New bill slashes transaction costs for Hong Kong market makers
The government gazetted a bill waiving stamp duty payable on certain transactions relating to dual-counter stock.
Gov’t needs to review valuations to ensure success of land sale programme – experts
Colliers estimates Hong Kong land revenue last year only 50% of target.
How brands can create a trustworthy and secure platform for consumers
The majority of Hong Kongers said they have more trust if brands are verified.
Retail sales value in January grew 7% YoY
The total value is at $36.2b driven by the return of tourists.
Demand for co-working spaces went up in February
Knight Frank said the volume of new letting sales doubled in Kowloon.
Residential market to hop on recovery track: Knight Frank
In February, transactions climbed 40.3% MoM.
Mainland tourists could drive Hong Kong’s retail market growth up
Growth in the retail market could reach 25% or pre-pandemic levels.
What can lead Hong Kong’s economy to rebound
Economists predict economic growth of 3.5%-4.0% for Hong Kong.
Exports value drops 8.8% YoY to $286.2b in February
The weak external environment contributed to the decrease.
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