Hong Kong
Surging costs dampen demand for new homes
Plans to relax loan-to-value ratio will have little effect on boosting transaction volumes.
CK Hutchison unit, Vodafone merger will have modest financial impact: S&P
The merger of Three UK and Vodafone could make it the largest telecom player in the UK.
Seven in 10 consumers want personalised discounts from favourite shops
The majority said they will download apps for rewards.
Mox receives licence for HK-US equity trading services
The licence makes it the first Hong Kong virtual bank to offer this service.
Stable profits buoys Public Bank HK’s resilient credit profile
However, higher funding and credit costs will weigh down on profitability.
Hong Kong’s GNI rises by 6.8% in Q1
Its gross national income grew to $756.1b.
Industrial production up nearly 4% YoY in Q1
The IP for sewerage, waste management, and remediation activities grew 0.3%.
Hong Kong SMEs deprioritising employee health and wellbeing in push for on-site work: survey
A new study showed employers are expecting less WFH setups.
Hong Kong is top spot for employees in video editing sector
This is due to the city’s competitive WiFi speed of 87 Mbps.
Health and beauty brand Watsons opened 1,400 stores in Asia since 2019
Watsons most recently opened its 700th store in Malaysia.
Bank of East Asia extends weekend business hours in three branches
They will be open from 1PM to 5PM until 9 July 2023.
No changes to Hang Seng Bank's HKD dollar prime, savings deposit rates
Savings accounts with a total relationship balance of HK$1m or above will enjoy a bonus interest of 0.001% per annum.
Dah Sing Bank shows solid capitalisation, funding and liquidity: Moody’s
The bank has a stable outlook due to its capability to maintain strong credit profiles, including solid capitalisation, funding, and liquidity.
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