Hong Kong

Xi Jinping to grace meeting marking 25th year of HK’s return to motherland 

CE Lam says Xi’s attendance shows central authorities’ support for Hong Kong.

Analyst sees fuel hedging price to go up amidst oil hike

Fuel hedging refers to buying oil in the future at a fixed earlier price.

Urban development project at Kowloon City resumes

The 5,164-square-metre site has 155 private property interests.

Anti-narcotics committee seeks to weed out ‘wide availability’ of CBD

It backs the proposal to control cannabidiol under the anti-drug ordinance.

Entertainment, media revenue growth to slow down anew: PwC

The compound annual growth rate will be slower than the global rate.

One chat away: Conversational commerce levels the playing field for brands online

Leaving consumers with unanswered queries can result in $2m missed revenue per day. 

Sleekflow bags $62.79m in Series A funding round

The new round followed a seven-figure pre-series A funding round last year.

Grade A office market’s net absorption hits 129,000 in May

It is the eighth consecutive month that the office market had positive take-up.

Gov’t forms committee on digital economy development

The committee will be led by the Financial Secretary. 

Waterfront Site at Hoi Yu Street tender closing date moved to 25 July

The original closing date was 7 July.   The tender for The Remaining Portion of Inland Lot No. 8590 and The Remaining Portion of Inland Lot No. 8723 at Hoi Yu Street, Quarry Bay, was moved to noon of 25 July upon request of potential buyers.   Originally, the tender was to close on 7 July.   “We receive requests from most of the potential buyers demanding extra time to study the property thoroughly and make informed internal discussion,” CBRE, the property’s marketing agent, said.   CBRE said the property received interest from developers from Hong Kong and China, real estate investment trusts (REITs), institutional funds, family offices, and private investors.   The site for sale is expected to be developed into a large-scale mixed-use complex for commercial, leisure and tourism use.

Gov’t OKs $10b wage subsidies for 1.2 million workers

It represented about 86% of all applications received from workers.

Deadline for 5G subsidy applications extended to 31 December

The $100m scheme was launched under an anti-epidemic fund.

livi bank, Mastercard offer private film screening at the CORONET

Each booking entitles users to a 20% cash back and a bottle of Prosecco.