Hong Kong
Legislative Council OKs bill allowing a tax deduction for domestic rents
It is expected to benefit 430,000 taxpayers.
Legislative Council OKs bill allowing a tax deduction for domestic rents
It is expected to benefit 430,000 taxpayers.
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.
‘Worse than 2021’ German business confidence in HK at record low
The average score for business confidence was at 2.30.
Ordinance amending telecommunications regulatory framework comes into effect
The ordinance will implement four major measures.
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.
Private sector employment dips 0.4% YoY in March
This has pushed job vacancies to 53,700.
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.