Hong Kong
Unemployment rate rises to 5.4% from February to April
The total number of unemployed people stands at 206,100.
Unemployment rate rises to 5.4% from February to April
The total number of unemployed people stands at 206,100.
Grade A office vacancy rate remains flat at 9.4% in April
The unchanged rate was on the back of the completion of the new supply.
GDP shrinks by 4% YoY in Q1
This is a reversal from the growth in the previous four quarters.
DBS, CNTIC ink $122m green bridge loan deal to fund wind farm project
The project will be in Tomislavgrad and Livno in Bosnia and Herzegovina.
Citi appoints new Hong Kong insurance head
She was formerly the Chief Partnership Distribution Officer at Prudential.
AXA Hong Kong launches green rebate program for business clients
This is activated if clients fully utilise their eClaim services.
Investors abandon HK's office sector in Q122: report
Office has been overtaken by other core sectors in terms of investment volume.
Lifting of flight ban boosts Cathay Pacific’s passenger total by 82.2%
This is, however, still 98.7% lower than April 2019 figures.
Barratt Developments appoints JLL as its sales and marketing agent in HK
JLL will be tasked to promote the developer's UK homes to HK investors.
Retail sales drop 13.8% YoY in March
The local epidemic situation dampened consumption confidence.
Businesses lost over $1.18b due to hidden exchange rate markups
There were hidden exchange rate markups when sending cash overseas.
Beyond survival: SMBs can ramp up business by harnessing the power of innovation
The fifth COVID wave in Hong Kong has brought unprecedented challenges to small-and-medium-sized businesses (SMBs) but signs of recovery are already starting to emerge. A recent survey conducted by CPA Australia found that 57% of SMB respondents expect their revenue to stay at a normal level or even grow in the next three months.
Material costs main obstruction in construction activity in HK: survey
About 78% of those surveyed said they are also having access issues to materials.
Hong Kong GDP to shrink by 4.0% YoY in Q122: estimates
This will mark the first contraction since Q4 2020.
Fifth wave delays recovery of HK’s commercial property market
Amongst the hardest hit was retail, recording a 6.8% QoQ drop in high street shop rents.
It may take a longer time before things get better for the commercial property market, as the fifth wave slowed down its path to recovery.
HSBC unveils Well+, incorporates banking and insurance in one platform
Customers can earn rewards of up to $2,000.
More than 2 in 5 Hongkongers scared of losing their job seek career shift
This marks a 9% rise from the survey in 2021.
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