Hong Kong
IBI Group expects up to $56m profit
The Group’s preliminary estimates saw an increase in profit of between $51.9m and $56.2m.
IBI Group expects up to $56m profit
The Group’s preliminary estimates saw an increase in profit of between $51.9m and $56.2m.
Automation threatens 56% of the Hong Kong workforce
Fears over automation putting jobs at risk remains prominent amongst Hong Kongers.
Economy rebounds 7.8% after six quarters of contraction
The GDP growth during the first quarter was linked to Hong Kong's stronger external trade.
Mortgage loans leapt to $53b in March
Banks received nearly 18,000 applications during the month.
Hong Kong's loan-to-deposit ratio rises to 83.3% in March
A gradual rise in loan demand is being seen as the economy begins to recover, OCBC has said.
Government records $232b fiscal deficit
Fiscal reserves, meanwhile, stood at $927.8b, as of 31 March.
Ready-to-drink tea sales dominated by major brands: Nielsen
Nielsen sees a similar trend emerging in key categories such as shampoo and chocolate confectionary.
Around 42% of consumers grapple to pay bills on time
Financial pressure amongst Hongkongers remains intense, following several waves of the COVID-19 outbreak.
BOC Hong Kong's operating income climbs 16% to $13.42b in Q1
The Q1 performance, however, was lower by 9.8% year-on-year.
Hong Kong jeweller Tse Sui Luen sees $40m net loss
The company said the pandemic continues to affect its operations.
Hong Kong bans flights from “extremely high risk” Nepal
Suspension of flights from India, Pakistan and the Philippines have also been extended.
Four in 10 Hong Kongers received salary increases in 2020
Most of these saw their salaries rise by between 3% and 5%.
Government sees “strong GDP growth” in first quarter
This comes after Hong Kong’s economy contracted 6.1% over the course of 2020.
Measure granting personal tax concessions passes LegCo
The bill is expected to relieve financial burden of taxpayers.
Hong Kong relaxes COVID-19 measures as vaccine bubble starts
The government said the new social distancing measures would take effect from today, 29 April.
F&B operators driving up rents in non-core retail areas
About half of 65 deals done by Savills were situated in non-core areas.
Find out which jobs to seize in the Greater Bay Area
KPMG has identified three major sectors that will create the most opportunities.
Read Here
Advertise
Sign Up
