Hong Kong
Demand for Grade A office spaces sours amidst slow economy
Leasing demand from co-working centres plunged 63%.
Demand for Grade A office spaces sours amidst slow economy
Leasing demand from co-working centres plunged 63%.
Apex Motors to launch $1.5m electric supercar
The car is priced to compete with Tesla’s Roadster.
Bank of East Asia to review its portfolio
This follows after its profits were nearly halved in Q4 2019 due to losses.
HKMA cuts benchmark interest rate to 1.5%
It was in line with the US Fed’s cuts in response to the virus outbreak.
January retail sales remain severe amidst COVID-19 outbreak
Value of sales dropped 21.4% to $37.8b compared to a year earlier.
Finance chief sees property holding up despite turmoil
Paul Chan stated that there is no risk of “an off-the-grid type of downfall”.
Standard Chartered's earnings recovery to be delayed by COVID-19: S&P
The group’s target 10% RoTE will likely be delayed beyond 2021. Standard Chartered Bank’s performance for the first half of 2020 will be dragged by the COVID-19 outbreak, as 40% of its operating income comes from its Greater China and North Asia (GCNA) segment, according to S&P Global Ratings.
18 projects unveiled in new land sale programme
The residential sites will provide an estimated 15,730 units in 2020-2021.
Shoppers shun online shopping apps: study
Consumers prefer to pick up an item in-store after purchasing it online.
HKMC to launch mortgage loan pilot scheme
It has interest rates of 2.75%, 2.85%, and 2.95% per annum for periods of 10, 15 and 20 years, respectively.
Hong Kong runs fiscal deficit for first time in 15 years
The government expects the deficit to widen to 4.8% of the GDP for next year.
Hong Kong's permanent residents to get $10,000 each
The government is looking to boost local consumption.
Government cuts taxes, waives fees to rescue embattled enterprises
It will cost the government $18.3b in total.
Grade A office vacancies widened to 6.1% in January
As a result, rents dropped the sharpest by 1.1% MoM to $120 psf.
Exports down 22.7% to $269.4b in January
The drop in values was blamed on the timing difference of the Lunar New Year.
Cash handouts, tax cuts on the cards for recession budget
Eyes are also on the city’s $1.12t fiscal reserve.
Check out Hong Kong's top fintech deals from 2015-2019
Online brokerage firm Futu Holdings raised $1.13b (US$145.5m), the largest deal since 2015.
Read Here
Advertise
Sign Up
