News

Unemployment rate steady at 3%

The underemployment rate also remained unchanged at 1.2%.

Unemployment rate steady at 3%

The underemployment rate also remained unchanged at 1.2%.

Gov't issues resumption notices for Hung Shui Kiu/Ha Tsuen NDA

It is expected to provide approximately 66,700 new housing units.

Ombudsman launches investigation on PRH recovery workflow

Refurbishing a vacant PRH flat takes 44 days.

Cathay Cargo signs agreement with Northlink for cargo terminal access

It will serve as a technical stop for its transpacific Boeing 747 freighter and cargo operations.

Gov't urged to roll out further reforms to attract more investments

The government should capitalise on its strengths to attract foreign investments.

PCPD finds 23 blind ads, convicts 26 over doxxing

It has received 57 enquiries and 11 complaints regarding Blind Ads.

HKSAR and Beijing sign cooperation agreement on industrialisation efforts

The agreement will also promote cooperation in industry and information technology.

EASA updates airworthiness directive for Airbus A350 Rolls-Royce engines

The directive follows inspections revealing that the engine fuel hose may cause fuel leaks.

Cathay Airbus defect could lead to ‘extensive’ damage, Hong Kong probe reveals

The investigation found that a ruptured fuel hose connected to one of the engine’s fuel spray nozzles caused the fire. 

Hang Seng Bank reduces lending rate, deposit rates 

Its prime lending rate and deposit rates are now 25 basis points lower.

HDI Global names new Hong Kong branch CEO, Director

The new CEO’s role is effective 1 November.

ZA Bank cuts installment loan interest rate

Applicants get a cash reward of up to $188.6 until 30 September.

BEA lowers HK dollar savings rate, prime rate

The new rates come into effect on 20 September 2024.

HKMA reduces base rate to 5.25% in response to US Fed rate cut

The US Fed imposed a 50bps cut to its federal funds rate.

Luxury brands set to double retail space at K11 Musea

This expansion capitalises on the prime location and increasing foot traffic of K11 Musea.

Hong Kong leads crypto market growth in Eastern Asia at 85.6%

The growth was fueled by the country’s supportive regulatory frameworks.