News
9 subdivided unit landlords face fines for non-compliance with ordinance
                                                                                                 
                        
                        The government levied fines amounting to $24,800.
                    
                                        
                    
                Hong Kong reappoints RTHK chairman of the board
                                                                                                 
                        
                        Five incumbent members of the board were also reappointed.
                    
                                        
                    
                HSBC Singapore names James Coyle as independent non-exec director
                                                                                                 
                        
                        Coyle had previously served on the boards of HSBC UK and HSBC Trust.
                    
                                        
                    
                Higher deposits, wealth buoy BOCHK to 17.9% profit rise in H1
                                                                                                 
                        
                        Interim dividend for the period is HK$0.57 per share.
                    
                                        
                    
                Gov't seeks feedback for Kai Tak, East Kowloon mass transit systems
                                                                                                 
                        
                        Since the 2023 Policy Address, the gov't has been laying the groundwork for the projects.
                    
                                        
                    
                Tan Chong posts HK$35.9m loss in H1 2024 as automotive sales drop sharply
                                                                                                 
                        
                        It reversed its HK$126.9m net profit in H1 2023.
                    
                                        
                    
                GBA Contract simplifies data transfers for Hong Kong businesses
                                                                                                 
                        
                        New regime streamlines cross-border data compliance.
                    
                                        
                    
                HK Express to resume direct flights to Hiroshima, Japan
                                                                                                 
                        
                        It will commence on 1 November 2024. 
                    
                                        
                    
                More roles remain unfilled as Singapore grapples with tech talent crunch: report
                                                                                                 
                        
                        Employers also expressed budgeting and ROI concerns when hiring tech talent.
                    
                                        
                    
                Prime rents slip 0.8% YoY in Q2 2024 amidst increased supply
                                                                                                 
                        
                        On a quarterly basis, rents declined 0.5%.
                    
                                        
                    
                HKMA launches sandbox to accelerate tokenisation adoption
                                                                                                 
                        
                        The sandbox will facilitate interbank settlement using experimental tokenised money.
                    
                                        
                    
                Pay raises remain flat as Hong Kong employers prioritise workforce stability
                                                                                                 
                        
                        The average pay rise will remain at 4%.
                    
                                        
                    
                Prudential’s H1 2024 IFRS profit declines YoY
                                                                                                 
                        
                        It dwindled 80.8% to $182m.
                    
                                        
                    
                Transport Department auctions 350 vehicle registration marks
                                                                                                 
                        
                        Applicants who paid a $1000 deposit must also bid. 
                    
                                        
                    
                Four Smart Traffic Fund projects receive greenlight
                                                                                                 
                        
                        A total grant of $19.9m is allotted for the projects.
                    
                                        
                    
                EHCV scheme expands to Nansha District, Dongguan hospitals
                                                                                                 
                        
                        There will be a total of nine service points where the voucher can be used.