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Singapore and Hong Kong will be the most impacted amidst pandemic: Moody's
Both markets are deemed export-dependent.
Singapore and Hong Kong will be the most impacted amidst pandemic: Moody's
Both markets are deemed export-dependent.
Almost half of senior managers expects business situation to be worse in Q2
Accomodation and food services worst hit amongst all sectors.
Inflation up 2.3% YoY in March: C&SD
This is attributed to the rents paid and waived by the government.
Rental decline in commercial properties seen in Q1
Grade A office leasing net absorption at its weakest since 2002. The rental declines in warehouse, grade A offices, and retail properties accelerated in Q1 2020, according to CBRE.
Hong Kong's currency-peg defense heightened to $4.34b
HKMA sold $2.79b (US$360m) of the city’s currency.
Total exports volume up 5.4% in February
Exports to Vietnam, Taiwan and China saw double-digit increases.
Unemployment rate widens to 4.2% in Q1
Food and beverage suffered the most with an 8.6% increase in unemployment rate.
Citibank launches special personal loan
Clients can apply for loans up to $30,000.
Cathay Pacific's passenger count drops 90% in March
Revenue passenger kilometres likewise fell by 84.3%.
Citi rolls out relief measures for customers
Clients are offered a one-month maturity extension for import trade loans.
Residential volumes tread new lows
COVID-19 hits luxury transactions harder than the mass market.
Hong Kong's leaders see combined income cut of 20% on virus
A portion of the income has been donated to a charity organisation.
Hong Kong may release more financial stimulus packages in 2020
Fiscal deficit of 9.5% of GDP to be expected this year due to additional spendings.
Worsening unemployment weighs on housing prices: JLL
Potential buyers will retreat on house buying.
Office market end users hold back investments due to COVID-19 outbreak
General market declined by 4.1% whilst commercial volumes fell.
Hong Kong named 5th largest IPO market
Hong Kong IPOs remained resilient in Q1 2020.
Gross national income up 1.6% to $3.02t in 2019
Hong Kong recorded a net primary income inflow of $148.2b.
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