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Hong Kong salaries to rise 1.4% in 2020, still amongst Asia's lowest: study
This is well below APAC’s average salary increase of 3.2%.
Hong Kong salaries to rise 1.4% in 2020, still amongst Asia's lowest: study
This is well below APAC’s average salary increase of 3.2%.
Business activity sinks to record-low as PMI drops to 39.3 in October
Demand from mainland China fell at the sharpest rate in 21 years.
Singapore's CapitaLand sells Citadines Mercer Hong Kong for $581.1m
The property has an agreed value of $129.4m.
Four mobile networks buy 5G spectrum for $665.13m
The assignment of the spectrum will take effect in December.
SFC to issue virtual asset trading license
The regulator has published a set of standards comparable to licensed securities and trading brokers.
DBS Hong Kong launches fully virtual wealth management account
Customers can now set-up a multi-currency savings and wealth management account through their smartphones.
Property sales down for fifth straight month in October
But total sales consideration soared 44% to $65.6b.
Restaurant receipts down 11.7% to $26.4b in Q3
This is the worst year-on-year decline recorded since the SARS outbreak in 2003.
Retail sales down 18.3% in September
Retail sales are expected to stay weak in the near term as local social incidents continue.
Hong Kong is the 7th costliest office fit-out market in APAC
Soaring AV/IT costs add to the expensive builders’ works.
Developers to shift away from nano flats
The supply of nano flats will shrink starting 2022.
Hong Kong sinks into recession
GDP slumped 3.2% into region’s worst performance since the 2009 global financial crisis.
Hong Kong economic growth may plunge into negative territory by end-2019
Both domestic and external demand remained weak.
Bank of East Asia forges digital banking partnership with five firms
Customers can apply for loans and purchase products online in these platforms.
Hong Kong urged to boost $2b economic stimulus
Some subsidies may drive consumption overseas or remain useless amidst the protests, argued Natixis.
Air transport body calls on HKA to fix financial situation
The authority warned to take action unless the situation improves.
Luxury condo prices down 1.7% in Q3 as the rich rein in spending
Hong Kong Island’s luxury home sales crashed 90% to just 10 in September from 100 in April.
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