News
Hong Kong exports down 2.4% to $343.1b in April
The total value of exported goods dropped 2.4%.
3 in 4 parents more pressured over finances than older counterparts
Children’s education ranked as their highest financial stressor.
Mainland developers snapped up 3 in 5 government residential site tenders in H1
Only two residential sites with Victoria Harbour views remain for tender on the Kai Tak runway.
Weak passenger revenue and cargo business dim Cathay's growth prospects
Overall yield comes under pressure with the declining travel demand.
Neighbourhood shopping malls flourish in Hong Kong's tight spaces
Investors have pooled $63b into the sector in the past decade.
Academy of Finance launched
It aims to nurture financial leadership and encourage monetary and financial research.
Retail sales down 1.3% to $40b in May
This was blamed on the late arrival of the Labour Day holidays on Mainland.
Hong Kong lenders shrug off virtual banking threat
Account fees, which were waived, represent only a negligible income source.
Over 5,400 flats up for grabs by H1 2019-20
Around 1,350 flats will be available in Kai Tak and Tuen Mun by Q3.
Hong Kong banks to scrap minimum balance fees
HSBC, BEA, StanChart, and Hang Seng did the move in anticipation of stiffer competition from virtual lenders.
Deliveroo launches same-day payment for riders
It allows riders to avail of their earnings at any time.
Expat living is cheaper in Singapore than Hong Kong: study
A cup of coffee in Singapore costs about $39.04, compared to a $54.66 cup of coffee in Hong Kong.
Grade-A office rents fell 1% to $160 psf in May
Most of the deals in Central were in the small or mid-scale level of below 15,000 sqft.
Home sales rose 4.9% in May to 8,208 units
One house at Mount Nicholson sold for $916m.
Retail sales slipped 4.5% in April
Sales of jewellery, watches and luxury goods sector fell 11.4%.
Inflation eases to 2.8% in May
The prices of electricity, gas and water fell.
Private sector vacancies up 4% to over 79,000 in March
Vacancies in transportation, storage, postal and courier services rose 18%.
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