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Hong Kong drowning in cash as surplus hits 8.6% of GDP in Q3
PwC estimates fiscal surplus to hit $168b – ten times than the original government estimate.
Hong Kong drowning in cash as surplus hits 8.6% of GDP in Q3
PwC estimates fiscal surplus to hit $168b – ten times than the original government estimate.
Government mulls imposing $350 levy on property recipients
If passed, the PMSA will collect start collecting from property transferees by July 1.
Small brokerages wield large influence over Hong Kong's markets
They’re even gunning for a permanent seat at the HKEX board.
Unemployment steady at 2.9% in November-January
This translates to 106,600 unemployed persons.
Inflation up 1.7% in January
The price of utilities like electricity, gas and water spiked significantly by 10.2%.
A quarter of graduates dissatisfied with their first job despite higher salaries
They believe they deserve more.
Property transaction volume balloons 171% to US$7.4b in Q4
The office sector remains in hot demand with capital values rising 17.5%.
Workers rejoice: Nearly half of employers will raise wages in 2018
However, the increase will only range from 3 to 6%.
Nearly half of bosses urge greater private sector involvement in healthcare
They believe this can enhance services particularly for the elderly.
HKIA passenger traffic down to 6.13m in January
This comes as the Lunar New Year fell on February instead of the first month.
3 in 5 executives laud government fintech initiatives
They belive it is key to maintain Hong Kong's financial dominance.
High-paying jobs open in cybersecurity and mobile development
Developers skilled in UI/UX/HTML/CSS can earn as much as $840,000 yearly.
Prime rates will not immediately rise after Fed hike: OCBC
Banks have enough money to delay its implementation.
How will amendments to China's tax treaty benefits impact listed companies?
Companies might want to restructure to take advantage of the guidelines.
Co-working spaces eye expanding to Kowloon
Less intense competition from traditional office operators lures them in.
Hong Kong's staggering surplus earmarked for ageing population
Senior citizens are expected to account for 26.4% of the population by 2036.
Government willing to spend fiscal reserves on education
Even if it means going beyond the $5b additional funding, said CE Lam.
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