Hong Kong
Cathay Group rebounds from loss, posts $4.3b profit in 1H23
Cathay Group rebounds from loss, posts $4.3b profit in 1H23
The group’s 1H23 profit translates to a 9,267% YoY jump.
Foreign currency reserves hit US$421.6b in July
It rose from the US$417.3b record in June.
Nine out of 10 HK, GBA policyholders trust their personal data with insurers: Survey
Personalisation, improved claims, and cost savings influenced their trust.
HKB Greater Bay Area Enterprise Awards 2023 is now accepting nominations
Companies can send their nominations for the awards programme’s third year until 6 October 2023.
HK SMEs mull hiring non-local talents amidst recruitment difficulties
Nine in 10 SMEs plan to hire from the Mainland.
HKIA career expo to offer over 100 jobs
Amongst the companies that will participate in the expo is Hong Kong Airlines.
SG RNA tech firm completes $390m Series D funding; applies for HKEX
Mirxes creates diagnostic solutions to early detect diseases.
New bill positions Hong Kong as a more attractive hub for single family offices
Experts say the city’s tax incentive regime is less stringent than Singapore’s.
Total receipts in restaurant sector grew 24.3% YoY in Q2
It was estimated at $27.4b.
CK Hutchison posts 41% YoY drop in its profit attributable to shareholders in 1H23
The group’s NPAT for the period was $11.2m.
Nearly three-quarters of workers prepare to look for new job
Inflation and workplace instability fuelled this development.
Property sales drop 7.3% MoM in July
Year-on-year sales fell by 11.4%.
More than a quarter of workers have side jobs for extra income
Above 30% of side hustlers use the extra money for living expenses.
Hongkongers dominate England’s property market with £10.8b portfolio
They also preside over the most valuable bricks-and-mortar portfolio in England.
Hongkong Land records $333m loss in 1H23
The company attributed the loss to a decrease in the rents of its HK office portfolio.
Retail sales value jumps 19.6% YoY in June
The total value stood at $33.1b.
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