Hong Kong
Exports down 7.2% in August
Exports down 7.2% in August
Double-digit declines were recorded for import volume from South Korea and China.
Interconnection bandwidth to grow 55% CAGR in 2018-2022
66% of local businesses shared plans to use virtual connections to support overseas expansions.
Prime street shop rents tumbled 15.4% in Q3 as vacancies mount
Retailers are “running out of money” and expired leases were not being renewed.
Office rents break seven-quarter growth with 1% dip in Q3
Average rents in Central declined the first time since Q3 2014.
Majority of executives struggle to upskill staff for new tech: study
Globally, 78% of business leaders predict an uphill battle in training staff on new tech.
Delivering the Virtual Restaurant of Tomorrow
No waiters, no diners: the food delivery boom is opening new doors for restaurants.
PMI sinks to eleven-year low in Q3
Hong Kong’s economy is contracting at an annual rate of just over 3% in Q3.
Hong Kong is the world's third most competitive economy
It topped macroeconomic stability, health, financial system and product market categories.
HKEX scraps $285.86b bid for London bourse
LSE’s board had unanimously rejected the proposal on 13 September.
Hong Kong faces third-greatest housing bubble risk globally: UBS
It remains the least affordable housing market amongst cities analysed.
Co-working space theDesk opens urban farm at Sheung Wan
A subscription goes for $4,000 every four months.
Greater Central office rents to fall by up to 8% in 2019
Only Hong Kong East defied the rental downturn in Q3.
Volvo Hong Kong unveil sleek sport sedans
The Volvo S60 and V60 promises the ultimate dynamic driving experience.
August retail sales plunge in worst performance on record since 1998
Sales crashed 23% in August, worse than that recorded during the Asian Financial Crisis.
Approved mortgage loans dipped 2.8% to $45.3b
The number of mortgage applications also decreased by 26.5% MoM.
Mall rents slashed by up to 25%
Protests have hit Causeway Bay and Tsim Sha Tsui rents the hardest.
Kowloon office leasing demand weakens further in August
Monthly rent in Admiralty fell 9.4% to $105.5 psf.
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