Hong Kong
Retail sales down 1.3% to $40b in May
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.
Hong Kong could raise up to $300b via IPOs in 2019
PwC predicts 200 public offerings in 2019, including 170 on the HKEX’s mainboard.
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.
The future of banking is digital – a discussion on the strategy for success
Upgrading legacy mindsets is just as important as bringing legacy systems into the digital age.
Think outside the computer
One CTO believes in making self-programming machines that have the capacity to learn from data.
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.
Singapore overtakes Hong Kong as Asia-Pacific's top source for outbound capital in Q1
Cross-border capital in Hong Kong crashed 37% to US$11.14b.
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%.
Getting around Hong Kong: public sector smart mobility for the future
Hong Kong citizens are heavy road users, with over 12.6 million passenger trips on public transport taken every day, and 354 licensed vehicles for every kilometer of road in the city. The congestion costs residents 36% of extra commuting time per year, compared to free-flowing traffic. The city is proud of its public transportation systems and citizen mobility in general, but it can still drive more efficiencies.
FWD in talks to buy MetLife Hong Kong unit amidst acquisition spree: report
A deal could value MetLife Hong Kong at less than US$400m.
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