Hong Kong
Gov’t passes bill to boost social worker standards
Gov’t passes bill to boost social worker standards
Secretary Sun emphasised the importance of social workers in national security.
Cathay Pacific to buy back remaining 50% of gov't preference shares
The airline's repurchase of the stake is valued at $9.75b.
4 residential developments issued pre-sale consents in Q2
One of the developments is located in Happy Valley and expected to be completed next year.
Hong Kong enacts 'patent box' tax concession
This include offering a 5% tax rate on qualifying profits from patents.
HK insurers may need capital boosts due to new rules
The new regime could be costly for insurers.
Popway Hotel up for sale via public tender
The tender will close on 1 August.
New pet critical illness cover introduced in Hong Kong
It is available to pets of any age and breed, for an annual fee of $14.40.
‘418 rule’ overhaul bridges benefit gap for Hong Kong workers
Upon legislation, the ‘468 rule’ will benefit an additional 11,400 Hong Kong employees.
Riviera Plaza in Tsuen Wan for sale
The plaza was completed in 1990.
Hong Kong banks face mixed outlook with expected rate cuts in 2024
Credit risk management will be a key concern for banks amidst fluctuating interest rates.
HK retail leasing market stable amidst shifting consumer trends
The overall high street vacancy rate held steady.
HK's new legislation welcomed by insurance industry
The legislation advocates for international insurers to re-domicile in Hong Kong.
Hong Kong to resume hotel accommodation tax in 2025
It will reimpose HAT at a rate of 3%.
Property sales down 28.7% in June
Still, it increased 9.8% compared to the previous year.
Hotel COZi Resort Tuen Mun in New Territories for sale
The 14 storey property has 430 rooms and has a 90% occupancy rate.
HK announces first visa approvals under new investment scheme
The scheme garnered 339 applications and over 3,700 enquiries as of 30 June.
Hong Kong navigates educational resilience amidst ‘brain drain’
A total of 6,748 teachers fled their positions, straining Hong Kong’s education system.
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