Hong Kong
Construction contract in Kai Tak West signed for $6.24b
Construction contract in Kai Tak West signed for $6.24b
It will build an underwater tunnel in Kowloon Bay to slash travelling time during peak hours.
Goods exports up 5.6% in November
Total export volume to India and Japan posted the most significant increase.
Prime office rents in Admiralty up 10.9% in December
Rents cost $112.1 psf beating Central to post the largest annual change in office submarkets.
Inflation up 1.7% in December
Blame high prices of fresh vegetables and take away meals.
IMF backs Hong Kong's property cooling approach
However, it notes that the Buyer and the Ad-Valorem Stamp Duty should be replaced.
Home sales down 6.3% to 5,337 in December
However, the luxury sector remained active thanks to the traditional year-end bonus distribution.
Online Apparel Brand GRANA Secures Undisclosed Financing from STI Group
Total funding is now at US$16M.
Buildings Department approved 20 building plans in November
New buildings were valued at $1.4b in November.
Hong Kong is the least affordable housing market for eighth time in a row
It’s the only Asian city on the top ten.
Business confidence hits 13% in Q1 amidst expectation of higher output volume
The battered retail sector is expecting better days with the start of the new financial year.
Hong Kong Airlines buys shares in Asian air joint venture
It joins airlines from Malaysian, Indonesian and Brunei airlines as shareholders.
Vacancy rate for Grade-A offices up to 5.1% in December
However, vacancy tightened in highly-sought after Central and Hong Kong East.
How will the proposed two-tiered profits tax regime boost the operations of small enterprises?
The Profits Tax Bill will be formally introduced to the Legislative Council on January 10.
Hong Kong aims for stricter regulation of listed firms' auditors
The move aims to bring the region’s auditory regulatory regime in line with international standards.
Here's why rate hikes are unlikely to shake Hong Kong's heated property market
Bloomberg reports that abundant liquidity acts a shield amongst other buffers.
HKIA air passenger volume up 4.3% to 6.42m passengers in December
Passenger traffic to and from the Mainland and Japan recorded the most significant growth.
Hong Kong beats Singapore in employment performance survey
Jobs in Hong Kong were up 78% and number of job seekers rose 56% YoY.
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