Singapore
Fraud suspected in sudden sales spike of $10m Hong Kong flats
Fraud suspected in sudden sales spike of $10m Hong Kong flats
Regulators loosened mortgage rules in October, which is only enough for small-to-medium flats.
Hotels make further room rate cuts to survive
Some have resorted to offering rates cheaper than the city’s subdivided flats.
HSBC to put Singapore trader Zenrock under judicial management
Last month, the trader assured that it was not under financial stress.
JD reportedly filing for second Hong Kong listing
The listing could occur on H2 2020.
Exports down 5.8% to $323.6b in March
Exports to India, Thailand and Singapore posted double-digit declines.
Hong Kong's currency-peg defense heightened to $4.34b
HKMA sold $2.79b (US$360m) of the city’s currency.
Hong Kong to adopt bankruptcy system
The system would give companies a window to restructure their debt.
Cathay Pacific resumes US and London flights
It reinstated three flights between Hong Kong and London Heathrow in 17-21 March.
SMC Electric delays proposed listing, share offer
Application monies will be refunded 16 March 2020.
WeDoctor eyes $1b Hong Kong IPO
It has invited pitches from investment banks to lead the platform’s listing.
Nearly 3 in 5 firms fear virus crisis could spur restructuring
But for now, hiring continues for 63% of companies.
PMI sinks to lowest since 1998
GDP is expected to contract at an annual rate of nearly 5%.
Accounting difficulties lie ahead as Hong Kong sinks into recession
The number of fraud and dispute cases grows, leading to a strong demand for advisory services on forensics.
Inflation up 1.4% in January
Food prices spiked 17% during the month.
Hong Kong retail firms brace for more nCov impact
Tourist arrivals and retail sales already affected by unrest are tipped to worsen.
Inflation up 2.9% in 2019
Mild price hikes on imports and economic conditions will contain inflation in the near-term.
Sluggish retail rents to spill over to 2020
Visitor arrivals were down by 51.5% in December.
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