News

Credit losses will notably decline in 2021.

More homeowners offer discounts to offload properties as market sentiment weakens.

Last month, the trader assured that it was not under financial stress.

Jewellry, watches and clocks and valuable gifts saw the sharpest decline.

Some food service chains have reduced operating hours.

This is due to the weak performance in both domestic and external demand.

Their exposure to SMEs and unsecured loans heightens the risks.

The listing could occur on H2 2020.

One-off tiered subsidies will be provided to parlours, massage establishments, and party rooms.

Exports to India, Thailand and Singapore posted double-digit declines.

The industry posted an overall occupancy rate of 29% in February.

Air exports and imports record a downward trend due to decline in demand. Overall air trade outlook of companies that focus on in- or out-bound air trading dropped to 23.7 in Q2 2020, according to DHL Hong Kong Air Trade Leading Index. This is 5.5 points lower than 29.2 in Q1 and the lowest reading since 2014.

Both markets are deemed export-dependent.

Accomodation and food services worst hit amongst all sectors.

This is attributed to the rents paid and waived by the government.

Grade A office leasing net absorption at its weakest since 2002. The rental declines in warehouse, grade A offices, and retail properties accelerated in Q1 2020, according to CBRE.