News
Retail sales reverse slowdown with 7.1% gain in January
Retail sales reverse slowdown with 7.1% gain in January
The earlier arrival of the Lunar New year boosted sales growth.
PMI hits 48.4 in February as demand and output sink
Output dropped for the eleventh straight month.
65% of employees think companies lack transparency on pay levels: survey
But 64% also claim to be satisfied about their salaries.
Private home supply for 2019 falls 39% to 15,540 units
The new supply is concentrated in Kai Tak.
A fourth of Hong Kong firms invested over US$1m in digital transformation in 2018: research
Over a third said total spending on technology may grow more than 10% in the next three years.
Government splashes out $16.1b to improve public hospitals
Approximately $700m will go to doctors, nurses and the Hospital Authority’s supporting staff.
UK data centre operator Global Switch mulls Hong Kong IPO
It chose CLSA, Goldman Sachs, JPMorgan Chase & Co., and Morgan Stanley to be the arrangers.
Only 2% of senior executives have a concrete plan to address skill shortages: survey
Information security, big data analytics and digital product development were cited as the most critical roles.
Hang Seng Bank's profits up of 21% to $24.2b in FY2018
Their retail banking and wealth management arms account for 51.2% of the bank’s pre-tax profits.
Hong Kong unveils 2019 Land Sales Programme
It will provide around 8,850 flats.
Government injects $10b to set up public healthcare stabilisation fund
The Hong Kong Genome Institute will also be established to promote the clinical application research on genomic medicine.
Which bank enjoys the highest customer satisfaction in Hong Kong?
This lender occupies the top spot for the second straight year.
Hong Kong's Finance Academy to open in mid-2019
It aims to nurture financial leadership and encourage applied research in cross-sectoral areas.
GDP growth may moderate to 2.2% in 2019 amidst cautious business sentiment: analyst
Q4 2018’s slower GDP growth was mainly driven by a significant drop in fixed investment growth to -5.4% YoY.
Half of Hong Kong and Singapore investors believe the economy will improve in the next three months: survey
However, a global recession is expected in H1 2020.
BEA's profits crashed 30.4% to $6.5b in 2018
Weak investment activity hit its retail and private banking arm.
Hong Kong's 2018 budget surplus dropped 57% to $58.7b
This was partly blamed to weakened revenues of land premium and stamp duties.
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