News

Tung Chung set to rise amidst intensified Lantau infrastructure drive

New extensions will boost its population to over 268,000.

Hong Kong families need at least $6.63m to cover dependents in case of death: survey

On the other hand, childless couples only need $3.29m in savings.

2.5 million sqft of retail space to be completed in 2019

Healthcare and cosmetics firms will drive leasing growth.

Grade A office rents may drop 5% in 2019

Capital controls and RMB depreciations will continue to hamper growth.

Hong Kong M&A activity slumped in 2018

Mergers and acquisitions deals fell to 1,050 transactions with a combined value of US$87.93b in 2018, down from 1,252 transactions with a combined value of US$108.28b in 2017.

Where to park your money in 2019

It was an undeniably terrible year for equities, but experts are not completely writing them off in 2019.

Banks' 2019 loan growth cut to 2% as trade and mortgage loans take hit

Lending to Mainland firms has been trending downwards to 6.1% in September 2018.

SFC slaps $2.4m fine on FWD Life

The insurer failed to meet the required number of personnel with sufficient investment experience.

Singapore SMEs turn to Hong Kong for short-lived IPO rally

However, they failed to sustain the momentum as they trade below offer prices.

Property deals down 5.5% to 79,193 in 2018

The trade spat and China's economic slowdown hit demand.

Government targets 12,600 public housing flats on Kai Tak by 2026

The former airport area could provide homes for 35,100 residents.

Hong Kong minimum wage to rise 8.7% $37.50 in May

It's the biggest increase since the scheme was introduced in 2011.

Tourist arrivals surge 20.6% to 6 million in November

The month witnessed a recovery in visitor arrivals from non-Chinese markets.

PMI hits 48 in December as demand sinks

Vendor performance has deteriorated for 20 months.

Baby Basics aims to be a one-stop online portal for all your infant essentials

It also unveiled its physical store in Lansing House following a positive online response.

Alphaslot makes a bet on blockchain-powered casino gaming

It is also launching a utility token called SLOT for in-game purchases.