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Civil service workers to enjoy pay rise for 2018-19
Civil service workers to enjoy pay rise for 2018-19
Employees in the upper band and directorate will enjoy 4.06% higher wages.
Hong Kong trails behind Singapore in asset management business
The city managed US$31.8b in private wealth compared to Singapore's US$53.4b.
Xiaomi hit by $8.58b loss in Q1 ahead of blockbuster IPO
However, Xiaomi is still on track as smartphone shipments ballooned 88%.
Chinese restaurant review and delivery firm Meituan Dianping to file for $6b IPO in June
It was recently valued at US$30b, making it the world’s fourth most valuable startup.
Residential and transport projects dominate construction output in Q1
They accounted for $17.9b and $12.8b respectively.
Home prices up 14.9% in Q1 as Hong Kong leads global property price growth
Demand for small to medium sized units continue to strengthen.
Finance sector leads quarterly business receipts growth in Q1
Business receipts rose by almost a third at 28.7%.
Banks wage war over fixed deposits as interbank lending rates surge
One-year HKD fixed-deposit rate is hiked to as high as 2%.
Bosses willing to hike salaries by 7.5% for top financial talent
Finance managers in the 95th percentile can enjoy as much as $720,000 yearly.
Government moves to reinvigorate film industry with land allocation
There will be a requirement to build cinemas in the Kai Tak and Sha Tin government land sales.
Hong Kong eyes $100b fund for green financing
The fund will be used to implement the Government Green Bond Programme.
Tourist arrivals up 11% to 5.3m in April
A continued recovery in Mainland tourism boosted monthly figures.
Digital revenues to hit US$5.8b in 2022 as consumers embrace mobile
The video games market is expected to be worth US$1b in four years time.
PMI plunges to 47.8 in May as orders dry up and costs mount
Companies turned to price discounts to offset sluggish sales.
Hong Kong's gender pay gap gets worse with age
Women in their 30s earn 11% less whilst those in their 50s earn 25% less than men.
Hong Kong trails behind Singapore in technological readiness
Poor R&D dragged the city to 10th place whilst Singapore snagged the crown.
Alibaba's Cainiao to invest US$1.53b in Hong Kong logistics center
Cainiao Smart Logistics Network will hold 51% stake in the joint venture.
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