News
Peak Re reports ‘best-ever’ earnings with $200m in FY’23
Peak Re reports ‘best-ever’ earnings with $200m in FY’23
Favourable January renewals are seen to sustain strong underwriting margins.
OneChain, LEAFIoT join forces to protect urban trees, preserve the environment
The collaboration enhances data integrity, authenticity, transparency, and traceability in tree monitoring and management.
Fubon Bank HK warns against fraudulent website
The bank has already reported the matter to the Hong Kong police.
Industrial rents slip 0.7% QoQ in Q1
Tenants prioritising practicality has affected rates.
Gov’t, ASTRI partner for enhanced immigration service
Technology developed by ASTRI will be used to improve work efficiency.
HK's institutional investors infuse US$1.2b into APAC real estate
Investments into Hong Kong, however, dropped.
Hong Kong banks’ loans and deposits ‘virtually unchanged’ in March
But banks saw a decline in foreign currency and renminbi deposits.
HKMA denies links to firms claiming to assist in financial fraud cases
The central bank said that it has reported the case to the police.
Hang Seng Bank maintains HKD lending and savings rate
The lending rate is still 5.875% per annum.
Soundwill pushes to revalue Causeway Bay site as demand declines
The developer also asked for a lower tender price for the site.
Gov't seeks feedback on revised Private Columbaria Ordinance
The public can send feedback until 2 June.
HKMA warns of prolonged high interbank rates
The central bank issued the warning post unchanged US fed funds rate at 5.25-5.5%.
Govt to launch eMPF platform in June
The platform will reduce admin costs.
Gov’t to cut taxes on salaries and profit for FY23-24
In FY2023-24, the government sent out 2.44 million tax returns.
Construction sector stagnates due to rising costs and competition
Private and non-private residential construction works also fell in 1Q24.
SFC probes Segantii for insider trading charges
The SFC pressed charges against the firm, its founder, and former trader.
Prudential sees 11% YoY rise in Q1'24 new business profit
APE sales increased by 7% YoY to $1.6b.
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