News
Gov’t approves 10 building plans
Gov’t approves 10 building plans
The approved plans are for residential, commercial, and industrial developments.
Lantau Island site sold for $203m
APEX King was the successful tenderer.
Gov’t heightens penalty for illegal car-hailing activities
New measures include increasing the maximum fine and term of imprisonment for violators.
Cathay Pacific revenue jumps 148.3% YoY in November 2023
Total passenger carried count over 1.6m.
HKEX CEO retires, new leadership will take over next year
CEO Alejandro Nicolas Aguzin will be replaced by Bonnie Chan Yiting beginning 24 May 2024.
Gov’t to amend land redevelopment bill
The amendment will expedite the consolidation of property interests.
HKMA reprimands TNG Asia for inadequate compliance systems
The HKMA has reprimanded and ordered TNG to pay a pecuniary penalty of HK$1.6m for contravening section 8Q of the PSSVFO.
What you need to know about the Capital Investment Entrant Scheme
Applications for the scheme will begin in mid-2024.
Unemployment rate remains at 2.9%
There were 112,400 unemployed people from September to November.
ZA Bank’s Global Transfer service helps save HK$4m in transfer fees
Over 90% of the international money transfers are completed within a day’s time.
Digital fraud trends peaked during the holiday shopping season - TransUnion
72% of Hong Kongers are concerned with being victimised by online fraud this holiday season.
Hong Kong Airlines launched seasonal flights to Yonago and Hakodate
The service will be available until February 2024.
Gov’t implements NSL amendment
The amendment seeks to avoid national security risks.
Hong Kong food delivery services thrived in 2023: Deliveroo
Those aged 46 to 55 spent the most, with 30% spending HK$2,001 upwards per month
Hong Kong virtual insurers need to be ‘extra user-friendly’ – Consumer Council
The council urged the industry to enhance website functions and improve the disclosure of privacy policies to enhance consumer confidence in virtual insurance products.
Hong Kong digital insurer secures partnership, enters UAE market
This partnership aims to bolster support for web3 entities, including banks, custodians, and asset managers across the Middle East.
Hong Kong kicks off public consultation on the 2024-25 budget
The 2024-25 budget will pursue development aimed at promoting stability.