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Month: March 2023

Posted on 25/03/2023

Singapore closes gap with Hong Kong on pricey business trips

TOKYO -- Asian cities that fully reopened earlier than others after the COVID-19 pandemic saw a rise in business travel expenses, according to a study recently released by British human resources ...

Posted on 25/03/2023

MSR Financing, Marketing, Appraisal, DPA Products; Fannie, Freddie Changes; EU Central Bank News

I got stuck in a conversation with some wealthy people and one woman asked me how my investments were doing. I replied that both avocadoes should be ripe by tomorrow.” Food prices are an everyday ...

Posted on 25/03/2023

Bank collapses are just the start of the world’s financial woes – indebted businesses will be next

These bank runs will be followed by an epidemic of corporate bankruptcies ... in the Association of Southeast Asian Nation members as well as China (including Hong Kong), Japan and South Korea since ...

Posted on 25/03/2023

A Mansion in Hong Kong’s Exclusive Peak Neighborhood Poised to Set a Price Record

The current unit price record for a residential property in Asia was set in 2021, when an apartment at a development called Mount Nicholson sold for HK$140,800 per square foot, or a total of HK$639.8 ...

Posted on 25/03/2023

American’s artwork paying secret tribute to protesters is removed in Hong Kong

Patrick Amadon, the Los Angeles-based artist behind the work, said its removal illustrates the shrinking space for free expression in the Chinese territory.

Posted on 25/03/2023

HSBC tells investors to reject proposals by unhappy minority shareholders on dividends, restructuring

"A meaningful restructuring or spin-o­ff of our Asia businesses would present material complexity, have high execution risks, take many years, and be very costly," HSBC said in a Hong Kong stock ...

Posted on 25/03/2023

HK’s status as global financial hub enhanced amid Western banking woes, ‘reaffirming confidence in city under One Country, Two Systems’

Facing the current turbulence of the external market environment, from the collapse of Silicon Valley Bank to the crisis at Credit Suisse, Hong Kong's financial industry has shown its unique ...

Posted on 25/03/2023

Dow is flat Friday as investors try to shake off latest bank sector concern: Live updates

Hong Kong Monetary Authority Chief Executive Eddie Yue said Hong Kong sees "little impact" from the fallout of the global banking sector turmoil. "I would say that the recent events in the U.S. and ...

Posted on 25/03/2023

Hong Kong fire forces 3,400 people to evacuate

Hong Kong firefighters were battling a blaze Friday at a warehouse that forced 3,400 people to evacuate, including students, police said. Thick smoke was seen pouring out from the building where the ...

Posted on 25/03/2023

Thousands evacuated as fire hits warehouse in crowded Hong Kong district

Hong Kong firefighters battled to control a blaze at a warehouse in the city's bustling Kowloon district on Friday, with smoke billowing out from windows and engulfing the white square building.

Posted on 24/03/2023

HSBC moves China markets head to become adviser to Asia Pacific co-CEOs

FILE PHOTO: A pedestrian wearing a face mask following the coronavirus disease (COVID-19) outbreak, walks past a HSBC bank branch in Hong Kong, China February 22, 2022. REUTERS/Lam Yik BENGALURU ...

Posted on 24/03/2023

Hang Seng Bank prime lending rate unchanged at 5.625%

The HKD bonus interest rate was also unchanged. Hang Seng Bank has announced that its Hong Kong dollar prime lending rate remains unchanged at 5.625% per annum (pa). According to Hang Seng bank, Hong ...

Posted on 24/03/2023

Hong Kong traffic accident leaves some 70 people injured

Four passenger buses and a truck collided near a Hong Kong road tunnel Friday and about 70 people were injured, including children. The accident occurred after midday near a tunnel entrance on Tseung ...

Posted on 24/03/2023

Hong Kong hidden protesters billboard artwork taken down

A digital billboard artwork in Hong Kong which included secret references to local dissidents has been removed. The No Rioters piece by US artist Patrick Amadon had been displayed the past week on the ...

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