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Category: FINANCE

Posted on 25/07/2023

Deal Watch: Will IPOs Strike Back This Year?

Through the first half of 2023, traditional IPOs raised $9.1 billion. According to Dealogic, the 10-year average for the first six months of the year is about three times that, or $27 billion. But ...

Posted on 25/07/2023

BoC nets P23.8B in anti-smuggling ops

THE Bureau of Customs' (BoC) anti-smuggling operations resulted in the seizure of P23.851 billion worth of goods for the first half of the year.

Posted on 24/07/2023

Hang Seng Dips On Economic Survey Release

Hang Seng Dips on Economic Survey Release Advertisment Asia-Pacific markets were mixed ...

Posted on 24/07/2023

Hong Kong court to decide on China Evergrande restructuring in Sept

A Hong Kong court on Monday said it will decide in September on an offshore debt restructuring for embattled property developer China Evergrande Group that could allow creditors to recoup up to about ...

Posted on 24/07/2023

Storm Doksuri to intensify into super typhoon on Tuesday, impact on Hong Kong still unclear

Doksuri, named after the Korean word for “eagle”, strengthened from a tropical storm into a typhoon on Sunday night and is expected to develop into a super typhoon on Wednesday, as it enters the Luzon ...

Posted on 24/07/2023

Hong Kong leader makes first visit to Singapore, discusses ways to deepen bilateral relations with PM Lee

Prime Minister Lee Hsien Loong and Hong Kong leader John Lee on Monday reaffirmed the close and longstanding relations between Singapore and Hong Kong, as the chief executive makes his first visit to ...

Posted on 24/07/2023

Hong Kong pro-Beijing lawmaker says nat. security police questioned her for nearly 3 hours over wanted relative in US

Pro-Beijing lawmaker Eunice Yung, the daughter-in-law of the wanted overseas activist Elmer Yuen, has said she had her home searched and was later questioned by national security police for nearly ...

Posted on 24/07/2023

Hang Seng index retreats as Hong Kong real estate stocks sink

The Hang Seng index slipped by more than 1.50% on Monday morning as concerns about China’s housing market continued. It dropped to H$18,838, making it the worst-performing Asian index. Housing stocks ...

Posted on 24/07/2023

Six bubble tea chains plan IPOs in bet on China consumer revival

They include Mixue Bingcheng, China’s biggest bubble tea chain, and Sichuan Chagee, whcih has stores in Singapore. Read more at straitstimes.com.

Posted on 24/07/2023

HSBC banks top spot in Top 30 Strongest Brands in Hong Kong list

HSBC takes the top spot in the inaugural Kantar BrandZ Hong Kong Top 30 Brands Ranking. The report was produced in partnership between Kantar and Design Bridge and Partners ...

Posted on 24/07/2023

Higher interest rates to drive profits as HSBC, Standard Chartered prepare to report second-quarter results

Higher interest rates are expected to help drive profit gains at big Hong Kong lenders, including HSBC and Standard Chartered, in second quarter as US Federal Reserve prepares to hikes rates further.

Posted on 24/07/2023

Hong Kong, Singapore should ‘step up’ post-pandemic ties, leader of city state tells John Lee on first stop of chief executive’s Asean trip

Singapore Prime Minister Lee Hsien Loong says both governments have always had good relationship, while city's top official hails hospitality of hosts John Lee says purpose for trip to Southeast Asia ...

Posted on 24/07/2023

HSBC Buys Back Almost 3.99M Shrs for About $257M Last Fri

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 3.9899 million shares in the UK and Hong Kong markets last Friday (21st), involving a total of about HK$257 million. Of these, 1.8195 ...

Posted on 23/07/2023

Hong Kong’s John Lee brushes off legal action by golf club over plan to build public housing on oldest course

Chief Executive John Lee stands firm on government plan to take back part of golf course, after club applies for judicial review to overturn environmental report.

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