Unless the government rolls out more supportive measures, I’m worried we will see more people going bankrupt in the coming months,’ economist says. ( read original story ...)
New president of AmCham in Hong Kong calls for city to reopen borders, restore confidence in ‘one country, two systems’
Eden Woon says Hong Kong has become enveloped by pessimism and anxiety due to coronavirus curbs, Beijing-imposed national security law. ( read original story ...)
‘Very high chance’ Hong Kong will end year in recession, finance chief warns
HONG KONG - Hong Kong is set to end the year in the midst of a full-blown recession, the city's finance chief warned on Thursday, as spiralling interest rates join strict Covid-19 controls in ... ( read original story ...)
Singapore’s rising costs of running a business outpace Hong Kong’s
Firms wanting to exit Hong Kong may find that a move to Singapore hits their bottom line more than expected. Read more at straitstimes.com. ( read original story ...)
Businesses fleeing to Singapore from Hong Kong dealing with soaring inflation costs in city state
With inflation soaring to the highest level in 14 years, expenses are rising at a faster pace in Singapore than in its financial rival, where price increases have been more modest. ( read original story ...)
‘Very high chance’ Hong Kong will end year in recession: Finance Chief
Hong Kong is set to end the year in the midst of a full-blown recession, the city's finance chief warned on Thursday (Sep 22), as COVID-19 controls and spiralling interest rates hammer the economy. ( read original story ...)
Hong Kong homes on the verge of becoming least affordable in 24 years
Hong Kong housing is at risk of becoming the least affordable in 24 years, as rate hikes by the US Federal Reserve drive up borrowing costs in the Asian financial hub ... ( read original story ...)
Cheap mealboxes a taste of Hong Kong’s economic woes
Hong Konger Kitty Chan pivoted to takeout to help her restaurant survive the pandemic, but she has since opened a second shop as demand for cheap ... ( read original story ...)
From coloured gemstones to rare diamonds: Jewellery fair to unveil latest trends and showcase 1,000 exhibitors
In celebrating 'collaboration and creativity', Jewellery & Gem World Singapore will show a range of jewellery, including unique designs, everyday essentials and rare vintage pieces, from exhibitors ... ( read original story ...)
Hong Kong Bourse Has Weak Lead For Thursday’s Trade
The Hong Kong stock market saw renewed selling pressure on Wednesday, one session after ending the two-day losing streak in which it ... ( read original story ...)
Singapore’s Rising Costs of Running a Business Outpace Hong Kong
Singapore looks like an attractive location for firms wanting to exit Hong Kong, but they may find a move to the city-state hits their bottom line more than expected. ( read original story ...)
Hong Kong lawmakers call on John Lee to provide roadmap to normalcy, address livelihood issues ahead of policy address
Hong Kong lawmakers have called on Chief Executive John Lee to outline a path to normalcy amid Covid-19, attract talent to the city and address long-standing livelihood issues in his first policy ... ( read original story ...)
Zero-COVID policy has cost Hong Kong its aviation hub status – IATA
Hong Kong has lost its position as a global aviation hub due to China's zero-COVID policy, the head of airlines group IATA said on Wednesday, warning the industry's recovery from the pandemic would be ... ( read original story ...)
Hong Kong’s John Lee vows to retain global connectivity, bank on strengths as ‘open, international city’ to drive growth in Greater Bay Area
Chief executive makes speech at forum, where former head of China's central bank also says city's status as financial hub not challenged by worsening US ties Lee also expresses gratitude to Beijing ... ( read original story ...)