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Breaking news and analysis on Hong Kong's economy and the companies that operate in the city, including its GDP, economic outlook, impact of the coronavirus outbreak, macroeconomic indicators, the local government finance and budget, retail sales, consumption, employment and monetary policy.
Stronger safety net on wages for city’s worst paid and most vulnerable is to be welcomed despite inflation and cost fears.
As many as 19 Hong Kong education institutions are interested in joining an ambitious mega development, the Northern Metropolis, on land close to the border with mainland China.
Holders of documents in mainland China will be able to enjoy 14 days from next week, and talent scheme will be expanded to Beijing and Shanghai.
Mainland Chinese regulator has announced a strong package of measures to support city’s status as Asia’s – and indeed the world’s – premier financial hub.
Hong Kong authorities must offer sufficient protection to the environment and wildlife from risks posed by the giant technopole project.
- Sales of new and second-hand homes shot up by 115 per cent to 8,551 units from March, Land Registry data released on Friday showed
- However, property sales this month are likely to moderate as fading hopes of a cut in interest rates dampen sentiment, analysts said
Association for the Rights of Industrial Accident Victims says only a work suspension can safeguard the safety of workers effectively.
Provisional figures released by the Census and Statistics Department show sales in March at HK$31.2 billion.
Less than 30 per cent of Hong Kong businesses plan to use senior job titles to attract or retain talent, though the practice is more common in certain sectors, and could be at odds with younger workers’ expectations.
Readers discuss the government’s efforts to attract family offices, and a new service for passengers transferring between commercial flights and private jets.
Finance Secretary Paul Chan on four-day trip to Georgia to attend Asian Development Bank’s 57th annual meeting.
New public holiday schedule for 2025 offers chance for residents working Monday to Friday to enjoy 11 or 10-day holiday with smart use of annual leave.
With realistic virtual locations, there’s no need to fly actors, crew to different places for film shoots.
Third Side vice-chairman Casper Wong reveals plan after the group’s leaders meet US consul general in Hong Kong and Macau Gregory May.
Sustainable packaging firms have seen an increase in business as the recent ban on disposable plastic takeaway containers pushes the city’s food and drink companies to opt for environmentally-friendly alternatives.
Authorities have not disclosed names of highest earners, but Post check finds heavy hitters from major conglomerates earn anywhere from HK$9 million to HK$130 million.
Tax commissioner says revenue is likely to rise by 12 per cent in 2024-25, after city scrapped property market curbs this year.
About 800,000 trips made on Wednesday, below 1 million estimate, official data shows.
Spokesman says service exports will be supported by further revival of inbound tourism and government efforts to promote mega-event economy.
Privacy commissioner Ada Chung says leak of 477 people’s personal information mainly due to Consumer Council’s failure to set up multi-step authentication for remote work.
Hong Kong Tourism Association’s Timothy Chui says some mainland Chinese visitors felt let down by event marking Labour Day ‘golden week’ break.
HKMA reiterated its warning for Hong Kong’s borrowers to “carefully assess” their financial power in considering buying property or taking on mortgages, as high interest rates “may last some time.”
The bank has ‘quite an active pipeline’ of loans based on such collateral owned by ultra-high-net-worth individuals, who are often asset-rich but liquidity-constrained, private banker says.
Hong Kong kept its key interest rate unchanged for a sixth consecutive time in lockstep with the Federal Reserve’s overnight decision, with sticky US inflation forcing investors to delay rate cut bets.
Industry figure Simon Wong says restaurants can expect a 10 per cent drop in business against last year’s figures.
Deputy Chief Secretary Warner Cheuk hints full roll-out of pay-as-you-throw scheme will not go ahead in August without public consensus.
Visitors head to Victoria Harbour to see pyrotechnics, but some say ‘budget-style’ display not as impressive as past shows.
At least five tourist groups, each with 30 to 40 people, take photos in front of popular red brick wall displaying name and crest of HKU between 11am and 12pm.
Scammers have published a fictitious article with the appearance of a South China Morning Post story and a reporter’s byline to promote two online financial trading apps.
‘There were two failed landing attempts … All the passengers on board the flight started to scream, while children were crying wildly,’ passenger recounts on social media.
Data from the Immigration Department shows about 295,800 people, including roughly 184,440 residents, had also left the city as of 9pm
Thirteen years after statutory minimum wage introduced, a new formula that bars any rate cuts in future has been approved.
The appetite of mainland Chinese firms for premium space was not enough to stem a steady increase in the vacancy rate as more office premises came online and overall demand shrank.
The number of Hongkongers with negative-equity loans stood at 32,073 in the first quarter of the year, tripling from the previous quarter and the most since some 40,000 cases were recorded in the first quarter of 2004.
