Minister Chris Sun says mechanism will not affect city’s competitiveness because composition of formula both protects vulnerable and ensures affordability.
After four-hour Finance Committee meeting, 61 lawmakers endorse project linking Ma On Shan with Tsing Sha Highway and Shing Mun Tunnel Road.
The HKMA has issued a ‘green taxonomy’ framework to help banks and investors determine the sustainability of economic activities, the latest effort to boost the city’s standing as a green finance centre.
Hong Kong’s property transactions came close to a three-year high in April, with 9,880 units changing hands according to official data, as the removal of cooling measures continued to boost demand.
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.
Financial 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.
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.
Hong Kong will implement sound cybersecurity measures reinforced by strong backup systems to ensure a smooth launch of the MPF electronic platform next month, according to the MPFA’s Ayesha Lau.
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.
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.”
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.
Visitors head to Victoria Harbour to see pyrotechnics, but some say ‘budget-style’ display not as impressive as past shows.
‘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