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News
Kowloon City elderly care site launched for tender
2+ day, 2+ hour ago (168+ words) The approved redevelopment scheme could provide 141 beds across an 11-storey care home. A cleared redevelopment site at 349 Prince Edward Road West in Kowloon City has been offered for sale through a public tender, according to its sole agent CBRE. The…...
China's hotpot chain Banu takes first international step in Hong Kong
2+ day, 1+ hour ago (209+ words) Mainland Chinese hotpot chain Banu is preparing to open its first Hong Kong outlet, marking the brand’s first expansion beyond the Mainland. The restaurant is scheduled to open in mid-November at Hysan Place in Causeway Bay. The opening will serve…...
HK workers least optimistic in Asia about AI career benefits
2+ day, 1+ hour ago (330+ words) This comes despite 91% of the city’s professionals using the tech at work. Hong Kong professionals are heavy users of artificial intelligence (AI), yet the least optimistic in Asia about its career benefits. A majority (91%) use AI at work, slightly lower…...
Hong Kong bucks APAC trend as targeted cyberattacks outpace ransomware
3+ day, 1+ hour ago (165+ words) APT activity made up 37.6% of cyber incidents in the city. APT activity, or prolonged and targeted attacks, accounted for 37.6% of cybersecurity incidents recorded in the city, compared with 16.2% for ransomware. Such incidents focused on long-term espionage and intellectual property theft,…...
Northern Metropolis strains Hong Kong’s funding model
2+ day, 23+ hour ago (324+ words) Broader cost estimates and heavier government-linked borrowing sharpen pressure to bring private capital into the HK$360b project. Hong Kong’s Northern Metropolis is testing the city’s financing capacity as broader cost estimates and heavier borrowing by government-related entities expose a widening…...
Inflation holds at 2% in June
3+ day, 2+ hour ago (240+ words) Higher utility and transport costs were partly offset by declines in basic food and durable goods prices. Overall consumer prices rose 2% YoY in June, unchanged from May, according to the Census and Statistics Department. Underlying inflation, which excludes the effects…...
Cathay forecasts up to $6.5b profit for H1 2026
3+ day, 2+ hour ago (312+ words) Passenger and cargo volumes increased in June, although elevated fuel prices continued to weigh on operations. Cathay Group expects to record an attributable profit of between $6b and $6.5b for the first half of 2026, up from $3.7b in the same period last year....
Hong Kong hiring shifts to judgement as AI levels applications
3+ day, 19+ hour ago (298+ words) Employers are putting greater weight on communication and practical skills as AI makes applications harder to distinguish. Hong Kong employers are relying more heavily on interviews and professional judgement as artificial intelligence makes graduate applications increasingly polished and closely matched…...
Huanggang Port bill cleared, takes effect 31 July
4+ day, 22+ hour ago (270+ words) The legal framework enables joint testing and drills ahead of the facility's launch. Hong Kong’s Legislative Council has passed a bill providing the legal basis for the co-location arrangement between Hong Kong and Shenzhen at the redeveloped Huanggang Port, allowing…...
More firms expect business conditions to worsen in Q3
4+ day, 4+ hour ago (193+ words) 'Financing and insurance' was the only sector that expected improvement. About 14% of surveyed businesses in Hong Kong expect their situation to worsen in the third quarter of the year, compared with 10% anticipating an improvement. The share expecting weaker conditions fell…...