Hong Kong
Wing Tai braces for up to $236.7m loss in H1
Wing Tai braces for up to $236.7m loss in H1
Impairment provisions and change in property values totalled over HK$1b.
DBS HK fined US$1.28m for anti-money laundering, review lapses
The bank failed to conduct due diligence in ‘high risk situations’ from 2012 and 2019.
Valuetronics invests $7.7m in AI JV with SinnetCloud HK
Valuetronics will hold 55% interest in the JV.
HK-listed ESR Group receives privatisation proposal from investor group
The process is currently at the preliminary stage.
Centurion unit, LionRock form JV for Hong Kong student housing
The JV estimates project cost and initial working capital to be HK$11.5m (or $2m).
Keppel DC REIT tenant Neo Telemedia suspends trading pending release of 2023 earnings
The company said the auditing process was still ongoing, which caused the delay.
UOB’s Christine Ip reflects on 3-decade banking career and circling back to the arts
Ip believes that finance and creativity go hand-in-hand in building a holistic pool of talents in UOB.
Non-landed residential rents to drop 5% YoY in 2024
Savills said two factors might lead to rents failing.
SAF volunteers for senior homes cleaning exercise
The exercise seeks to uplift disadvantaged seniors’ mental and physical well-being.
HKMA surpasses Singapore on highest forex reserves, ranks 7th globally
Hong Kong Monetary Authority reported HK$3.13t forex reserves in Q2 2023.
DPM Wong to visit the US to strengthen bilateral relationships
DPM Wong will visit Arizona, New York, and Washington D.C.
Competition commission greenlights Fujifilm-CMC Materials KMG Corporation merger
The commission cited four reasons for its financial assessment.
HK mulls ban on aquatic products from Japan
Aquatic products include all live, frozen, chilled, and dried.
Centurion to withdraw listing from HKEX
The company will retain its primary listing on the SGX.
SGX-listed GAR’s net profit down 51% in Q1 due to normalised CPO prices
Despite the softened results, the firm said it stayed resilient.
5 factors pushing Singaporeans to visit Hong Kong
Singaporeans' travel consideration to HK rose between February to March.
Lentor Central site to get ‘lukewarm response’
Developers may be cautious in bidding due to pipeline supply.
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