Hong Kong’s labour shortage is expected to worsen and reach 180,000 workers by 2028, driven by a rapidly ageing elderly population projected to account for almost a third of the city’s residents. The Labour and Welfare Bureau on Thursday also predicted skilled technical staff, such as escalator mechanics and construction workers, would make up more…
Lower mortgage rates lifted home sales in Hong Kong to their highest point in five months in October, reversing a two-month decline, according to Land Registry data. A total of 4,697 new and lived-in homes with a cumulative sales value of about HK$37.3 billion (US$4.8 billion) changed hands in October, rising 65 per cent from…
Lower mortgage rates lifted home sales in Hong Kong to their highest point in five months in October, reversing a two-month decline, according to Land Registry data. A total of 4,697 new and lived-in homes with a cumulative sales value of about HK$37.3 billion (US$4.8 billion) changed hands in October, rising 65 per cent from…
An Israeli court on Sunday loosened a gag order on a case investigating leaks of classified information suspected to involve one of Prime Minister Benjamin Netanyahu’s media advisers. Critics say the leaks were aimed at giving Netanyahu political cover as Gaza ceasefire talks ground to a halt. Netanyahu has denied any wrongdoing, downplaying the affair…
With just a year to go until Beijing’s self-imposed deadline to become an international hub of innovation, just 22,000 foreigners are living and working long term in the Chinese capital. The estimate, from a report compiled by the Beijing International Talent Exchange Association and released at a forum late last month, is well down on…
Hong Kong’s leader has taken the rare step of singling out the culture bureau for failing to meet goals in his latest policy address, calling on the minister to complete a development blueprint “as early as possible” and saying he would step in to monitor the progress. Wednesday’s policy address highlighted six key performance indicators,…
Hong Kong employees this year received the smallest pay rise since the latter stages of the pandemic at 3.2 per cent, but they could expect better packages and employment opportunities next year, a human resources professionals representative said on Thursday. The Hong Kong Institute of Human Resource Management revealed that employees in the city enjoyed…