Hong Kong developer Sino Land on Wednesday said its net profit for the financial year that ended on June 30 fell from a year earlier as strong residential sales were offset by lower rental income and falling occupancies. After taking into account a one-time loss of HK$1.08 billion (US$138.7 million) from the revaluation of its…
A senior Hong Kong official and a lawmaker have withdrawn from a Bitcoin Asia 2025 conference where Eric Trump, son of United States President Donald Trump, will also attend, with sources confirming an instruction was issued that they were not to interact with the American businessman. A check by the Post on the conference’s website…
Liquidity conditions in Hong Kong resumed tightening this week with a key money-market rate climbing above a level that some analysts say may stifle a nascent economic recovery. The benchmark one-month Hong Kong Interbank Offered Rate — or Hibor — jumped above the closely watched threshold of 3% Wednesday, reaching the highest since May. If…
Dervla Louli Musgrave is the founder of Compare Retreats, a travel portal and magazine. She spoke to Andrew Sun. I am Egyptian and Irish. I also grew up in Saudi Arabia, which shaped my love of quality produce prepared with lots of flavour. Dairy and animal products are incredible in Ireland – I am obsessed…
FWD Hong Kong has signed a decade-long lease for 330,000 sq ft of office space in Taikoo Place, marking the largest office rental deal in the city this year, according to a joint statement from landlord Swire Properties and the insurer on Wednesday. The company would consolidate and expand its presence in the Devon House…
Hong Kong stocks rose on Wednesday on renewed optimism about China’s tech industry prospects, while investors awaited global AI chip leader Nvidia’s earnings. The Hang Seng Index gained about 0.1 per cent to 25,541.43 at noon, rebounding from a 1.2 per cent loss in the previous session. The Hang Seng Tech Index climbed 0.6 per…
Hong Kong recorded a billion-dollar home sale this week, another sign that ultra-wealthy customers are continuing to find choice assets even amid the city’s property slump. A mansion at 1 Gough Hill Road on The Peak on Hong Kong Island, refurbished from an old guest house used in the 1990s by the Bank of China,…
Hong Kong’s lived-in home prices rose for a fourth consecutive month to a seven-month high in July, indicating the city’s residential property market may have turned a corner. A widely watched official index of secondary home prices gained 0.42 per cent month on month to 387.9 in July, according to data from the Rating and…
Julie Eadeh, the new US consul general for Hong Kong and Macau, is set to arrive in the city at the end of this month, having received Beijing’s approval for the much-watched appointment, according to sources. The Post reported in July that Eadeh, a career diplomat who served as the political section chief at the…
“We have already set a footprint in Guangzhou and we are eyeing Hong Kong,” chief financial officer Leo Wang said at a media event in the city on Tuesday. He said Pony.ai needed to work with local authorities and partners to explore the best way forward. On working with the city’s Transport Department, Wang said…