Hong Kong
Daily Markets Briefing: STI down 0.47%
Medtecs Intl saw the sharpest decline amongst top active stocks with a 8.11% contraction.
MAS, ABS, FHAS extend loan support measures to 2021
Clients who cannot make full repayments can apply for lowered installments.
EY Foundry start-up incubator programme to expand in Singapore
The programme will provide better collaboration opportunities between EY and start-ups.
MNACT claims $8m for damages in Festival Walk
The Hong Kong-based mall was damaged in light of the protests.
Hong Kong's Possible Loss of Special Status Reiterates Singapore's Stability
Hong Kong has taken a series of unfavourable hits in the last year, their unfortunate magnitude clear to see for the watching eyes of the world. The latest of which is United States Secretary of State Mike Pompeo publicly stating that the country no longer considers Hong Kong to be adequately independent from China.
Hong Kong's co-working scene thrives as Singapore struggles
Co-working spaces provider TheDesk gained 25% more new members YoY in Q1.
Approved mortgage loans dipped 2.8% to $45.3b in Augus
The number of mortgage applications also decreased by 26.5% MoM.
APAC high net-worth wealth down 5% in 2018
China accounted for 53% of the region’s decline.
Hong Kong and Singapore strengthen ties in personal data protection
The two nations will do joint research projects and cross-share experiences and best practices.
3 in 5 Singaporeans willing to share data for cheaper banking products
Users are willing to share data on their income, location and lifestyle habits.
Evolving customer lifestyles to shape Singapore hotel business in 2019
Through 2021, Singapore is expected to experience a 3.4% growth in annual visitors as it extends a positive streak from 2014 and 2017 where the tourism industry saw an overall 15.4% increase in international visitor numbers. To handle the sustained growth in tourism levels, Changi Airport opened its new-look Terminal 4, helping it to accommodate more flights, and when Terminal 5 opens in 2030, the airport will be equipped to handle 150 million passengers annually, almost doubling its current capacity.
APAC salaries to increase 2.6% in 2019
It is expected to see the highest real-wage growth globally.
Healthcare boosted Singapore's capital markets in 2018
This includes pharmaceutical firm Takeda’s $58b acquisition of Ireland’s drug company Shire.
Asian banks rev up fintech partnerships to keep China's tech titans at bay
Incumbents are launching VC arms and innovation labs to avoid being outpaced.
DBS downplays trade jitters as Q3 results shine
Its chief executive stressed that supply chains are hard to move.
International Chamber of Commerce of Hong Kong is The Asian Export Awards 2018's new partner
ICC-HK joins the top award for Asia's exporters as supporting partner.
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