Hong Kong

Hong Kong central bank cuts interest rate, tracking Fed move

[HONG KONG] The Hong Kong Monetary Authority (HKMA) lowered on Thursday (Dec 11) its base interest rate charged via the overnight discount window by 25 basis points to 4.0 per cent, tracking a cut by ...

Lai Sun Development entered into an agreement to sell a 50% stake in the 27-storey office tower to Jasmine Investment Development IV.

Property

JD.com to buy stake in Hong Kong’s CCB Tower for HK$3.5 billion

Lai Sun Development has been seeking to offload assets to improve liquidity

Chief Executive John Lee has pledged to launch an independent committee over the fire that tore through a high-rise estate and killed at least 159 people.

International

Hong Kong posts second-lowest election turnout on record as city mourns

Major corporations have pledged days off for staff who provide proof of voting

Kiong, who has held senior roles in luxury hotels, will step down as managing director of Far East Hospitality on Dec 31.

Property

Far East Hospitality’s Arthur Kiong looks back on 4 decades in the hotel industry

He says the sector has provided him with more opportunities than he dared to dream of

The government says Legislative Council election will still be held on Sunday (Dec 7) despite the deadly fire that killed 159 people.

International

Hong Kong faces low election turnout as residents mourn deadly fire

[HONG KONG] Turnout is expected to be low for Hong Kong’s “patriots only” legislative election on Sunday (Dec 7), with subdued political campaigning as the population reels from the city’s deadliest b...