Hong Kong secret weapon to compete with Singapore: Malaysian workers who are multilingual and who know Cantonese. Move aside Singapore

[NanoSpeed]

Ish it like following wonderful idea?

Example:
u eat halal, u are muslim?
Cannot find hole = veergin?

Cannot find the hole = ladyboy

 

[k1976]

The Fed Is Making Hong Kong’s Billionaire Landlords Anxious​

Property tycoons are eager for bigger and faster US rate cuts to facilitate refinancing and avoid fire sales.
September 12, 2024 at 5:00 AM GMT+8
By Shuli Ren
Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

Commercial owners need to refinance.
Photographer: Lam Yik/Bloomberg
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Among those looking forward to the Federal Reserve’s interest rate cuts, few are as anxious as Hong Kong’s property tycoons who are now dealing with sluggish home sales, empty office buildings, and mutinous tenants demanding lease renegotiations.


About 60% of listed property companies’ debt is borrowed at floating rates. Banks charge New World Development Co. an average 1.1% to 1.2% over Hibor, whose movements track the fed fund rate because of the Hong Kong dollar peg.

A 1 percentage-point rate cut can save Chief Executive Officer Adrian Cheng, a third-generation heir from a tycoon family, HK$1.1 billion ($141 million) and improve earnings by a third, according to Morgan Stanley estimates.

New World, one of Hong Kong’s most indebted developers, paid HK$2.5 billion in financing costs in the second-half of 2023, eroding 44% of the firm’s operating profit.

 

[k1976]

SINGAPORE (Reuters) -Pope Francis on Thursday urged political leaders in Singapore, a leading global financial hub, to seek fair wages for the country's million-plus lower-paid foreign workers.

In likely the last major speech of an ambitious 12-day tour across Southeast Asia and Oceania, the 87-year-old pontiff expressed concern for Singapore's rapidly ageing population and its migrant workforce, centred in the construction and domestic services industries.

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"I hope that special attention will be paid to the poor and the elderly ... as well as to protecting the dignity of migrant workers," the pope said in an address to about 1,000 politicians and civil and religious leaders.

"These workers contribute a great deal to society and should be guaranteed a fair wage," he said.

There were 1.1 million foreigners on work permits in Singapore who earned less than S$3,000 ($2,300) per month as of December 2023, including 286,300 domestic workers and 441,100 workers in the construction, shipyard and process sectors, government data shows.

Many of the migrant workers come from nearby countries such as Malaysia, China, Bangladesh and India. Many also come from the Philippines, a majority Catholic country.

 

[syed putra]

Already a large Jiuhu Talent pool over there liao

At one time, they even own a bank there. And umno even syphon tons of money to Hong Kong way back in the 1980 even if they cannot speak Cantonese. Carrian scandal

 

[mojito]

Don't listen to those hongkies. Hindi is the future. If u can head bob while speaking even better.

 

[syed putra]

Don't listen to those hongkies. Hindi is the future. If u can head bob while speaking even better.

Nonsense
Hindi cannot do this

 

[syed putra]

Hongkies pulling all the stops to attract Malaysian communist sympathisers

 

[Scrooball (clone)]

If you need to learn Cantonese to get a job, you need to rexamine your career

 

[birdie69]

Don't listen to those hongkies. Hindi is the future. If u can head bob while speaking even better.

As long as no CECA Indians are involved in your business, you would definitely prosper

 

[k1976]

At one time, they even own a bank there. And umno even syphon tons of money to Hong Kong way back in the 1980 even if they cannot speak Cantonese. Carrian scandal

U are right, jiuhu ans HK and TW has alot link.

Sinki cannot speak dialect , so is naturally out of tge game...it is design in this way here since Day1

 

[k1976]

If you need to learn Cantonese to get a job, you need to rexamine your career

Even Bayi bankers can speak perfeçt Cantonese

 

[k1976]

U look at Hong Leong Kwek Family, u know liao

 

[A Singaporean]

And cheaper too and not arrogant.

 

[Hypocrite-The]

N mudlanders are pro chicons...so bestest for them to go chicons lands