Economy
Credit card use spikes during the holidays
The total value of credit-card transactions in the fourth quarter of 2011 hit $117.2 billion.
Credit card use spikes during the holidays
The total value of credit-card transactions in the fourth quarter of 2011 hit $117.2 billion.
GNP, GDP improve in 4Q 2011
Hong Kong's gross national product rose 7% to $511.3 billion in the fourth quarter last year over the same period in 2010.
The personal touch remains the best way to grow a business
Social networking may be fine but good old person-to-person contacts are even better.
Hong Kong employees work too hard
70% of Hong Kong's employees don't stop working--even at home.
Retail has a good fourth quarter
Tourism helped drive-up Hong Kong’s retail earnings during the fourth quarter of 2011.
Foreign currency reserves rise
Hong Kong's official foreign currency reserves amounted to US$294.7 billion at the end of February, up US$1.9 billion on January, the Monetary...
Li leads list of Asian billionaires
After a lapse of seven years, Hong Kong billionaire Li Ka-shing is again Asia’s richest person.
Hong Kong to soon allow some Japanese food imports from Fukushima
Hong Kong will soon remove some restrictions on food imports from Japan imposed because of the nuclear crisis caused by the nuclear accident at...
Gender equality not yet the norm among top Hong Kong firms
The glass ceiling’s still too low for Hong Kong’s women executives.
Why holding HKD is the same as holding USD
I have far fewer concerns about a bank going under in Hong Kong than I do in the US. And in Hong Kong I can move money into gold or any number of...
Retail sales up slightly but disappoint heavily
The Lunar New Year did spike retail sales but not enough, according to some analysts.
Somewhat fewer millionaires in Hong Kong last year
The number of millionaires in the city seems to have dwindled somewhat due to the tough times.
Bank capital adequacy ratio on the rise
The consolidated capital adequacy ratio of Hong Kong banks was 15.8% at the end-December, against 15.7% at the end-September.
Hong Kong’s retail rental market sees 12% growth
Yet downside risks are expected due to global economic slowdown and the potential changes on the taxation and policy front by the mainland authority...
Jersey and Hong Kong to do more business
The Bailiwick of Jersey in the English Channel and Hong Kong have signed a Double Taxation Agreement to avoid double taxation and prevent fiscal...
Trade falters yet again
As expected, the balance of trade in January fell— but much sharper than expected.
Despite out-of-this-world rents, Hong Kong is businesses’ capital city
We talk of Hong Kong’s sky high rents and property prices as if they were investment killers. Surprisingly, a recent global survey shows that’s...
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