Economy
Hong Kong’s nominal wage up 8% in June
As 73% of companies reported increases in average wage rates in June compared with a year ago.
Hong Kong’s nominal wage up 8% in June
As 73% of companies reported increases in average wage rates in June compared with a year ago.
Korea’s export growth may have dropped to 21.4% in September
DBS blames the effects from the earlier arrival of the Chuseok holiday for the decline in exports.
Hong Kong Chief Secretary resigns: report
Henry Tang will reportedly meet with the media on 28 September 2011.
Hong Kong’s total exports and imports up
The year-on-year increases for exports and imports were 6.8% and 14.1% respectively.
Business leaders in the region meet in Hong Kong on global economic recovery
Outcomes of the discussions by CEO’s of companies in 7 countries will form a basis for business views being brought to the G20 Summit in November.
Overall consumer prices soar 5.7% in August
Inflation seen to rise further in the coming months due to surges in international food prices and private residential rents.
Second quarter Balance of Payments surplus reaches $19.6bn
Yet visible trade deficit in second quarter soared to $125.6bn.
Taiwan warned on threats of slowing exports to job market outlook
Seasonally adjusted unemployment rate may have remained unchanged at 4.37%, near a three-year-low.
China’s flash manufacturing PMI dips to 49.4 in September
HSBC says the country won’t suffer a hard landing yet as exports growth has expanded over 20% despite the weaker external demand.
Taiwan’s export order growth plummets to 5.3% in August
DBS blames weaker demand from Europe and the US, as manufacturers have cut orders amid rising concerns over the debt crisis.
Hong Kong property prices to anchor inflation expectations
Analyst says negative sentiment has clouded the property market with disappointing land auction results and major banks raising mortgage rates.
Inflation is likely to slow, expects analyst
Standard Chartered forecasts Hong Kong's CPI inflation at 5.6% in August.
Outward processing exports to Mainland up 13% to $145b
This accounts for 34% of Hong Kong’s total exports in Q2 2011.
August composite interest rate up to 0.33%
The weighted deposit rate also climbed to 0.32%.
Hong Kong’s GDP up 9.9% to $445.9b in 2Q11
While the country’s GNP increased by 11.1% to $470.2 billion.
Beware of technical recession ahead, warns analyst
Standard Chartered says a technical recession could affect some Asian economies, like Singapore and Hong Kong, by the end of 3Q 2011.
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