In Focus
Overall consumer prices up 5.2% in May
And inflation is still likely to rise amid higher price pressures.
Overall consumer prices up 5.2% in May
And inflation is still likely to rise amid higher price pressures.
Hong Kong March workforce up 3%
Yet employment drops in the manufacturing and wholesale sectors by 6.1% and 0.3%, respectively.
Employers still hiring despite new minimum wage
And unemployment rate is forecast between 3 and 3.5% at the end of 2011.
Private consumption to grow 6%, says analyst
This is due to the one-off cash handouts to the consumers in this year’s revised budget.
Hong Kong first quarter GNP up 7%
Total factor income inflow was estimated at $228.4bn, equivalent to 50.6% of GDP, up 13.9% over a year earlier.
Hong Kong economy shows more signs of overheating--Hang Seng
Despite growing economic growth of 7.2% in the first quarter, business has become less willing to commit investment spending, as companies see more challenges ahead, according to a Hang Seng report.
Civil servants get pay increase
A pay increase of 6.16% to 7.24% will be back dated to April 1.
Hong Kong rate hikes may have burst housing boom
The government’s measure to cool the property market, which had surged almost 70% since the beginning of 2009 had limited impact.
Hong Kong to boost copyright protection
Copyright (Amendment) Bill 2011 aims to be more flexible in the wake of rapid advances in technology.
Labour Department launches wage check campaign
The special enforcement campaign targets 2,000 workplaces until June 15.
Government posts almost $2bln surplus in April
As at 30 April fiscal reserves stood at $597 billion.
Hong Kong dollar remains strong
Monetary Authority belies marginalisation of HK dollar amid intensified use of renminbi in Hong Kong.
China running short of finance industry talents
95% of China finance professionals surveyed report skills shortage following Mainland’s booming finance industry.
Hong Kong housing boom may bring out underlying risks
Slowdown in residential sales activity over the past quarter revealed a growing uncertainty in the market as the number of overall residential transactions dropped significantly by 42%.
We hope to become a yuan clearing bank in SG: BOC HK
This as Singapore tries to compete with Hong Kong for trade settlement in yuan.
Inflation may deteriorate corporate payment performance--Coface
Study says Hong Kong is vulnerable to a sudden rise in risk aversion that could lead to a bust of the real estate bubble.
Hong Kong’s April inflation up 4.6%
Surge in private housing rentals and food, excluding meals bought away from home caused the slight increase in overall consumer prices.
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