In Focus
Hong Kong unemployment rate up to 3.5%
Total employment rose notably in February-April, by 8,200 to 3,585,500 but outpaced by an even bigger increase in the labour force.
Hong Kong unemployment rate up to 3.5%
Total employment rose notably in February-April, by 8,200 to 3,585,500 but outpaced by an even bigger increase in the labour force.
Asia’s first quarter office rental growth up 1.7%
Apart from the existing upsides, the Colliers International report shows growing inflation pressure is the market’s major uncertainty.
Hong Kong first quarter real GDP up 7.2%
The economy is poised for a real growth of 5%-6% for this year, up one percentage point from February forecast announced in February..
Hang Seng forecasts 6% first quarter GDP growth
Despite reaching above-trend growth, business has turned more cautious and the export outlook is more uncertain, considering adverse impacts of Japan’s earthquake disaster on global supply chains.
Hong Kong employees least happy with their work
Compared with the over 80% of employees in the Nordic countries who are enjoying their work, only half of employees in Hong Kong claim to be happy.
In Hong Kong, telco services do come cheap
Residential and business users in Hong Kong pay as low as one-tenth of the telecom charges as their counterparts in six other cities.
39% of employers say staff turnover will increase in 2Q 2011
Employers in Hong Kong are finding it more difficult to attract and retain high performers in the face of an intensifying skills shortage.
Property sales down 27.4% in April 2011
The Land Registry received 10,386 sale and purchase agreements for all building units.
Retail sales up 26% in March 2011
Total retail sales was estimated at $31.2 billion, said the Census & Statistics Department.
Hong Kong’s mortgage drawdowns up 67.5%
7% of the approved new mortgage loans were priced with reference to best lending rates.
Minimum wage rate of $28 enforced
Wages should not be below $28 starting 1 May 2011 as the Minimum Wage Ordinance took effect yesterday.
Value of Hong Kong total exports up 21.5% in March
Re-exports value grew 21.7% to $275.1bn while the value of domestic exports up 11.6% to $6.4bn.
Office and retail sectors remain highlighted in Hong Kong’s property market
The two sectors are eyed as market focus, with prospective rental growth of 25% in 2011 for the Office Sector and 20% for Retail Sector.
Hong Kong businessmen optimistic on second quarter
Yet the prevalence of optimistic business expectations among respondents remained unchanged as the proportion of respondents with a favourable business outlook rose up 26%.
Inflation rose to 4.6% in March 2011
The year-on-year rate of increase in the underlying inflation rate in March was 4.4 per cent.
Unemployment rate fell to 3.4% in 1Q 2011
The labour force expanded by 3,100 from Dec-Feb period to the Jan-Mar period, and the job market absorbed more than half of the increase, with total employment up 1,800.
MPF recorded 5.5% return
The annualised rate of return recorded by the MPF system outperformed the 0.7% average annual inflation rate and the 1% one-month Hong Kong dollar deposit rate over the same period.
Read Here
Advertise
Sign Up
