Hong Kong
HK foreign currency reserves in May down by US$1bn
Hong Kong incurred no unsettled forward contracts at the end of April and May.
HK foreign currency reserves in May down by US$1bn
Hong Kong incurred no unsettled forward contracts at the end of April and May.
Cathay Pacific extends code-share arrangement with Alaska Airlines
The deal aims to cover 2 destinations in Mexico as it further expand reach to Latin America market.
Hard Rock Cafe opens in Hong Kong
Hard Rock International opened a Hard Rock Cafe in Hong Kong on June 7 as part of the expansion of its Asian portfolio. The restaurant is located at the Hotel LKF in Central and is set to be a must-see entertainment and dining venue for visitors and locals alike.
Daya Bay nuclear plan to be reviewed
The Security Bureau has formed a task force to conduct a comprehensive review of the Daya Bay Contingency Plan and to formulate a large-scale exercise for early next year.
Luxury residential prices up 14%
The impact of the Special Stamp Duty introduced in November on all sales with a holding period of less than 24 months is said to have faded.
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.
Prada aims to raise HK$20.22bn in Hong Kong IPO
The luxury goods company taps China market, which is seen to be the world’s third-biggest market for luxury goods in 5 years.
Hong Kong and Czech Republic ink tax agreement
Hong Kong is still seeking to widen its network of tax agreements with major trading and investment partners.
Cyberport Management appoints new directors
Cyberpoint now has 9 non-government directors and 2 government directors on its board.
KC Chan visits Europe
The Secretary for Financial Services & the Treasury has begun a week-long visit to promote Hong Kong as China's global financial centre.
DH recalls Potassium Chloride Injection
The Department of Health instructed the Baxter Healthcare Ltd., a licensed drug wholesaler, to recall three batches of Potassium Chloride Injection 20mEq/100ml.
Fruit juice syrups, powders from Taiwan recalled
The Centre for Food Safety called a stop on the use and sale of seven kinds of fruit juice/syrup and powder produced in Taiwan. These may have been contaminated with the plasticiser DEHP, or di(2-ethylhexyl)phthalate.
Yahoo! enters Hong Kong’s online group discount sector
Yahoo! Deals Service is Hong Kong’s first aggregated group buy service offering a single point of access for local bargain-hunters.
HKMEx to offer automated trading services through Equinix
The first contract will be a 1 kilo gold futures contract providing physical delivery in Hong Kong.
Number of sale-purchase agreements in May up 20.7%
The number of searches of land registers made by the public in May was 498,692, up 0.7% on same time last year.
Hong Kong Resources Holdings 2010 profit up to HK$30mn
3D-GOLD business boosts turnover by 90% to HK$2.45bn and by the satisfactory performance of retailing and franchising operations for selling gold and jewellery products.
Lenders to incorporate chip-based technology in their ATMs
The technology enhances security of ATM transactions as fraudsters would have difficulty in card replication.
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