Hong Kong
Restaurants receipts surged 5.8% in Q1 2011
The total value of total restaurants sector receipts was $22.1 billion, said the Census & Statistics Department.
Restaurants receipts surged 5.8% in Q1 2011
The total value of total restaurants sector receipts was $22.1 billion, said the Census & Statistics Department.
Retail sales up 26% in March 2011
Total retail sales was estimated at $31.2 billion, said the Census & Statistics Department.
Government urged public to support minimum wage
The statutory minimum wage is a significant milestone in the development of Hong Kong's labour policy, said Secretary for Labour & Welfare Matthew Cheung.
Hong Kong’s mortgage drawdowns up 67.5%
7% of the approved new mortgage loans were priced with reference to best lending rates.
Government seeks views on tourism reform
Commerce and Economic Department looks for more effective regulatory regime conducive to the tourism sector's development.
Minimum wage rate of $28 enforced
Wages should not be below $28 starting 1 May 2011 as the Minimum Wage Ordinance took effect yesterday.
Labor Department to hold job recruitment exhibitions
The department gathered 80,00 job opportunities at the end of March, said Secretary for Labour & Welfare Matthew Cheung.
MTR fare hike lowered to 2.2%
The Census & Statistics Department's report on CPI made the company lower the fare hike.
Air China first quarter profit down 23% to HK$1.99bn
The carrier implements corporate growth strategy, such as increasing synergies with Cathay Pacific and Shenzhen Airlines, to tackle market challenges.
Housing gets bigger share of Hong Kong residents’ expenditure
Spending on housing and food goes up while residents cut expenses on transport and on clothing and footwear.
Brave Sky Investments buys Hung Hom lot for $1.52bn
The lot, with 1,901.7 square metres site area is designated for private residential purposes.
Hong Kong and Mainland financial market bodies seal cooperation pact
The MOU provides a platform wherein market practitioners from the Mainland and Hong Kong can interact in a wide range of areas.
Hong Kong IPO market seen to pick up in second quarter
25 companies expected to be listed in the second quarter with JGAAP recognition as a key highlight.
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.
66 building plans approved in March
The Buildings Department approved 66 building plans in March - 15 on Hong Kong Island, 28 in Kowloon and 23 in the New Territories.
MTR fare hike lowered
The MTR Corporation has lowered its fare rise proposal announced last month, from 2.3% to 2.2%.
Hong Kong signs financial market pact with mainland
The National Association of Financial Market Institutional Investors and the Treasury Markets Association signed an MoU on Co-operation in Beijing.
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