News
Hong Kong government pushes for Mandatory Provident Fund hike
The government proposes increase the monthly minimum income level to $6,500 from November and the maximum level to $25,000 from June next year.
Hong Kong government pushes for Mandatory Provident Fund hike
The government proposes increase the monthly minimum income level to $6,500 from November and the maximum level to $25,000 from June next year.
HK stocks close flat due to China's increased reserve requirement
Hong Kong shares closed flat after China's central bank raised the amount banks must keep in reserve.
Hong Kong's Exchange Fund foreign assets reach $272B in May
Hong Kong's Exchange Fund foreign assets amounted to 2.12 trillion HK dollars or about US$272 billion in May, up 6.8 billion HK dollars from the previous month.
Government to sell 8 sites in third quarter
The 8 sites are expected to produce about 6,000 units twice the number provided by the nine residential sites put up for sale in the second quarter.
Business receipts of couriers up 26.6%
The government said most of the major service industries recorded increases in business receipts in the first quarter.
HKMA issues measures on residential mortgage lending business
Signs of renewed exuberance on the market have become evident following high transaction prices recorded in recent government land sale auctions.
First quarter construction works up 20.2%
Private residential building projects contributed the most to the growth of gross value of construction works at private-sector sites, which totalled $7.3bn.
Hong Kong’s fourth quarter industrial indices up
Industrial production for manufacturing industries as a whole increased 3.5% in the first quarter while producer price index surged 8.2% in the same period.
Taiwan's DrinkaZine sports drink banned
The Centre for Food Safety will prohibit the import and supply of DrinkaZine Energy Watt Sports Drink.
Cathay Pacific launches Abu Dhabi service
The airline provides enhanced access to China, UAE’s second largest trade and economic partner.
United unveils first mobile boarding pass in Hong Kong
Carrier introduces travel experience that enhances convenience of customers flying from Hong Kong.
HKAB to implement new set of credit card reforms
Hong Kong Association of Banks will implement the second batch of 11 credit card reform measures.
Competition among publishers sought through textbook review
Under Secretary for Education Kenneth Chen says the Government will improve the inspection of textbooks to lower the threshold for new textbook publishers. Introducing competition in the textbook industry will provide better quality and more reasonably priced teaching materials to schools.
First quarter total port cargo flat at 62.7mn tonnes
Hong Kong’s seaborne cargo up 3% to 43.2mn tonnes, while river cargo down 6% to 19.5mn tones.
Colliers International unveils Colliershomes.com
The company expects revamped website with more easily accessible interface to remain premier resource for residential property in Hong Kong.
Development Bureau revises plan for West Rail Long Ping project
Among the major changes are deletion of one residential tower and a three-level podium and removal of a basement carpark to reduce development bulk.
Lands Department issues 1 pre-sale consent in May
Approval of 24 applications for pre-sale consent for uncompleted residential units and 2 applications for uncompleted commercial developments are still pending.
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