News
Hong Kong April foreign assets up by $27.5bn
The monetary base amounted to $1.05tn, while claims on the private sector, reached $134.9bn and foreign liabilities, $500mn.
Hong Kong April foreign assets up by $27.5bn
The monetary base amounted to $1.05tn, while claims on the private sector, reached $134.9bn and foreign liabilities, $500mn.
Galaxy Macau opens as Macau's newest major attraction
The "New Palace of Asia" welcomed thousands of guests in its official opening on 15 May.
SFC orders Core Pacific-Yamaichi International to repurchase Lehman-linked products
The price would be equal to the principal amount invested by the customer minus any coupon payments received.
Hong Kong charges Merrill Lynch with $3mn fine
A probe found out that Merrill Lynch failed to properly assess the financial situation and investment objectives of 40 customers who invested in the index-linked notes in 2007.
GDP may have advanced 6.5% in 1Q 2011
Sequentially, growth likely quickened to 2.1% QoQ from 1.5% in 4Q 2010.
Hong Kong March exports up 13.7%
The volume of total exports climbs 17.7%, and the volume of imports soars by 12.9% in the first quarter.
Asian fund managers prefer regional growth stocks than US and European equities
China and Korea are preferred markets with a majority bearish on India, Indonesia despite inflation being highlighted as key risk.
Original ruling against Edward Eugene Lehman overturned in appeal
The Honourable Mr. Justice To imposed a fine of HK$200,000 against Lehman and awarded indemnity costs of HK$400,000 to the Plaintiffs.
Hong Kong beats Tokyo as most expensive office location in Asia Pacific
Hong Kong's Grade A CBD rents posted the strongest QoQ increase of 11.9 per cent in 1Q 2011.
Foreign currency reserve assets increased US$4.3bn in April 2011
The official foreign currency reserve assets of Hong Kong amounted to US$276.9 billion at the end of April.
Government to ensure safety, effective management of construction sites
From 2000 to 2010, industry-wide accident rates decreased from 149.9 to 52.1 per 1,000 workers a year and in public works contracts from 46.4 to 9.8.
Job market unmoved by minimum wage
The Labour Department is receiving an average of about 3,000 vacancies from the private sector per day.
Hong Kong top travel destination in Asia
Hong Kong is also the only Asian city in the top 10 travel destinations worldwide.
Power subsidy to be credited from July
Proposal to provide extra allowances to Comprehensive Social Security Assistance, Old Age Allowance and Disability Allowance recipients will be implemented in August and September.
Hong Kong PMI fell to seven-month low
The headline PMI posted 52.9 in April 2011, down from 54.9 in March.
Hong Kong internet economy to reach $146bn by 2015
The expected growth is to be driven by growth in mobile and online shopping, said Google Hong Kong.
Falling unemployment rate boosted March retail sales
The unemployment rate has fallen consistently now for a year and a half, down from a peak of 5.5% in August 2009 to 3.4% in March 2011.
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