News
Exchange Fund foreign assets grew to $2.09tn in February 2011
An increase of $53.1 billion was seen on the previous month.
Exchange Fund foreign assets grew to $2.09tn in February 2011
An increase of $53.1 billion was seen on the previous month.
Japan economy to remain resilient in quake aftermath: DBS
Government borrowing is sure to rise and given Japan’s already high (1.8x to 1.9x) debt:GDP ratio, some believe bond yields are likely to rise.
Hong Kong to check Japan food imports for radiation
Hong Kong does not depend largely on Japan for its food supply, said Secretary for Food & Health Dr York Chow.
Construction Industry urges developers to enhance working environment
The industry has found it difficult to attract young people to join the industry.
Cathay Pacific to add 27 more aircraft to fleet
The HK$51bn fleet expansion deal with Airbus S.A.S. and Boeing aims to make its fleet, advanced, highly efficient and environmentally friendly.
Revisions in budget proposals will turn surplus to deficit of $12bn
Revised budget proposals of giving $6,000 cash handouts and 75% salary tax rebates would mean a $40 billion stimulus package to consumption and growth.
Govt seeks approval to submit revised interim funding motion
The government will submit a revised motion seeking a $60 billion interim funding allocation for initial expenditure.
Total port cargo throughput rose 10%
Port cargo throughput increased to 267.8 million tonnes as inward and outward port cargo rose 11% and 10% respectively.
Hong Kong will be among the fastest growing international freight markets from 2009 to 2014
Asia Pacific commanded about 45% of the global airfreight industry in 2010, said IATA.
Hong Kong foreign currency reserves dip by US$500mn
Hong Kong’s official foreign currency reserve assets worth US$272.7bn represent 54% of Hong Kong dollar M3.
Finance and accounting hiring boom seen to hamper retention efforts
9 in 10 Hong Kong employers concerned with losing star performers in the current market.
Central govt supports HK as offshore RMB center
The central government of China supports Hong Kong's efforts in building itself into an offshore RMB center.
Hospital Authority to resolve medical-staff shortages
Dr York Chow, Secretary for Food & Health, urged the Hospital Authority to work with the College of Physicians to find solutions to medical-staff shortages.
73% of employers in Asia Pacific lack a strategy for developing women leaders:Mercer
More than two-fifths of the employers surveyed said their organisations do not offer any activities or programmes targeted to the development needs of women leaders.
Hong Kong signed health pact agreement with Shenzhen
The agreement will enhance co-operation on quarantine and health measures at boundary control points.
HKEx to extend trading hours
9:30am to 4pm schedule will be implemented from March 7 after series of simulation sessions showed positive results.
HK retail sales value increased by 28% in January 2011
Total retail sales value rose to $37.6 billion in January, according to the Census & Statistics Department.
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