News
Hong Kong entered 2011 as the most expensive office location in the world
Occupancy costs per workstation in Hong Kong's prime district of Central and Admiralty surged by 31% year-on-year in 2010.
Hong Kong entered 2011 as the most expensive office location in the world
Occupancy costs per workstation in Hong Kong's prime district of Central and Admiralty surged by 31% year-on-year in 2010.
Headline PMI eased to 53.7 in February 2011
February new orders fell to 54.1 from 58.1 in January while February employment index jumped to 52.6 compared to 51.1 in January.
Building sales dropped 7.6% year-on-year in February 2011
A total of 12,401 sale and purchase agreements for building units were received in February.
Minimum MPF income may rise to $5.5k
If the move is approved, Statutory Minimum Wage implementation will not cut the take-home pay of workers whose current monthly income is fewer than $5,000.
SFC, HKMA and StanChart reach agreement on Lehman Brothers notes
The SFC and the HKMA has reached an agreement with Standard Chartered Bank in relation to the bank's distribution of equity linked structured notes.
Retail sales volumes to advance 16.2%
The increasing gap between value and volume growth - from 1.4% in Sep 2010 to 2.6% in December 2010, reflects growing inflationary pressure.
Social welfare spending up 11% this year
Education, social welfare and health care will account for $137 billion in total.
Hong Kong total deposits up 1.4%
The Hong Kong-dollar loan-to-deposit ratio climbed from 78.1% at the end of December to 79.3% at the end of January.
Visitor arrivals surged 21.5% in January 2011
A total of 3,598,030 visitors arrived in January this year.
Dragonair to recruit 300 new candidates this year
42 new crew graduated from the training held last December to January.
HKMA completes investigations in Lehman-Brothers-related cases
HKMA announced that the investigation of over 99% of a total of 21,748 Lehman-Brothers-related complaint cases received has been completed.
HK pharmaceutical market to grow steadily
The Hong Kong pharmaceutical market should reach HKD10.56 billion by 2014, up from the calculated HKD7.19 billion in 2009.
Experienced candidates' salary levels in FMCG industries are rising by up to 15%
FMCG, retail, banking and financial services sectors were responsible for some of the most significant increases in recruitment activity in the HK market.
Inflation for 2011 forecast at 5%
Absence of exchange rate adjustment flexibility and monetary policy dependence makes HK incapable of tackling inflation in a proactive manner.
Hong Kong records $16B trade deficit
Hong Kong recorded a trade deficit of 16 billion Hong Kong dollars in January.
Mercer welcomes new budget measures but recognises opportunities missed
Careful thought is required to maximize value from the recent Hong Kong budget measures to improve retirement savings and healthcare.
High 2010 economic growth pushed 2010-2011 surplus estimate to $140.5bn
The surplus is over six times the government's original estimate of 0.8 percent.
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