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Inflation may soar to 4.5% in 2011
Although economic growth could hit 5% this year after expanding 6.8% last year, the Government should focus on "fighting inflation".
Inflation may soar to 4.5% in 2011
Although economic growth could hit 5% this year after expanding 6.8% last year, the Government should focus on "fighting inflation".
Inflation concern overshadows 6.8% economic growth in 2010
Rising inflation looms as a major issue to tackle in 2011, said Financial Secretary John Tsang.
HK compassionate budget needs more relief for middle-class and SMEs
Deloitte had called for a 150% deduction (up from 100%) on office rental expenses for SMEs.
HK budget highlights economic development
Hong Kong's top financial official proposed measures to smooth further economic development while curbing foreseeable inflation and property bubbles. This is in addition to actions for livelihood caring.
Hong Kong stocks continue to fall
The benchmark Hang Seng Index closed at 22,906.90, down 83.91 points, or 0.36 percent, after fluctuating between 22,837.09 and 23,055.47.
GDP may have increased 6.6% in 2010
4Q 2010 GDP is projected to have advanced 5.0% y-o-y compared with 6.8% for 3Q10.
Inflation to reach 4.0% in 2011
Food inflation should be one of those leading the charge – already at a 23-month high in Dec 2010, Hong Kong’s food prices look set to rise further.
Moody's: China fuels Hong Kong's growth
Moody's ascribes the strength of growth in many Asian economies in recent years to the benefits of increased integration with China.
SFC solicits views on stock exchange list expansion
The Government wants to find out public’s reaction on Government's initiative to offer tax exemptions to offshore funds engaged in futures trading.
Surplus of $60bn to $80bn may be achieved for the full FY2011
Most if not all of the to-be reported FY11 surplus could be viewed as a windfall ready to be saved or spent.
Government to relax criteria for legal aid applicants
The Chief Executive in Council has approved the government's plan to relax the criteria for assessing the financial eligibility of legal-aid applicants.
HK government mulls better credit rating rules
The government also plans to amend capital requirements for corporations licensed for Type 10 regulatory activity and connected matters.
Fuel surcharge for short-haul flights up 15%
The new maximum surcharge will be $165 for short-haul flights and $747 long-haul flights.
Hong Kong airport passengers up 10% in January 2011
Passenger traffic at Hong Kong International Airport grew to 4.3 million in January.
Subsidy scheme may raise income limit for two-member households to $12,000
A further upgrade to the Work Incentive Transport Subsidy Scheme has been proposed, said Secretary for Labour & Welfare Matthew Cheung.
51% of Chinese companies likely to make an acquisition
Chinese companies possess the means, motivation and opportunities to speed up the hunt for acquisitions in 2011.
Tiger Airways and South East Asian Airlines to start new daily flights between HK and Manila
The new route will offer low fares to tourists, business travellers and Filipinos working abroad on the important link between the Philippines and China.
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