Economy
Corruption, wealth and big business
Corruption, wealth and big business
“August 21 - Vietnamese police have arrested one of the country’s wealthiest bankers over undisclosed financial crimes, triggering sharp falls on...
Mortgage loans application and approvals fall
Mortgage loans drawn down during July dropped by 20% compared with June, to $16.1 billion, said the Monetary Authority.
Hong Kong boosts depositor protection
The Hong Kong Deposit Protection Board says it will remain vigilant against threats that may arise from the slowing global economy.
Almost 1 in 2 job seekers fail to find jobs in Hong Kong
Hong Kong’s unemployment rate remained unchanged at 3.2% for the second quarter despite the continuous battering taken by its weaker economy.
Wong is new Consumer Council chief
Ms. Gilly Wong has been appointed the new Chief Executive of the Consumer Council.
Hong Kong economy grew at the slowest pace in 2Q12 since 2008
The economic growth forecast has then been reduced to 1% to 2% for the year.
Mong Kok preservation project underway
The Lands Department has announced the resumption of land for the implementation of a preservation and revitalisation project on Shanghai and Argyle...
Hutchison badly hit by global business downturn
Hutchison Whampoa eported a massive 78% drop in net profit for the first half of the year.
Loan growth remains weak in Hong Kong
Loans inched forward at the tepid pace of 1.5% in the second quarter reflecting the economic slowdown gripping Hong Kong.
Older population in 2041 a threat to Hong Kong’s prosperity
People aged 65 and over is projected to rise from 13% in 2011 to 30% in 2041.
Renminbi accounts to be available to non-HK residents
Renminbi services will be available to them from August 1.
Go to Hong Kong, Taiwanese businessmen urged
Hong Kong is the ideal gateway for Taiwanese entrepreneurs looking to go global and its corporate tax rate is up to 16.5% lower than Taiwan’s.
Inflation slows to 3.7% in June from May
The government expects a further easing of the inflation rate in the coming months due to the difficult external economic environment and lower...
Exports and imports fall from January to May
The volume of Hong Kong's goods re-exports fell 3.3% while that of domestic exports fell 24%.
Insurance faces positive growth prospects
Commissioner of Insurance Annie Choi said the renminbi business is among the growth engines for Hong Kong’s insurance industry.
SFC tackles investor risks
The Securities & Futures Commission warns investors to consider risks that may affect their ROI before making a commitment.
Business firms expect worse Q3
About 19% of Hong Kong firms don’t expect their business situation in Q3 to be better than Q2.
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