Economy
Fears abound as Philippine exports plummet 15.1% in August
Fears abound as Philippine exports plummet 15.1% in August
And it seems like September’s export growth won’t be doing good as well.
Hong Kong's global trade share to overtake UK by 2025
The short-term outlook may be uncertain, but at least something good's about to come 14 years from now.
Hong Kong improves scheme to assist SMEs
Developments seen to boost the programme's flexibility and help banks provide stronger fund support for SMEs.
China's GDP may have surged 9.4% in 3Q11
It's time to scrap those thoughts of a hard landing in China as trade surplus for July and August totaled a whopping US$48.2b.
Next phase of Scheme $6K commences
More than 2.1mn registration forms for the initiative had been received.
Foreign currency reserves down to a mere US$277.7b in September
It was down by US$1.9 billion on August's figure.
September foreign currency reserve assets down US$1.9bn
Total foreign currency reserve assets represent more than eight times the currency in circulation in September.
Don’t panic, Hong Kong; at least not yet
Economist says though contraction is happening faster than in 2008-2009, the support offered by Mainland demand is also higher than previously.
Indonesia’s GDP rises 6.5% in 2Q11
However, inflation pressures are still lurking as August core inflation reached a two-year high of 5.2% y-o-y.
Is Hong Kong heading into a recession?
HSBC says no as local consumption and tourist spending remains buoyant despite the country’s rising inflation.
Hong Kong PMI dropped to 45.9 in September
All sub-indices signaled a cooling of business activity, despite the continued growth of new orders from Mainland China.
India’s GDP up 7.7% in 2Q11
The country’s economy has slowed a little more as private consumption growth eased to 6.3% from 8% in 1Q11.
Hong Kong ranks 15th out of 139 countries in judicial independence in 2010
Secretary for Justice Wong Yan Lung says solid legal system is the key to this success.
Taiwan’s inflation may have risen 1.5% in September
Standard Chartered expects core inflation to trend higher as housing costs rise.
Hong Kong’s GDP may only be 3.3% in 2012, warns analyst
Continued deterioration in external demand is clouding UBS’ 12-month outlook for Hong Kong.
Private consumption up 9.2% in Q2 2011
Seems like a good sign for Hong Kong, as private consumption accounts for 61% of its GDP.
China’s economy to grow 9% in 4Q11 to 2012
The country’s GDP is forecast to grow by 8.8% in 2H2011, as slower growth will be inevitable for China but supported by resilient domestic demand.
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