Economy
Imports and exports in Hong Kong soar
Imports and exports in Hong Kong soar
The value of total goods exports rose 17% while the value of goods imports increased 15.8% for the first five months this year.
LPG prices to fall in July
The new range will be from $4.70 to $5.11.
Hong Kong and European Free Trade Association members ink free-trade pact
Trade in services, goods and in investment; and protection of intellectual property are covered in Hong Kong’s first free-trade agreement with the...
Inflation hits 34-month high of 5.2% yoy in May
Though a touch lower than expectations for 5.3%, it still sat above market expectations for 5.0%, says HSBC.
Japan’s import growth shoots to 12.3% in May
Export growth, on the other hand remained negative at -10.3%, says DBS.
Overall consumer prices up 5.2% in May
And inflation is still likely to rise amid higher price pressures.
HSBC: No slowing down in Hong Kong inflation
Price drop in energy has limited effect on inflation rate as transport makes up for only 8% of Hong Kong's composite CPI basket.
Hong Kong March workforce up 3%
Yet employment drops in the manufacturing and wholesale sectors by 6.1% and 0.3%, respectively.
Hong Kong first quarter GDP up 7.2%
Robust momentum in external trade regained in the first quarter boosted GDP from 6.4% in the previous quarter.
Thailand and Malaysia need to make urgent reforms
If not, problems lie ahead, say Morgan Stanley
Consumer inflation up, says forecast
This is said to be driven by ongoing surge in housing rents.
29% of Hong Kong’s China exports for outward processing
$125.1bn of Q1 total exports to China were for outward processing, up 18% over last year.
China’s GDP growth forecast for 2011 falls to 8.7%
Credit Suisse says food and services inflation will rise.
Eligible residents to receive $6,000 handout
$38 billion is set to be approved for the “Scheme $6,000”.
Exports down 4.3%
This as domestic exports saw an 8.3% decline.
China’s inflation shoots to 34-month high of 5.5% in May
This is due to the higher than expected food inflation which increased to 11.7%.
Export weakness looms
This as leading indicators are said to be turning down again.
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