Economy
Inflation is intensifying as projected: UBS
Inflation is intensifying as projected: UBS
Accelerating cost pressures are said to be driven by HKD weakness, rising Chinese inflation, continued asset reflation, and domestic credit expansion...
Private consumption to grow 6%, says analyst
This is due to the one-off cash handouts to the consumers in this year’s revised budget.
Hong Kong government pushes for Mandatory Provident Fund hike
The government proposes increase the monthly minimum income level to $6,500 from November and the maximum level to $25,000 from June next year.
Business receipts of couriers up 26.6%
The government said most of the major service industries recorded increases in business receipts in the first quarter.
Hong Kong first quarter GNP up 7%
Total factor income inflow was estimated at $228.4bn, equivalent to 50.6% of GDP, up 13.9% over a year earlier.
Hong Kong’s fourth quarter industrial indices up
Industrial production for manufacturing industries as a whole increased 3.5% in the first quarter while producer price index surged 8.2% in the same...
Hung Hom restaurant slapped with suspension
The Director of Food and Environmental Hygiene has ordered a restaurant in Hung Hom to suspend business for 14 days. The restaurant operator, who...
Hong Kong economy shows more signs of overheating--Hang Seng
Despite growing economic growth of 7.2% in the first quarter, business has become less willing to commit investment spending, as companies see more...
Wang Guangya to visit Hong Kong
The Hong Kong & Macau Affairs Office Director will be here from June 12 to 14.
HK foreign currency reserves in May down by US$1bn
Hong Kong incurred no unsettled forward contracts at the end of April and May.
China to overtake US as biggest banking economy by 2023—PwC
Experts expect domestic banking assets to exceed US$30 trillion by 2030.
Hong Kong and Czech Republic ink tax agreement
Hong Kong is still seeking to widen its network of tax agreements with major trading and investment partners.
Hong Kong to boost copyright protection
Copyright (Amendment) Bill 2011 aims to be more flexible in the wake of rapid advances in technology.
Government posts almost $2bln surplus in April
As at 30 April fiscal reserves stood at $597 billion.
March renminbi deposits in Hong Kong up 13%
Deposits in the currency climbed to 510.7bn renminbi while the Hong Kong-dollar loan-to-deposit ratio declined to 80.4% from 81.7%.
Hong Kong April exchange fund gains $38.5bn
Valuation gains on foreign currency investments and an increase in certificates of indebtedness boosted Hong Kong’s foreign currency assets.
Hong Kong April total imports up 6.1%, exports up 4.1%
A visible trade deficit of $42.4bn, 14.4% of the value of goods imports, was recorded.
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