Hong Kong
Hong Kong domestic exports plunge 36%
Hong Kong domestic exports plunge 36%
The prices of goods re-exports rose 8.2% over the same period in 2010, while those of domestic exports rose 6.8%.
Buildings Department considers legal action against flat owners
There were 36 cases of flat owners employing unqualified people to conduct minor works, so far this year.
Government has no target for 5-day work week implementation
Although companies with a five-day work week increased from 36.5% in 2006 to 61.5% in 2010.
Research In Motion plans unveiling BlackBerry Curve 9360 in Hong Kong
The smartphone delivers the world’s best mobile communications and social experiences.
China Outdoor Media Group continues to secure renowned companies as strategic shareholders
Mandra Capital acquired 100,000,000 shares of COMG, holding 1.26% of the issued share Company’s capital.
Hong Kong workers at risk due to overwork
A study confirms most Hong Kong workers stay late and bring work home with them.
LifeTech IPO offer price set at HK$2.0 per share
The proceeds will be used for expanding its manufacturing facilities, supporting its product offerings, and enhancing its research and development of products currently in the pipeline.
Hong Kong receives 1,473 applications for SME scheme
The scheme’s popularity prompted total loan guarantee commitment to rise by $10bn.
Contract awarded for improvement of Kai Tak River
An $818 million contract for the reconstruction, improvement and rehabilitation of a section of the Kai Tak River from Po Kong Village Road to Tung Kwong Road, has been awarded by the Drainage Services Department.
DoH warns against slimming products with banned and undeclared ingredients
The Department of Health has again appealed to members of the public not to buy or consume slimming products of unknown or doubtful composition as they may contain undeclared drug ingredients that are dangerous to health. The appeal followed the DH's receipt of notification from the Hospital Authority about two cases involving two women who had a history of consuming slimming products. The first case involved a 37-year-old woman who attended the Accident and Emergency Department of Princess Margaret Hospital for palpitation, dizziness, nausea and chest discomfort on November 4. The patient revealed that she had taken a slimming product called Super Fat Burning Bomb, which was purchased from an unknown source in Shenzhen, for about a week. The HA's laboratory test on the product remnant showed the presence of banned drug ingredients - sibutramine and phenolphthalein. "The DH is investigating whether the patient's symptoms are related to the consumption of the product. The patient is now in stable condition and no hospitalisation was required," a DH spokesman said. The second case related to a 43-year-old woman who was admitted to Caritas Medical Centre for hepatitis on October 23. The patient said she had taken a slimming product in the form of greenish capsules, which was also purchased from an unknown source in Shenzhen, for five days. Laboratory testing on the product remnant conducted by the HA detected the banned drug ingredients sibutramine and phenolphthalein, as well as another Western drug, diclofenac. The DH's investigation showed that her hepatitis is not related to the consumption of the product. She is now in stable condition. Sale of products containing banned Western drug ingredients is not allowed in Hong Kong. Sale of unregistered pharmaceutical products is an offence under the Pharmacy and Poisons Ordinance. The maximum penalty is a fine of $100,000 and two years' imprisonment. The spokesman urged members of the public not to buy products of unknown or doubtful composition.
OFTA issues Fair Usage Policy for broadband services
The Office of the Telecommunications Authority promulgated a set of mandatory guidelines setting out the relevant guiding principles for compliance by broadband service providers.
Transport Department to co-operate with ICAC's investigation
A spokesman for the Transport Department said that the Department was aware that staff members of certain designated car testing centres were being investigated by the Independent Commission Against Corruption in relation to a suspected corruption case. The spokesman said that it was inappropriate for the Department to comment on the case, while the investigation was underway. The Department would fully co-operate with the ICAC in the investigation, and would take follow-up action as necessary in the light of the investigation outcome. The spokesman reiterated that the Department placed great emphasis on vehicle safety, and motor vehicle examiners would continue to conduct irregular inspections and monitor the operations of car testing centres. The spokesman further said that all 22 designated car testing centres in Hong Kong continued to operate as usual. Vehicle owners could choose to take their private vehicles to any of the centres for vehicle examination.
Graff Diamonds plans $1 B IPO in Hong Kong
Graff Diamonds Ltd.plans to raise about $1billion in an initial public offering in Hong Kong.
Hong Kong to keep currency peg to US dollar, says Tsang
William Ackman, founder of hedge fund Pershing Square Capital Management LP, will “lose a lot of money” on his bet that Hong Kong will amend its currency peg to the dollar, city Chief Executive Donald Tsang said.
Hong Kong to maintain housing curbs, says Tsang
Hong Kong will maintain curbs on the housing market even after the value of home sales dropped 50 percent in October from the same period a year earlier, Chief Executive Donald Tsang said.
HSBC’s profit jumps 50% to US$7.2b in 3Q11
In Hong Kong, profit-before-tax was up by US$100m, boosted by strong growth in the commercial banking and global banking market.
Women are taking over Asia
On the 31st of October 2011, the 7th Billion World citizen was born. Chances are high that this baby will open its eyes in Asia, as Asia contains 60% of the world’s population, and 95% of all children are currently born in developing countries.