Hong Kong

Valuation gains on foreign currency investments and an increase in certificates of indebtedness boosted Hong Kong’s foreign currency assets.

The former Goldman Sachs Managing Director will be paid a director's fee of HK$340,000 a year.

Proceeds would be used to expand Sun's hypermarket chain in China.

Sale of Speed Sports Drink will be prohibited starting noon today due to excessive levels of a plastic additive.

The group aims global offering of 275mn new shares at the range of HK$1 to HK$1.40 per share.

The move gives Allied Overseas new investment opportunity that provides potential for future growth and enhancement of shareholder value.

Monetary Authority belies marginalisation of HK dollar amid intensified use of renminbi in Hong Kong.

The Government announced a new term of membership of the Advisory Committee on Agriculture and Fisheries.

Secretary for Transport & Housing Eva Cheng led a shipping delegation to South Korea to promote Hong Kong as an international maritime centre and a premier hub port.

Secretary for Food & Health Dr York Chow said the Government will strengthen checks on food from Taiwan.

Starting June 19 MTR, Light Rail and MTR Bus fares will increase an average of 2.2%.

Officials doing workplace inspections also remind employees to take note of their terms and the $28 minimum wage.

95% of China finance professionals surveyed report skills shortage following Mainland’s booming finance industry.

The computer manufacturer posted full-year sales of US$21.6bn, full year net profit of US$273mn and net cash reserves of US$2.7bn as of March 31, 2011.

The move seen to improve the company’s image and liquidity of shares that would improve its financial flexibility.

The company continues to pursue organic business growth and acquisition opportunities to further extend value chain.