Hong Kong

BNP Paribas appoints new Managing Directors

BNP Paribas appoints new Managing Directors

Meighen Robertson and Peter K.D. Chen will both be based in Hong Kong and will report to Paul Yang, Head for Hong Kong.

In Hong Kong, telco services do come cheap

Residential and business users in Hong Kong pay as low as one-tenth of the telecom charges as their counterparts in six other cities.

Job market unmoved by minimum wage

The Labour Department is receiving an average of about 3,000 vacancies from the private sector per day.

Chevron's LPG filling stations to re-open

The Electrical and Mechanical Services Department acknowledges that Chevron will re-open their five LPG filling stations progressively.

Schemes at West Rail properties redesigned

The West Rail Property Development Limited has redesigned the schemes at Nam Cheong Station, and Sites Tsuen Wan 5 and Tsuen Wan 5 of the Tsuen Wan West Station.

Women arrested for selling banned slimming products

Two women, aged 24 and 29, were arrested today for selling slimming products containing undeclared and banned drug ingredients.

39% of employers say staff turnover will increase in 2Q 2011

Employers in Hong Kong are finding it more difficult to attract and retain high performers in the face of an intensifying skills shortage.

Hong Kong top travel destination in Asia

Hong Kong is also the only Asian city in the top 10 travel destinations worldwide.

Power subsidy to be credited from July

Proposal to provide extra allowances to Comprehensive Social Security Assistance, Old Age Allowance and Disability Allowance recipients will be implemented in August and September.

Hong Kong PMI fell to seven-month low

The headline PMI posted 52.9 in April 2011, down from 54.9 in March.

Property sales down 27.4% in April 2011

The Land Registry received 10,386 sale and purchase agreements for all building units.

Hong Kong internet economy to reach $146bn by 2015

The expected growth is to be driven by growth in mobile and online shopping, said Google Hong Kong.

Falling unemployment rate boosted March retail sales

The unemployment rate has fallen consistently now for a year and a half, down from a peak of 5.5% in August 2009 to 3.4% in March 2011.

Restaurants receipts surged 5.8% in Q1 2011

The total value of total restaurants sector receipts was $22.1 billion, said the Census & Statistics Department.

Retail sales up 26% in March 2011

Total retail sales was estimated at $31.2 billion, said the Census & Statistics Department.

Government urged public to support minimum wage

The statutory minimum wage is a significant milestone in the development of Hong Kong's labour policy, said Secretary for Labour & Welfare Matthew Cheung.

Hong Kong’s mortgage drawdowns up 67.5%

7% of the approved new mortgage loans were priced with reference to best lending rates.