Hong Kong

Wages should not be below $28 starting 1 May 2011 as the Minimum Wage Ordinance took effect yesterday.

The department gathered 80,00 job opportunities at the end of March, said Secretary for Labour & Welfare Matthew Cheung.

The Census & Statistics Department's report on CPI made the company lower the fare hike.

The carrier implements corporate growth strategy, such as increasing synergies with Cathay Pacific and Shenzhen Airlines, to tackle market challenges.

Spending on housing and food goes up while residents cut expenses on transport and on clothing and footwear.

The lot, with 1,901.7 square metres site area is designated for private residential purposes.

The MOU provides a platform wherein market practitioners from the Mainland and Hong Kong can interact in a wide range of areas.

25 companies expected to be listed in the second quarter with JGAAP recognition as a key highlight.

Re-exports value grew 21.7% to $275.1bn while the value of domestic exports up 11.6% to $6.4bn.

The Buildings Department approved 66 building plans in March - 15 on Hong Kong Island, 28 in Kowloon and 23 in the New Territories.

The MTR Corporation has lowered its fare rise proposal announced last month, from 2.3% to 2.2%.

The National Association of Financial Market Institutional Investors and the Treasury Markets Association signed an MoU on Co-operation in Beijing.

The HKTDC Hong Kong Gifts and Premium Fair opened at the Hong Kong Convention and Exhibition Centre with some 4,070 exhibitors. It is a new fair record.

The company aims expansion into the luxury jewelry retail market with a well-established niche brand.

Exit from Growth Enterprise Market to SEHK to enhance the profile of the group and increase trading liquidity.

The two sectors are eyed as market focus, with prospective rental growth of 25% in 2011 for the Office Sector and 20% for Retail Sector.