Hong Kong
Dragonair to increase flights to southern Taiwan city and Mainland China
Dragonair to increase flights to southern Taiwan city and Mainland China
The number of flights to the southern Taiwan city will rise from 32 per week to 42.
Minimum MPF income may rise to $5.5k
If the move is approved, Statutory Minimum Wage implementation will not cut the take-home pay of workers whose current monthly income is fewer than $5,000.
HKEx 2010 profit up 7% to HK$5.04bn
The exchange is cautiously optimistic on the global economy in 2011 as problems in US unemployment, Europe sovereign debts, and Middle East political condition may impede recovery.
Dragonair boosts flights to Kaohsiung and 5 China cities
The airline capitalizes on escalating demand to and from Mainland China and Taiwan since last year.
SFC, HKMA and StanChart reach agreement on Lehman Brothers notes
The SFC and the HKMA has reached an agreement with Standard Chartered Bank in relation to the bank's distribution of equity linked structured notes.
Hong Kong's role as global financial centre highlighted in New York
Hong Kong has a unique role in helping US-based financial services businesses grow in China and the rest of Asia. This was emphasized by Under Secretary for Financial Services and the Treasury, Ms Julia Leung.
Bulgarian businessmen encouraged to seize Hong Kong opportunities
Bulgarian businessmen were informed how Hong Kong can help them expand to China and Asia.
Xinyi Glass 2010 profit up 103.1% to HK$1.57bn
Te company proposes spin-off listing of solar glass business in Hong Kong to step up growth.
Samling Global second half profit up 33.9% to HK$276.5mn
Sustains growth due to strong demand in China and India markets especially for logs which recorded increased sales volume and selling prices.
Retail sales volumes to advance 16.2%
The increasing gap between value and volume growth - from 1.4% in Sep 2010 to 2.6% in December 2010, reflects growing inflationary pressure.
Social welfare spending up 11% this year
Education, social welfare and health care will account for $137 billion in total.
Government may adjust 2011-12 Budget proposals
People's views and lawmakers' recommendations pushed Financial Secretary John Tsang to study the suggestions and come up with new proposals.
MPFA orders 9 employers to pay contributions
The MPFA obtained two orders for payment of outstanding MPF contributions of about $167,000 against two employers at the District Court.
Yuen Long Restaurant slapped with 30-day suspension
The Yuen Long Restaurant was ordered suspended from conducting business until March 29. The Director of Food and Environmental Hygiene ordered the 30-day suspension.
Exchange Fund assets amount to $2,505B in January
The Hong Kong Monetary Authority announced that the total assets of the Exchange Fund amounted to HK$2,505.0 billion as at January 31, 2011. It is HK$159.3 billion higher than at the end of December 2010.
Hong Kong total deposits up 1.4%
The Hong Kong-dollar loan-to-deposit ratio climbed from 78.1% at the end of December to 79.3% at the end of January.
China Everbright International profit up 66% to HK$616.43mn
The company extends its efforts in exploring environmental protection and alternative energy projects and secured 17 new projects worth 2.83bn renminbi.
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