Hong Kong

GDP may have increased 6.6% in 2010

GDP may have increased 6.6% in 2010

4Q 2010 GDP is projected to have advanced 5.0% y-o-y compared with 6.8% for 3Q10.

Inflation to reach 4.0% in 2011

Food inflation should be one of those leading the charge – already at a 23-month high in Dec 2010, Hong Kong’s food prices look set to rise further.

Composite inflation jumped 3.5% in January 2011

Overall consumer prices rose 3.6% in January over a year earlier, higher than December's corresponding increase of 3.1%, the Census & Statistics Department says.

GCL-Poly to quadruple polysilicon production capacity

Upon completion of a technique update, GCL Poly's polysilicon capacity will be raised by 25,000 tons to 65,000 tons by summer 2012.

Moody's: China fuels Hong Kong's growth

Moody's ascribes the strength of growth in many Asian economies in recent years to the benefits of increased integration with China.

SFC solicits views on stock exchange list expansion

The Government wants to find out public’s reaction on Government's initiative to offer tax exemptions to offshore funds engaged in futures trading.

New Times Energy completes second workover of Argentina concession

Feat highlighted the company’s potential in its Concessions in the oil producing country.

Lee & Man profit up 96% to HK457.5mn

Growth is driven by Chemical Business as it capture business opportunities that arise from China’s economic growth.

Government to relax criteria for legal aid applicants

The Chief Executive in Council has approved the government's plan to relax the criteria for assessing the financial eligibility of legal-aid applicants.

Unemployment rate fell to 3.8% in November-January 2011

However, underemployment rate continued to show no improvement as it remained at 1.8 percent.

IMAGI acquires Toon Express Group

The company also plans to raise HK$359mn through news share new share subscription aside from buying rights of "Pleasant Goat and Big Bad Wolf".

Securities & Futures Commission opens hunt for CEO

Advertisements for the post were published on Saturday for a global search to oversee SFC daily operations.

HK government mulls better credit rating rules

The government also plans to amend capital requirements for corporations licensed for Type 10 regulatory activity and connected matters.

Tianjin Development raises HK$2bn 5-year term loan facility

The facility will give the group with capital for long term business expansion.

Antony Nigel Tyler quits as Executive Director of Swire Pacific

Tyler has been recommended by the IATA Board of Governors to be appointed Director General and CEO.

Fuel surcharge for short-haul flights up 15%

The new maximum surcharge will be $165 for short-haul flights and $747 long-haul flights.

Hong Kong GDP might have grown 6.6% in 2010

GDP for the last quarter of 2010 might have grown 5.0% year-on-year.