News
Foreign currency reserves rise a puny 1% in December
Foreign currency reserves rise a puny 1% in December
One of Hong Kong’s defenses against a recession has again inched upwards.
Hong Kong Airlines dares to take on Cathay Pacific
Hong Kong Air plans to acquire some 100 aircraft for its fight against Cathay Pacific.
Newly registered companies up 6.31%
The figure for 2011 was a record high of 148,329.
Hong Kong is top IPO destination for 3 consecutive years
IPO market continues to be promising in 2012 as HK$230bn total funds raised through IPOs in Hong Kong is expected this year.
Visitor arrivals up 16.4%
Out of the 41.92 million arrivals, 28.1 million came from the Mainland.
Brace yourselves for a recession in 2012
Blame it on Hong Kong’s business activity that remained persistently weak from August to December 2011.
Are Hong Kong and China too close for comfort?
Chinese business has caught a virus that will be contagious to Hong Kong.
Hong Kong’s recovery unlikely to be swift: Hang Seng Bank
Economic growth is expected to ease to an average of 4%.
Retail sales whacked by inflation
Inflation took some of the luster off a welcome rise in retail sales in November.
Painful inflation nullifies wage increase impact
Inflation erased over half the value of wage increases that Hong Kong’s employees received in September 2011.
Lull in China’s economy to hurt HK’s commercial property sector
With 35% of Hong Kong’s total retail sales coming from mainland Chinese visitors, the city-state is bound to suffer if China’s economic woes continue.
Hong Kong posts $1.5bn deficit
Scheme $6,000.expenditure boosted the deficit.
Government faces fight for electricity tariff hikes
CLP Power already reduced its planned increase from 9.2% to 4.9%.
Merry Christmas and Happy Festivus
Ho ho ho!
Lands Department awards tender for hotel, residential sites
The hotel site was granted to Shangri-La Hotel and the residential site was awarded to Sky Target.
You won’t believe how many tourists went to Hong Kong in November
The total visitor arrivals in the first 11 months even surpassed the yearly total for 2010.
Service activities net output increased 3.9% in 3Q11
Net output in the import and export, wholesale and retail trades sector rose 4.8% in real terms.
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