Economy
Leung elected Chief Executive
Long-shot outsider Leung Chun-ying was elected yesterday by Hong Kong’s elite as the next Chief Executive.
Inflation slows in February
One-off government relief measures helped tame inflation in February.
Scrapping of capital duty good for investments
Despite a considerable loss in revenue, Hong Kong moves forward with eliminating the tax in order to spur investments.
Outward processing exports to the Mainland slow down
Hong Kong exports to mainland China for outward processing fell slightly during the 4th quarter of 2011 year-on-year.
Credit card use spikes during the holidays
The total value of credit-card transactions in the fourth quarter of 2011 hit $117.2 billion.
GNP, GDP improve in 4Q 2011
Hong Kong's gross national product rose 7% to $511.3 billion in the fourth quarter last year over the same period in 2010.
The personal touch remains the best way to grow a business
Social networking may be fine but good old person-to-person contacts are even better.
Hong Kong employees work too hard
70% of Hong Kong's employees don't stop working--even at home.
Retail has a good fourth quarter
Tourism helped drive-up Hong Kong’s retail earnings during the fourth quarter of 2011.
Foreign currency reserves rise
Hong Kong's official foreign currency reserves amounted to US$294.7 billion at the end of February, up US$1.9 billion on January, the Monetary...
Li leads list of Asian billionaires
After a lapse of seven years, Hong Kong billionaire Li Ka-shing is again Asia’s richest person.
Hong Kong to soon allow some Japanese food imports from Fukushima
Hong Kong will soon remove some restrictions on food imports from Japan imposed because of the nuclear crisis caused by the nuclear accident at...
Gender equality not yet the norm among top Hong Kong firms
The glass ceiling’s still too low for Hong Kong’s women executives.
Why holding HKD is the same as holding USD
I have far fewer concerns about a bank going under in Hong Kong than I do in the US. And in Hong Kong I can move money into gold or any number of...
Retail sales up slightly but disappoint heavily
The Lunar New Year did spike retail sales but not enough, according to some analysts.
Somewhat fewer millionaires in Hong Kong last year
The number of millionaires in the city seems to have dwindled somewhat due to the tough times.
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