Economy

Hong Kong and Mainland extends currency-swap pact

The agreement and its expansion seen to allow more flexibility for the development of renminbi business in Hong Kong.

Hong Kong and Mainland extends currency-swap pact

The agreement and its expansion seen to allow more flexibility for the development of renminbi business in Hong Kong.

October consumer prices up 5.8%

The Census & Statistics Department said the inflation rate was stable in October after its uninterrupted rise over the past year.

Japan exports drop 4% in October

As the economy is slowing faster than expected in 4Q11, facing the double headwinds of weak global demand and a strong yen.

Hong Kong economic growth forecast down 5%

The growth moderation was caused mainly by a sharp drop in exports towards the end of the quarter.

Thailand’s GDP may plummet 15% in 4Q11

DBS says the country’s recovery from the flood is extremely uncertain.

Tsang wants more exchange with Russia over usual business ties

Hong Kong and Russia can strengthen ties and deepen understanding in many areas other than business.

Fears abound as Philippine export growth plummets 27% in September

This is the lowest growth ever recorded in 29 months.

Asean to ascertain effects of Hong Kong's entry to free trade area with China

Asean memebrs will study the economic benefits and implications of Hong Kong joining the Asean-China free trade area.

Outlook for Hong Kong’s growth cloudy: UBS

Even though the country narrowly missed a technical recession, it’s not out of the woods yet.

Don’t be fooled by Hong Kong's strong sales growth in 2011

UBS says 2012 will see sales growth 'coming back to earth' due to these three reasons.

Outlook for Philippine remittance cloudy in 2012

DBS expects it to drop to 7% this year and to dip even further next year.

Warning says economy not out of the woods yet

This is despite Hong Kong managing to escape a technical recession.

Donald Tsang proposes visa-free access to US

US Secretary of State Hillary Clinton reportedly reacted positively to the suggestion.

Hopes rise as Japan’s economy grows 6% in 3Q11

Exports rose strongly by 27.4%, boosted by the supply restoration in the manufacturing sector.

October Exchange Fund foreign assets up $38.4bn

Foreign liabilities amounted to $400mn.

Visa-free access to US proposed

Chief Executive Donald Tsang has asked the US to grant visa-free access to Hong Kong SAR passport holders.

Amended classification for import and export declarations to take effect in 2012

The Customs and Excise Department reminded that import and export declarations for shipments on or after January 1, 2012, must be completed in...