Economy
Hong Kong’s Exchange Fund assets plunge $38b in August
The Monetary Authority announced that total assets of the Exchange Fund amounted to a whopping $2.45t at the end of the month.
Hong Kong’s Exchange Fund assets plunge $38b in August
The Monetary Authority announced that total assets of the Exchange Fund amounted to a whopping $2.45t at the end of the month.
China’s manufacturing PMI stable at 49.95 in September
This is a bit better than August’s 49.91, as the slowdown in China's manufacturing sector is showing signs of stabilizing.
Japan’s industrial production rises 0.8% in August
DBS says manufacturing sector growth has softened as a result of weaker export demand.
Hong Kong Chief Secretary Henry Tang resigns
Tang is expected to run for Hong Kong’s top government job.
Thailand’s manufacturing production surges 7% in August
As motor vehicle production improved this month, followed by a pick up in the food and petroleum sectors.
Hong Kong’s nominal wage up 8% in June
As 73% of companies reported increases in average wage rates in June compared with a year ago.
Korea’s export growth may have dropped to 21.4% in September
DBS blames the effects from the earlier arrival of the Chuseok holiday for the decline in exports.
Hong Kong Chief Secretary resigns: report
Henry Tang will reportedly meet with the media on 28 September 2011.
Hong Kong’s total exports and imports up
The year-on-year increases for exports and imports were 6.8% and 14.1% respectively.
Business leaders in the region meet in Hong Kong on global economic recovery
Outcomes of the discussions by CEO’s of companies in 7 countries will form a basis for business views being brought to the G20 Summit in November.
Overall consumer prices soar 5.7% in August
Inflation seen to rise further in the coming months due to surges in international food prices and private residential rents.
Second quarter Balance of Payments surplus reaches $19.6bn
Yet visible trade deficit in second quarter soared to $125.6bn.
Taiwan warned on threats of slowing exports to job market outlook
Seasonally adjusted unemployment rate may have remained unchanged at 4.37%, near a three-year-low.
China’s flash manufacturing PMI dips to 49.4 in September
HSBC says the country won’t suffer a hard landing yet as exports growth has expanded over 20% despite the weaker external demand.
Taiwan’s export order growth plummets to 5.3% in August
DBS blames weaker demand from Europe and the US, as manufacturers have cut orders amid rising concerns over the debt crisis.
Hong Kong property prices to anchor inflation expectations
Analyst says negative sentiment has clouded the property market with disappointing land auction results and major banks raising mortgage rates.
Inflation is likely to slow, expects analyst
Standard Chartered forecasts Hong Kong's CPI inflation at 5.6% in August.
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