Hong Kong
Unemployment rate stands at 3.5%
The labour force grew by 17,800 to almost 4 million in March-May.
New car tax rates approved
They will be implemented when the Motor Vehicles (First Registration Tax) (Amendment) Bill 2011 is gazetted on 17 June 2011.
Exports down 4.3%
This as domestic exports saw an 8.3% decline.
Cathay Pacific launches Blackberry Playbook airline app
The carrier has already has its app even before BlackBerry PlayBook’s release in Hong Kong from early July.
Record high housing rents raise concern on Hong Kong’s competitiveness
Many corporations are feeling the effects of high rents as it increases the expatriates’ cost of living, which weakens Hong Kong’s competitiveness.
Tsang luring Victorian firms to Hong Kong
Chief Executive Donald Tsang is encouraging Victorian companies to establish take advantage of Hong Kong's position as the premier gateway to China.
Lee & Man Paper 2010 profit up HK$1.85bn
Net profit per ton remains among the highest in China’s containerboard industry despite substantial increase in waste paper and coal prices.
DHL Express names Jerry Hsu CEO Asia Pacific
Hsu and regional team to focus on optimizing revenue, market share, and margins with entrepreneurial ‘close to market’ strategy.
Overseas experience crucial for career in finance--survey
88% of finance professionals surveyed believe overseas experience is important to their career.
SFC fails to ban Tiger Asia
SFC has accused Tiger Asia of insider dealing, but a judge said the case is beyond the High Court’s jurisdiction.
Investors turned off by tax for Prada IPO
Potential buyers are said to be backing away thanks to the 12.5 percent tax.
Export weakness looms
This as leading indicators are said to be turning down again.
Inflation is intensifying as projected: UBS
Accelerating cost pressures are said to be driven by HKD weakness, rising Chinese inflation, continued asset reflation, and domestic credit expansion.
Private consumption to grow 6%, says analyst
This is due to the one-off cash handouts to the consumers in this year’s revised budget.
Noble Group to expand in India and China
The company is exploring not only Asia but businesses like clean fuels and vegetable oils.
Hopefluent joins MSCI China Small Cap Index as a constituent
The company was able to handle approximately 50,100 secondary property transactions and was able to achieve the largest market share in Guangzhou.
China Everbright and Macquarie’ infrastructure fund reaches US$729mn
Macquarie Everbright Greater China Infrastructure Fund will continue to raise capital throughout 2011 and 2012 from international and domestic investors.
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