Hong Kong

On a month-on-month basis, property sales increased 8.9 per cent.

The figure broke the single-day record of 973 flight movements set on December 17.

The Immigration Department processed 270 applications between March 17 and 31.

Six itinerant hawkers who pleaded guilty to selling short-weight chestnuts or sweet potatoes in the first three months of this year were fined from $500 to $3,000.

The residential development near Phase 8 of Mei Foo Sun Chuen meets relevant statutory requirements and complies with the use permissible under the land lease.

Visitor arrivals seen to grow 39.64mn in 2011, but is dependent on the stability of the global economy and maintenance of China of its robust economic growth.

The 19% Spanish withholding tax on interest and 24% withholding tax on royalties on Hong Kong residents will both be slashed down to 5%.

The move will not affect the broadcasting company’s investment commitment of $6.3 billion from 2010 to 2015.

“The social development and increasing wealth cause more and more flexibility, especially of the increasing middle class. Rail- and road infrastructure is under construction, while aviation infrastructure is still in an early planning and development stage due to delayed environmental assessment, air space congestion and Asian wide constraints. The year 2010 was crucial for decision making for most of the Asian countries, to define the strategy and way forward how to develop the necessary domestic, Asian and international air transportation network. Finally also the Chinese government has come up with an implementation strategy and budget schedule, which allows for the first major aviation infrastructure projects to commence implementation.”

Hong Kong and the countries around it are vulnerable to natural hazards of almost every kind – from earthquakes to droughts, from floods to tsunamis. Experts argue that the situation will get even worse with the impact of climate change.

Mainland China and Hong Kong SAR have emerged as the economic and financial hubs of Asia, attracting scores of businesses engaged in the manufacture and distribution of goods from around the world. Despite both being economically active, people may view the two territories in stark contrast. Mainland China’s economy is strictly regulated, with a complex tax regime and relatively high trade barriers. Conversely, Hong Kong SAR is a free port that charges practically no customs duties and maintains a simplified tax system with minimal transactions costs. Dealing with two varying sets of regulations and regimes is part of reaching the markets to which Mainland China and Hong Kong SAR grant access.

The Chinese antitrust agencies issued implementing measures which will allow for an increased level of enforcement against cartels and other kind of anticompetitive conduct in China, but do they really mean business?

This is to prevent the abuse of new-trend psychotropic drugs and to hinder the production of ketamine.

But 7 new members have been appointed to the Hong Kong Housing Authority.

The collaboration to promote secure, “green” e-billing solution aimed to provide millions of customers with highly secure and efficient e-billing service.

Yet the recent Japan crisis could generate adverse impact on the business of certain retailers.