Hong Kong
Hong Kong PMI jumps to 55.2 in January 2011
The current reading is an improvement from the 55.0 posted in December 2010.
Hong Kong PMI jumps to 55.2 in January 2011
The current reading is an improvement from the 55.0 posted in December 2010.
Dragonair workforce expansion underway
A walk-in interview session is being offered by Dragonair to look for new qualified cabin crew.
Pacific Andes Resources Development first quarter profit up 11.2% to HK$167.4mn
The net profit of China Fishery, another subsidiary of Pacific Andes, also grew 7.9% to HK$153.7mn.
Is Hong Kong ready for competition law?
The Hong Kong Government published last summer the long awaited Competition Bill which is intended to introduce a general competition law in Hong Kong.
Ship mortgage: Right of sale upon non-financial covenant default
The rights of both the bank and borrower when it comes to non-financial covenant default will not remain a question anymore.
Benchmark seen soaring to 28,900
The Hong Kong benchmark may jump as much as 23 percent to hit 28,900 this year. This is fueled by the banking and property sectors, according to the Credit Suisse Securities.
Bank loans overshoot January target
New bank loans in the mainland during January hit US$182.89 billion, which overshot the central bank's cut-off target by at least 20 percent.
Crazy Hong Kong office rents skyrocketed 33% in 2010
Hong Kong registered the highest annual office rents growth in Asia Pacific outranking Beijing, Singapore and Shanghai.
Total retail sales up 18.3% in 2010
The sales volume of miscellaneous consumer durable goods registered the highest growth.
Research: 30% of HK households may not afford private housing
Thirty of Hong Kong incomes are sandwiched between private housing and the government's public rental housing. This trend is expected to continue for the next 20 years.
Hong Kong tops The Globalization Index
Singapore was overtaken by Hong Kong as the most globalised economy in the world.
$41.8bln surplus recorded in December 2010
The surplus in December was mainly due to the receipt of $33.8 billion in investment income on fiscal reserves.
Firms switch from GEM to main board
More firms are making the switch from the Growth Enterprise Market to the main board this year than last year. Most of them are small and medium- sized enterprises.
Hong Kong property slowdown masks future growth
Hong Kong's property market is expected to grow after the Lunar New Year although it has slowed down ahead of the festival.
HK Chief Information Officer Jeremy Godfrey quits
Godfrey is known for his Digital 21 strategy and his commitment to enhancing e-Government services, enriching the government IT programme and facilitating ICT developments in Hong Kong.
HK December Exchange Fund assets down $45.7bn
Decline in foreign currency assets was due to a decrease in unsettled purchases of securities, behind valuation gains on foreign currency investments.
Newtree Group profit down to HK$42mn
The group’s listing on the Main Board of HKSE and access to international capital markets lays a solid foundation for the Group’s long term development.