News

With 35% of Hong Kong’s total retail sales coming from mainland Chinese visitors, the city-state is bound to suffer if China’s economic woes continue.

Scheme $6,000.expenditure boosted the deficit.

CLP Power already reduced its planned increase from 9.2% to 4.9%.

Ho ho ho!

The hotel site was granted to Shangri-La Hotel and the residential site was awarded to Sky Target.

The total visitor arrivals in the first 11 months even surpassed the yearly total for 2010.

Net output in the import and export, wholesale and retail trades sector rose 4.8% in real terms.

There are 57,690 jobs in the private sector but there's no one to fill the positions.

The country’s GNP was larger by $6 billion, rising 9.8% in the third quarter.

Double-digit increase was recorded for the total export volume to Taiwan.

Hong Kong was an important constituent of China’s financial market, and the Mainland could leverage Hong Kong’s effective financial resource allocation platform to facilitate the renminbi’s internationalisation, Financial Secretary John Tsang said.

Hong Kong took the top spot with a score of 5.16 on a scale of 1-7, says World Economic Forum.

Producer price index also increased 9.6% in the third quarter.

So what will HongKong Land Holdings build in its place that is worth $72m?

Another loser was financing industries, except banking, with 13.6% fall.

Retail properties offer greener pastures amid the subdued outlook.