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Tsang outlines opportunities for Canadian firms in HK
Financial Secretary John Tsang outlined the opportunities for Canadian firms in Hong Kong brought by the latter's close integration with mainland in his remarks at an Economic Club luncheon in Toronto.
Tsang outlines opportunities for Canadian firms in HK
Financial Secretary John Tsang outlined the opportunities for Canadian firms in Hong Kong brought by the latter's close integration with mainland in his remarks at an Economic Club luncheon in Toronto.
Education expenditures rise from $35M to $95M in 5 years
The Education Bureau's expenditure on national education for primary and secondary schools rose from $35.3 million in 2007-08 to an estimate of $95.7 million in 2011-12.
Cathay Pacific launches new freighter service to Bangalore
The airline expects strong interest from China and Northeast Asian countries for shipments of computers, computer components, high-value electronic goods, ICs, and garments.
Government boosts protection of telecom subscribers with industry code
Participating service providers have revised contract forms and revamped service platforms and sales and internal supporting procedures.
Government to subsidize more projects for the elderly
A new phase of the Neighbourhood Active Ageing Project will be launched.
Government secures repurchase deal with Citibank
Repurchase offer’s total value to reach $1.06bn, covering about 92% of Citibank HK customers holding outstanding notes.
Foreign currency reserves in June up by US$1.3bn
Reserve reached US$277.2bn at the end of June.
New warning up on fraudulent bank emails
The public is advised anew not to access Internet banking accounts through hyperlinks embedded in e-mails, Internet search engines or suspicious pop-up windows.
Building transactions in second half of 2010 down 18%
The transactions’ total consideration for the period was down 2.2% to $370.14bn.
Double whammy: Price hikes and wage inflation soften local demand
Although June's input cost index eased for the first time since February, at 65.5 it is still sitting high above trend, so cost inflationary pressures remains acute, says HSBC.
Hong Kong June flat sales up 7.5%
Yet the number of searches of land registers made in the same month dropped 2.9% compared with May and fell 6.7% compared with June 2010.
Hong Kong retail sales up 27.8% to $33.1bn
Residents’ improving income and vibrant inbound tourism are expected to further boost retail business.
May Exchange Fund up $43.4bn
Hong Kong’s monetary base at the end of May down 0.5% to $1.05tn behind a decrease in Certificates of Indebtedness.
Renminbi deposits up 7.5%
Deposits grew to RMB548.8 billion.
Hong Kong’s office market makes rapid rebound in Q1 2011
CB Richard Ellis says the country’s prime office rates climbed by 40% at the end of Q1 2011.
Imports and exports in Hong Kong soar
The value of total goods exports rose 17% while the value of goods imports increased 15.8% for the first five months this year.
May new mortgage loans down 1.4%
Yet approvals for primary market transactions and secondary market transactions grew by $1.2bn and $3.1bn.
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