News
Construction of cruise terminal now underway
The foundation stone laying ceremony for the Cruise Terminal Building at Kai Tak today, which will berth the largest cruise vessels in the world, was officiated by Chief Executive Donald Tsang. He was joined by Acting Secretary for Commerce & Economic Development Gregory So and Secretary for Development Carrie Lam. The Government funded its design and construction. The terminal and first berth will open in mid-2013 and will be leased for management and operation. The second berth will be commissioned in 2014 after dredging works on the seabed are completed. The terminal will feature environmentally friendly facilities to provide world-class services to passengers, with a commercial area of 5,600 square metres and a landscaped deck with open space for public enjoyment.
Construction of cruise terminal now underway
The foundation stone laying ceremony for the Cruise Terminal Building at Kai Tak today, which will berth the largest cruise vessels in the world, was officiated by Chief Executive Donald Tsang. He was joined by Acting Secretary for Commerce & Economic Development Gregory So and Secretary for Development Carrie Lam. The Government funded its design and construction. The terminal and first berth will open in mid-2013 and will be leased for management and operation. The second berth will be commissioned in 2014 after dredging works on the seabed are completed. The terminal will feature environmentally friendly facilities to provide world-class services to passengers, with a commercial area of 5,600 square metres and a landscaped deck with open space for public enjoyment.
Consumers spending remains strong
Retail sales value grew to 18.8% in the first two months, which was strong by any measures.
Hong Kong’s foreign currency reserve assets down by US$.2bn
The Monetary Authority of the world’s 10th largest holder of foreign currency reserves said there were no unsettled forward contracts at the end of March and February.
Lands Department issues 3 pre-sale consents
The department had 20 applications for pre-sale consent for uncompleted residential units and 4 for uncompleted commercial developments at the end of March..
Employment guide reveals who's hiring:Morgan McKinley
The FMCG, retail and luxury are the most active employers within the commerce and industy.
Hong Kong water remains safe
No observable change was found in the radioactivity level of water samples.
Government announced tougher Mandatory Provident Fund regulation
Legislative proposals have been raised to improve the regulation of sales and marketing activities of MPF intermediaries.
Hong Kong International Airport handled record 983 flight movements
The figure broke the single-day record of 973 flight movements set on December 17.
Tourist spending in Hong Kong up 32.7% to HK$210bn
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.
Broadcasting Authority approves TVB shareholding change
The move will not affect the broadcasting company’s investment commitment of $6.3 billion from 2010 to 2015.
4 Housing Authority members retire
But 7 new members have been appointed to the Hong Kong Housing Authority.
Hong Kong February retail sales value up 8.6%
Yet the recent Japan crisis could generate adverse impact on the business of certain retailers.
Exchange Fund total assets fall by $71.1bn in January
Sales of Hong Kong dollars for foreign currencies and fiscal drawdowns caused the decline in Hong Kong dollar assets.
Hong Kong posts $9.5bn deficit in February
The government expects cumulative surplus to decrease in the last month of the financial year.
Dragonair complies with new baggage resolution
IATA introduced a resolution for setting baggage allowances and excess baggage charges for journeys involving multiple carriers.
Hang Seng joins forces with Industrial Bank
The MOU aims to deepen Hang Seng’s long-term commitment to the Mainland market.
1.36mn passengers expected during Ching Ming Festival
An average of about 340,000 daily will pass through Lo Wu control point.
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