Economy

Korea's department stores suffer biggest decline in 3 years

Store sales fell by 3.4% as both luxury goods and discount products experience a drop in consumer purchases, by 5.9% and 2.4% respectively. Read ››

Credit card receivables down; delinquencies up

A drop in spending and a rise in delinquencies were experienced by Hong Kong in the first quarter this year. Read ››

Credit card receivables down; delinquencies up

A drop in spending and a rise in delinquencies were experienced by Hong Kong in the first quarter this year. Read ››

Pay hikes in store for government ministers

A proposed pay increase for Hong Kong’s government ministers is quite generous. Read ››

Volatility to batter Hong Kong and other financial markets worldwide

The wild ride taken by the Hang Seng isn’t over. Read ››

Hong Kong promotes renminbi business in Japan

The Hong Kong Monetary Authority and Trade Development Council have held a seminar in Tokyo promoting Hong Kong’s renminbi business. Read ››

Gregory So in Japan to promote Hong Kong

Secretary for Commerce & Economic Development Gregory So is in Japan for a five day visit to promote Hong Kong. Read ››

Tsang arrives in Taipei

Financial Secretary John Tsang is in Taipei as head of a delegation that officiated at the opening of the Hong Kong Economic, Trade & Cultural Office. Read ››

Hong Kong’s economy is worse than expected

A serious slowdown in growth in the first quarter is blamed on weak exports. Read ››

Capital duty to be banished by June 1

It’s another move to grow a faltering economy by telling foreigners that Hong Kong is great for their businesses. Read ››

SFC seeks public’s opinion on IPO regulation

The recent crackdown on brokers pushing sub-standard IPOs heads in a parallel direction. Read ››

Hong Kong business conditions improve but only slightly

Analyst says the economy’s sails have yet to pick up wind even as sufficient new business continues to support job creation. Read ››

International Reserve Currency

When Treasury Secretary Tim Geithner recently visited China in a rah-rah session for the dollar—their reaction was almost appalling. Read ››

HKMA warns public against identity theft website

A website that steals the bank passwords of unwary users has claimed Hong Kong victims and must be avoided. Read ››

Asia not immune to recession

With European markets still struggling, can China's export market save the region's economy? Read ››

Government posts $73.7 billion operating surplus

Hong Kong’s government expenditures and revenues for the year ending March 31 was $7 billion higher than the revised estimate. Read ››

Chan says world financial markets to remain volatile

Hong Kong will remain imperiled in 2012. Read ››

Lack of fuel policy causing India's rising inflation?

An inflation reading of 4.5% y-o-y is expected amid uncertainties. Read ››

Tsang pushes offshore renminbi in Thailand

Financial Secretary John Tsang was in Bangkok yesterday for the last leg of his Southeast Asian visit. Read ››

Tsang on Asian business trips

Financial Secretary John Tsang is on the last leg of a tour to further promote Hong Kong’s advantages as a business destination to a trio of key Asian trading partners. Read ››

Most everything more expensive in Hong Kong again

Living adequately in Hong Kong is becoming more and more of a challenge. Read ››

Hong Kong is perfect for overseas professionals

A recent study reveals that over 90% of professionals surveyed said moving to Hong Kong had improved their career prospects. Read ››

Governor Zhou says Chinese authorities may loosen controls on borrowing costs

A suitable time to implement changes is being negotiated between the People's Bank of China and select government officials. Read ››

Foreign trade free-fall sparks government action

The relentless drop in foreign trade has finally goaded the government to act. Read ››

Hong Kong signs tax pacts with Indonesia and Spain

A pair of tax agreements came into force recently. The Hong Kong-Indonesia agreement for the avoidance of double taxation and the prevention of fiscal evasion became enforceable beginning March 28 after the completion of ratification procedures on both sides. Read ››

Tsang endorses Hong Kong and the renminbi to New Zealand, Chile and Brazil

It’s been a very busy two weeks for Chief Executive Donald Tsang. Read ››

Election results expected to fuel social spending in South Korea

With an amount pegged at USD77.7bn, around 7% of the 2011 GDP, how will this impact the nation's coffers? Read ››

A nice surprise: China's credit data soars high

Total new Yuan loan grew CNY2.46tn in the first quarter, up from CNY2.26tn in Q1 2011. Read ››

HKTDC to launch largest promo campaign in Japan

Hong Kong’s goes massive for its "Think Global, Think Hong Kong" campaign in Japan from May 13 to 19. Read ››

Japan imposes tighter monetary policy

The Bank of Japan prepares to counter the 0.1% slowdown in monetary base and reaccelerate growth by taking on a more conservative approach. Read ››

Is Leung pro-business?

Suspicions he’s not and is really a “closet communist” continue to hound Hong Kong Chief Executive-elect Leung Chun-ying. Read ››

China determined to survive trade setback

Retail sales pad slowdown in merchandise exports and growth is likely to remain in the 15-17% range in the coming months. Read ››

Philippine budget deficit shrinks by a whopping 34.4%

Thanks to modest spending growth coupled with the 13.7% rise in 2M11 total revenues. Read ››

Hong Kong's credit profile dragged by China's country risk

The city state faces rising macro-prudential risks due to a surge in bank lending and housing inflation, says Fitch. Read ››

Business confidence in Hong Kong is waning

Less than half of Hong Kong firms are reporting revenue growth, another symptom of the sagging confidence among the city’s businessmen. Read ››

Will US’s declining economy affect Hong Kong?

The US Bureau of Labor Statistics announced that 227,000 new nonfarm payroll jobs were created by the economy during February. Read ››

Wins still unclear in the Korean market

It's still an open game as the country reports a mixed bag of rebound in the GDP and unexpected declines in exports. Read ››

Temporary break for consumers in the Philippines?

The archipelago entered into a sweet spot of low inflation and higher growth in 2012, but things may soon change. Read ››

China remains profitable for Hong Kong businesses

China still offers growth amidst adversity. Read ››

A look into Leung’s mind

Hong Kong’s Chief Executive-elect Leung Chun-ying has been a media darling since his election Sunday. Read ››