Economy
Hong Kong's June foreign assets up $14.8bn
Exchange Fund bills and notes issued reached $1.05tn while claims on the private sector in Hong Kong amounted to $114.6bn.
Hong Kong's June foreign assets up $14.8bn
Exchange Fund bills and notes issued reached $1.05tn while claims on the private sector in Hong Kong amounted to $114.6bn.
Government keen on proposed Competition Bill
Commerce & Economic Development secretary stressec that the bill will be instrumental in protecting SME’s right to compete in the market.
Philippine remittance hit by Saudi sackings
DBS says approximately 300,000 overseas Filipino workers will be affected by Saudi Arabia’s plans to limit its intake of foreign workers.
Government to subsidize more projects for the elderly
A new phase of the Neighbourhood Active Ageing Project will be launched.
Hot off the press: Fitch warns rising newsprint prices threaten Indian newspaper industry
Fitch says rising newsprint prices resulted to industry margins falling by 14.9% in Q4FY11.
Korea’s central bank to hike up rates to 3.5% in August
HSBC says inflation will drift back down to the central bank’s target range of 2-4%.
Financial Secretary set to visit Canada
Tsang will meet top government officials and local business leaders in 3 Canadian cities to beef up economic and trade relations among the cities..
Foreign currency reserves in June up by US$1.3bn
Reserve reached US$277.2bn at the end of June.
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...
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.
Imminent Hong Kong protests seen as wealth gap widens
CE Tsang’s unpopularity in survey revealing his failure to solve Asia’s biggest rich-poor divide seen to trigger protests.
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.
LPG prices to fall in July
The new range will be from $4.70 to $5.11.
Hong Kong and European Free Trade Association members ink free-trade pact
Trade in services, goods and in investment; and protection of intellectual property are covered in Hong Kong’s first free-trade agreement with the...
Inflation hits 34-month high of 5.2% yoy in May
Though a touch lower than expectations for 5.3%, it still sat above market expectations for 5.0%, says HSBC.
Japan’s import growth shoots to 12.3% in May
Export growth, on the other hand remained negative at -10.3%, says DBS.
Overall consumer prices up 5.2% in May
And inflation is still likely to rise amid higher price pressures.
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