Economy
Volume of goods exported in July up 1%
Volume of goods exported in July up 1%
The price of total goods exports up 8.1%, while that of goods imports surged 8.4%.
HKMA chief woos UK investors
Chan positions Hong Kong as best gateway to take part in China’s economic boom.
Hong Kong support R&D firms—official
British companies persuaded that they can benefit from packages offered by Hong Kong and China.
India’s inflation alarming at 9.8% in August
The country’s inflation woes clearly won’t go away anytime soon.
Japan’s economy yet to recover from quake
The country’s GDP growth is set to post a mere 1.2% in the second half of 2011, bringing full-year GDP close to 0%.
Government to abolish District Council appointments
It will be done in phases through a transitional period.
Exchange Fund foreign assets up to over HK$2 trillion
External assets of the Exchange Fund increased by HK$33b as of end of August.
Hong Kong weathers economic headwinds from the West
Analysts forecast the city’s GDP growth to reach 4.9% in 2012.
Philippine exports down 1.7% in July
Even though electronic shipments plunged by 21.3%, all other aspects of exports have been doing well.
India’s industrial production disappoints at 3.3% in July
HSBC blames the volatile capital goods segment for the slower growth in production.
Is the bottom near for Asian economies?
Analyst said it’s difficult to be bullish amidst events in Europe and the US.
China’s industrial production plunges to three-month low of 13.5% in August
Production activities of heavy industries dropped from 14.5% in July to 13.5% in August.
Outlook for Philippine exports cloudy: DBS
As the export number for July will likely register negative growth of 6.8%, marking the third consecutive month of contraction.
Retail industry records biggest rise in business receipts
Boost was from what was described as “vibrant” local consumption demand and tourist spending.
Hong Kong’s second quarter service industries receipts surge
Yet business receipts in import and export trade fell 4.9% and financing (except banking) by 3.9%.
“Hong Kong’s banks are well capitalized”: Nelson Man
He said there is no immediate need for Hong Kong’s banks to raise capital amidst the debt crisis in Europe.
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Strategic location tips for playgroups and education centres