Economy
August composite interest rate up to 0.33%
August composite interest rate up to 0.33%
The weighted deposit rate also climbed to 0.32%.
Hong Kong’s GDP up 9.9% to $445.9b in 2Q11
While the country’s GNP increased by 11.1% to $470.2 billion.
Beware of technical recession ahead, warns analyst
Standard Chartered says a technical recession could affect some Asian economies, like Singapore and Hong Kong, by the end of 3Q 2011.
District Council election nominations in
On the first day of nominations a total of 243 forms were submitted.
Second quarter manufacturing production index up 2%
Notable decreases in output volume were recorded in the textiles and apparel industry.
Hong Kong’s second quarter GNP up 11.1%
A net external factor income inflow of $24.3bn was posted.
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.
Read Here
Advertise
Sign Up
Commentary
Medical centre expansion in Hong Kong: How to choose the right location
The Claude ban is a crash course in digital resilience — and that’s good for Hong Kong bankers