Economy
Inflation hits 34-month high of 5.2% yoy in May
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.
HSBC: No slowing down in Hong Kong inflation
Price drop in energy has limited effect on inflation rate as transport makes up for only 8% of Hong Kong's composite CPI basket.
Hong Kong March workforce up 3%
Yet employment drops in the manufacturing and wholesale sectors by 6.1% and 0.3%, respectively.
Hong Kong first quarter GDP up 7.2%
Robust momentum in external trade regained in the first quarter boosted GDP from 6.4% in the previous quarter.
Thailand and Malaysia need to make urgent reforms
If not, problems lie ahead, say Morgan Stanley
Consumer inflation up, says forecast
This is said to be driven by ongoing surge in housing rents.
29% of Hong Kong’s China exports for outward processing
$125.1bn of Q1 total exports to China were for outward processing, up 18% over last year.
China’s GDP growth forecast for 2011 falls to 8.7%
Credit Suisse says food and services inflation will rise.
Eligible residents to receive $6,000 handout
$38 billion is set to be approved for the “Scheme $6,000”.
Exports down 4.3%
This as domestic exports saw an 8.3% decline.
China’s inflation shoots to 34-month high of 5.5% in May
This is due to the higher than expected food inflation which increased to 11.7%.
Export weakness looms
This as leading indicators are said to be turning down again.
Inflation is intensifying as projected: UBS
Accelerating cost pressures are said to be driven by HKD weakness, rising Chinese inflation, continued asset reflation, and domestic credit expansion...
Private consumption to grow 6%, says analyst
This is due to the one-off cash handouts to the consumers in this year’s revised budget.
Hong Kong government pushes for Mandatory Provident Fund hike
The government proposes increase the monthly minimum income level to $6,500 from November and the maximum level to $25,000 from June next year.
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