Economy
It doesn't end with pork: Hong Kong’s inflation shoots to 35-month high
It doesn't end with pork: Hong Kong’s inflation shoots to 35-month high
The country’s consumer price inflation rose to 5.6% yoy in June.
Hong Kong consumer prices up 5.6% in June
Only the durable goods sector suffered a 3.7% drop in prices.
Exchange Fund posts $46.3bn income during the first half
The fund rakes in $43.6bn net investment income amidst the asset markets’ volatility in the first half of the year.
Tightening bites: China’s Flash Manufacturing PMI drops to 48.9 in July
This is the first time flash PMI fell below 50 in a year.
China's strong GDP pushes metal prices higher
Zinc becomes the star performer, surging 13.3% in June.
June exports up 2.7% while imports rise 5.1%
Yet the volume of re-exports dipped 5.3%, while domestic exports volume fell by 10.3%.
Happy Birthday: The Offshore RMB turns one
From a RMB90bn weakling at birth this monster baby now weighs in at a massive RMB549bn deposit base supporting an actively traded currency and money...
India’s industrial production slows to lowest growth in 9 months
A weak 5.6% growth rate is just the beginning of a slowdown according to RBS
Hong Kong now has more than 900k registered companies
77,991 new local companies were registered during the first half of this year, an increase of 8.53% from 71,861 in the second half of last year.
Bankruptcy petitions down by more than 15%
Total number of bankruptcy petitions was 4,086 for the first six months of 2011.
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..
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