In Focus
Value of Hong Kong total exports up 21.5% in March
Value of Hong Kong total exports up 21.5% in March
Re-exports value grew 21.7% to $275.1bn while the value of domestic exports up 11.6% to $6.4bn.
Office and retail sectors remain highlighted in Hong Kong’s property market
The two sectors are eyed as market focus, with prospective rental growth of 25% in 2011 for the Office Sector and 20% for Retail Sector.
Hong Kong businessmen optimistic on second quarter
Yet the prevalence of optimistic business expectations among respondents remained unchanged as the proportion of respondents with a favourable business outlook rose up 26%.
Inflation rose to 4.6% in March 2011
The year-on-year rate of increase in the underlying inflation rate in March was 4.4 per cent.
Unemployment rate fell to 3.4% in 1Q 2011
The labour force expanded by 3,100 from Dec-Feb period to the Jan-Mar period, and the job market absorbed more than half of the increase, with total employment up 1,800.
MPF recorded 5.5% return
The annualised rate of return recorded by the MPF system outperformed the 0.7% average annual inflation rate and the 1% one-month Hong Kong dollar deposit rate over the same period.
Monetary Authority warns public to manage interest-rate risks properly
HKMA predicts Interest rates to go up as Hong Kong is seen to follow several Asia economies raising of interest rates to combat inflation.
Tobacco duty to increase by 41.5%
The Government tabled the Dutiable Commodities (Amendment) Bill 2011 at the Legislative Council.
Hong Kong and China join forces to boost IT collaboration
Under the National 12th Five-Year Plan will also explore further collaboration between the laboratories of Mainland and Hong Kong approved under the Partner State Key Laboratory Programme.
Hong Kong still the world’s costliest place in prime office rental
Widening gap between the first and second highest office occupancy costs seen as prices continue to soar.
Inflation to accelerate further at 4.7% in 2011
Consumer price inflation rose to a two-and-a-half year high of 3.7% in February.
Hong Kong, Mainland issuers led global IPO activity with 110 deals
This accounts for 38% of total deals globally and valued at US$18.3 billion.
Hong Kong PMI expands for 21st straight month
PMI bounced back from the Lunar New Year into solid expansion territory as the March headline PMI jumped to 54.9.
Property sales jumped 6.3% in March 2011
On a month-on-month basis, property sales increased 8.9 per cent.
Number of expats from Japan to surge in 2011
The Immigration Department processed 270 applications between March 17 and 31.
Government tightened drug laws
This is to prevent the abuse of new-trend psychotropic drugs and to hinder the production of ketamine.
Government protects workers from excessively low wages
The Labour Department will offer aid to grassroots workers who are having problems after the launch of the statutory minimum wage.
Commentary
Progressive rating system to impact mid-to-luxury residential properties in Hong Kong