Hong Kong
Four steps to taming the data explosion in Hong Kong - Part 2
Four steps to taming the data explosion in Hong Kong - Part 2
In the second half of our two-part series, I highlight the remaining steps businesses should take to effectively control their data.
How Social Adoption impacts Hong Kong businesses
Hong Kong currently boasts an impressive 16.4 million mobile subscriptions, with 71% social media penetration and a cumulative average online presence exceeding 5.5 hours per person, each day, according to latest insights from We Are Social.
Gross national income inched up 3.5% to $537.3b in 1Q14
GDP also jumped 4.6%.
Credit card circulation crept up a measly 0.1%
But card transactions edged down.
Employment growth remains miniscule at almost 0%
Job cuts in finance are the culprits.
Private consumption drops to measly 2%
It’s going to fall further.
Account surplus reach HKD47.6b
It is swinging back.
Fixed investment up to 3% in Q1
It remains a key driver of growth.
Exports falls to 0.7% in Q1
But there’s still hope.
3-month HIBOR hits 0.4%
It is expected to remain low.
Lantau development strategy under way
Proposals were being explored.
Tsz Wan Shan restaurant closed
Suspension is for 2 weeks.
HK startup sets up a site enabling people to donate to charities using bitcoins
That’s at almost zero transaction fee.
Median household income grows 6.2% in Q4 of 2013
Income of household in private housing stagnates.
Fiscal surplus plunges to 6% of GDP
It’s not a problem.
CCL dropped 4.4% since March
Luxury property prices continue to ease.
Loans hike by 11.5% in 2014 first quarter
But don’t expect strong expansion.
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Strategic location tips for playgroups and education centres