Hong Kong

Hong Kong first quarter GNP up 7%

Total factor income inflow was estimated at $228.4bn, equivalent to 50.6% of GDP, up 13.9% over a year earlier.

Hong Kong first quarter GNP up 7%

Total factor income inflow was estimated at $228.4bn, equivalent to 50.6% of GDP, up 13.9% over a year earlier.

First quarter construction works up 20.2%

Private residential building projects contributed the most to the growth of gross value of construction works at private-sector sites, which totalled $7.3bn.

Hong Kong’s fourth quarter industrial indices up

Industrial production for manufacturing industries as a whole increased 3.5% in the first quarter while producer price index surged 8.2% in the same period.

Prada upbeat on HK IPO despite global market turmoil

Prada SpA and its bankers said recent turmoil in world stock markets won't weaken their upcoming Hong Kong IPO.

Hung Hom restaurant slapped with suspension

The Director of Food and Environmental Hygiene has ordered a restaurant in Hung Hom to suspend business for 14 days. The restaurant operator, who repeatedly failed to store open food properly on the premises, was in breach of the Food Business Regulation.

Taiwan's DrinkaZine sports drink banned

 The Centre for Food Safety will prohibit the import and supply of DrinkaZine Energy Watt Sports Drink.

HSBC Private Wealth Solutions appoints 3 new chiefs

HSBC Private Bank’s international trust and fiduciary arm has strengthened its global management team with several new appointments.

China Everbright Bank may postpone its initial IPO date

Market sources say this is due to market volatility.

Land to be supplied for 20,000 residential units

Three development projects will invite tenders within 2011.

Cathay Pacific launches Abu Dhabi service

The airline provides enhanced access to China, UAE’s second largest trade and economic partner.

United unveils first mobile boarding pass in Hong Kong

Carrier introduces travel experience that enhances convenience of customers flying from Hong Kong.

HKAB to implement new set of credit card reforms

Hong Kong Association of Banks will implement the second batch of 11 credit card reform measures.

Competition among publishers sought through textbook review

Under Secretary for Education Kenneth Chen says the Government will improve the inspection of textbooks to lower the threshold for new textbook publishers. Introducing competition in the textbook industry will provide better quality and more reasonably priced teaching materials to schools.

HK signs customs pact with South Korea

Commissioner of Customs & Excise Richard Yuen today signed agreed minutes for closer co-operation with Korea Customs Service Commissioner Yoon Young-sun.

Minmetal Land’s five month contracted sales soars 400% to RMB2.1bn

The developer plans to construct 1.79mn sq.m GFA this year, most of which are to be launched in the second half of the year.

Dragon Crown’s Hong Kong Public Offer shares 38.5 times oversubscribed

The estimated HK$275.1mn net proceeds from the Global Offering at fixed price of HK$1.10 per share will be used for phase 3 of its Nanjing development.

Cathay Pacific names Philippe de Gentile-Williams Director of Service Delivery

The airline also made other key appointments within itself and its subsidiaries apart from de Gentile-Williams’.