Hong Kong

Xinyi Glass conducts trial run of 3rd float glass production line at Jiangmen

Xinyi Glass conducts trial run of 3rd float glass production line at Jiangmen

The group aims to meet the enormous demand in automobile glass from the global market as it target melting capacity in 2011 at 2.61mn tonnes.

Wai Yuen Tong Medicine Building in Kowloon Bay for sale

Aside from the property earning secure rental income by the long period of tenancy agreement of Wai Yuen Tong, the property is also in a prime office and retail location.

MGM Hospitality to expand in Hong Kong

Aside from Hong Kong, the company plans to enter in 7 other Asian countries through its Bellagio, MGM Grand, and Sky Lofts brands.

HKMA warns of deposit and lending rate increase

The supply and demand of the Hong Kong dollar in the local banking system is the key factor behind the change in deposit and lending rates.

Kaseya to acquire Intellipool

The purchase is expected to further Kaseya’s move into network performance monitoring.

URA to begin Ma Tau Wai Road-Chun Tin Street lot acquisition

Owners of the 3,377 square metres project area will be offered $9,785 per sq.ft. while its 143 tenants and owners have so far been given assistance.

AV Concept takes over Korea’s Fairchild Semiconductor

The move aimed to further strengthens distribution network in East Asia and creates synergy with LED business.

Dragonair and JW’S California to provide innovative Western dishes onboard

A number of popular dishes highlighting the perfectly executed contemporary cuisine of JW’s California will be offered for First and Business Class passengers.

Asia’s first quarter office rental growth up 1.7%

Apart from the existing upsides, the Colliers International report shows growing inflation pressure is the market’s major uncertainty.

Online shopping complaints in Hong Kong up 230% to 439

Consumer Council warns internet users to pay via a reputable third party payment gateway.

First quarter credit card receivables down 4.4%

Yet the amount of borrowing by customers using their credit cards up 0.2% at the end of March.

Hong Kong April foreign assets up by $27.5bn

The monetary base amounted to $1.05tn, while claims on the private sector, reached $134.9bn and foreign liabilities, $500mn.

Hong Kong first quarter real GDP up 7.2%

The economy is poised for a real growth of 5%-6% for this year, up one percentage point from February forecast announced in February..

China Telecom and RIM launch BlackBerry Services for Chinese SMEs

Companies introduce BlackBerry Internet Service for small business customers, enabling users to send and receive email from up to 10 supported work and personal email accounts.

Air China April passenger traffic up 12.7%

Despite launching two new domestic flights between Hangzhou and Beihaion April 20 and between Wuhan and Hohhot, the carrier's international routes decreased by 1.3 percentage points.

Cathay Pacific and Dragonair April passenger volume up 4.1% to 2.26mn

Regional demand from Hong Kong surge behind Easter holiday while demand on North American and Southeast Asian routes remained robust.

Minmetals Land four months revenue soars 1100% to RMB1.81bn

The Company further enhanced its nationwide positioning through its 11 projects under development, located in 8 tier-1 and core tier-2 and tier-3 cities.