Hong Kong

China Environmental Technology enters into environmental protection framework agreement

The company to invest in Xi’an Chanba Ecological Zone Project Milestone to diversify business.

URA takes role of redevelopment facilitator

They will assist in the urban renewal and tackle the problem of urban decay in old dilapidated areas.

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.

Hong Kong International Airport flight movements rose 15.5% in March 2011

Flight movements rose to a monthly high of 28,140 and a new single-day record of 971 flight movements was also set on March 31.

Microbial contaminated protective wipes and adhesive removers recalled

The DH endorsed Smith & Nephew Limited's proposal to recall eight types of its devices imported from the States because of potential pathogenic contamination.

AFCD cracks down on illegal online animal trade

The Agriculture, Fisheries and Conservation Department cracked down on an internet-based illegal animal trading activity in Kwun Tong. Forty-three puppies were found at the scene. They were in poor health condition and have been sent to Society for the Prevention of Cruelty to Animals for treatment.

Land transactions numbered at 17 for 1st quarter

The Lands Department registered 14 lease modifications and three land exchanges in the Land Registry in this year’s first quarter.

Trace amount of iodine, caesium detected in King's Park

The minute amount of artificial radionuclide Iodine-131 and caesium-137 has been detected in an air sample collected at King's Park.

Cathay Pacific and Dragonair March passenger volume down 2.8%

Fall in demand on Japanese route after the devastating earthquake contributed to the slight dip in number of passengers.

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.

HSBC completes energy hedging trades

Successful completion of hedging trades corresponds with growing demand as it provides clients with enhanced risk management and investment solutions.

Exchange Fund foreign assets down $5.6B

Foreign assets of the Exchange Fund's shrank by $5.6 billion from February to $2.0869 trillion in March, according to the Monetary Authority.

Asia’s largest spring electronics fair attracts record turnout

Three international trade fairs, including Asia’s largest spring electronics show, opened and will continue through 16 April at the Hong Kong Convention and Exhibition Centre.

Legislators approve proposal to give $6000 to each adult Hong Kong permanent resident

The proposal was passed by 34 votes, with 11 abstentions and none opposed.

Tobacco duty to increase by 41.5%

The Government tabled the Dutiable Commodities (Amendment) Bill 2011 at the Legislative Council.

HK to suspend avian importation from South Africa

The Centre for Food Safety has suspended processing applications for imports of poultry, game birds and their products from the Republic of South Africa with immediate effect until further notice.