Hong Kong
Golden Resorts acquires Kingston Financial Group
Golden Resorts acquires Kingston Financial Group
The group expands financial operations to consolidate its position as leading Chinese financial group, operating in China, Hong Kong and Taiwan.
Xinyi opens solar glass production line in Tianjin
The glass maker expands northern China market focusing on float glass and solar glass.
Pacific Andes’ operations unaffected by Japan radiation leakage
The group has not sourced any materials and products from Japan in the past three months.
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.
IMAGI completes acquisition of Toon Express Group
The deal further promotes popularity of its animation brands through new commercial arrangements
Contract staff will be given paid rest days
Companies tendering for government service contracts must comply with the statuory minimum wage rate, and include one paid rest day a week.
Dragonair releases updated Japan flight schedules
The carrier to operate five weekly flights to and from Hong Kong and Fukuoka, while its twice-weekly Okinawa service to resume on 3 July.
Fortune REIT refinances its HK$3.8bn current loan facilities
The company enhanced its new facilities will bear a 0.91% per annum interest margin and will mature on 11 April 2016.
Overall business payment performance in Hong Kong improves
Yet future uncertainties brought about by geopolitical tensions in the Middle East and repercussions from Japan earthquake may bring down overall confidence in buyers’ payment ability.
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.
HKMA warns rapid credit growth unsustainable
The agency plans to boost monitoring of the business plans and funding strategies of authorised institutions as banks’ HK dollar loan-to-deposit ratio rose from 71% to 78%.
Experts discuss optimal use of medical devices
Experts from WHO and Western Pacific countries are meeting in Hong Kong to discuss a draft strategy for the optimal use of medical devices.
Hospital Authority to recruit 330 doctors
Secretary for Food & Health Dr. York Chow says the Hospital Authority plans to recruit about 330 doctors in the current fiscal year.
Secretary for Commerce and Economic Development Rita Lau resigns
She tendered her resignation to the Chief Executive for health reasons.
Higher tax registration to contain private car growth
Private cars are a less efficient mode of transport, said the Transport & Housing Bureau.
Warning issued against benzocaine products
An alert has been issued on the use of benzocaine products due to its potentially fatal side effect by the Department of Health.
Construction of cruise terminal now underway
The foundation stone laying ceremony for the Cruise Terminal Building at Kai Tak today, which will berth the largest cruise vessels in the world, was officiated by Chief Executive Donald Tsang. He was joined by Acting Secretary for Commerce & Economic Development Gregory So and Secretary for Development Carrie Lam. The Government funded its design and construction. The terminal and first berth will open in mid-2013 and will be leased for management and operation. The second berth will be commissioned in 2014 after dredging works on the seabed are completed. The terminal will feature environmentally friendly facilities to provide world-class services to passengers, with a commercial area of 5,600 square metres and a landscaped deck with open space for public enjoyment.
Commentary
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