Hong Kong
No place like home
No place like home
Visitors to Hong Kong can now rent a room in someone’s home rather than a hotel room as couch surfing grows up.
35,400 flats not a fixed target for residential flat production
The estimated figure of 35,400 flats refers to the housing land that can be supplied to the market for private residential developments within a certain timeframe.
Fubon Bank 2010 earnings increase by more than tenfold
The operating performance of Fubon Bank and its subsidiaries improved significantly, with full-year 2010 net profits of HK$266 million. The figure represents more than tenfold increase from the HK$23 million reported in 2009.
Hong Kong jewellery show attracts record 37,000 buyers
The HKTDC Hong Kong International Jewellery Show attracted a record number of 37,000 buyers in its five-day run at the Hong Kong Convention and Exhibition Centre.
Financial secretary says revised budget has people's support
Financial Secretary John Tsang says he believes the citizens support his revised Budget measures.
Govt seeks approval to submit revised interim funding motion
The government will submit a revised motion seeking a $60 billion interim funding allocation for initial expenditure.
Upgrading works scheduled on Stonecutters Island Sewage
A $2,386 million contract has been awarded for for upgrading the Stonecutters Island Sewage Treatment Works.
FEHD raids unlicensed food factory in Mong Kok
The Food and Environmental Hygiene Department raided an unlicensed food factory in Canton Road near Argyle Street in Mong Kok, Kowloon. It arrested two women, aged 30 and 41, and seized about 300 kilogrammes of food and some cooking paraphernalia. The two women are now assisting with investigations. The unlicensed food factory operated by distributing takeaway order fliers under a fictitious name in the street. Meal boxes would be delivered to customers after orders were placed by phone. Under the Food Business Regulation, the maximum penalty for operating an unlicensed food factory is a fine of $50,000 and six months' imprisonment. "We will continue to take stringent enforcement action against unlicensed food business to ensure food safety and protect public health," an FEHD spokesman said.
China WindPower profit up 135% to HK$427.22mn
Wind Power Generation in the same period triples to over 1.1bn Kilowatt-hours as aggregate wind power generation capacity in operation surged to 1GW.
HSBC unveils 3 new business centres
The lender will invest HK$75mn to expand network in coming three years and additional 48,000 sq. ft floor space this year.
JP Morgan named Margaret Yao as Asia Pacific Regional Sales Executive
She will continue to be based in Hong Kong and will report to Tom DuCharme, Chief Executive Officer, Asia Pacific, Treasury & Securities Services.
Airfreight will be one of the big drivers of Hong Kong's future success
Hong Kong is one of the key gateways to the Mainland and the airfreight market will be driven by what's happening in Mainland China.
Total port cargo throughput rose 10%
Port cargo throughput increased to 267.8 million tonnes as inward and outward port cargo rose 11% and 10% respectively.
Hong Kong will be among the fastest growing international freight markets from 2009 to 2014
Asia Pacific commanded about 45% of the global airfreight industry in 2010, said IATA.
Central Government to further upgrade Hong Kong's status as international financial centre
The draft National 12th Five-Year Plan highlighted the role of Hong Kong in the country's development.
Yuen Long site sold to Carlford Investments for $2.41bn
The site has an area of about 12,340 square metres and is designated for non-industrial purposes.
Hong Kong foreign currency reserves dip by US$500mn
Hong Kong’s official foreign currency reserve assets worth US$272.7bn represent 54% of Hong Kong dollar M3.
Commentary
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