Hong Kong
Broadcasting Authority invites scrutiny of Radio Codes of Practice
Broadcasting Authority invites scrutiny of Radio Codes of Practice
The Broadcasting Authority invites the public to express their views on its proposed Radio Codes of Practice. It relates to standards of ancillary visual service to be provided in conjunction with the digital audio broadcasting service, currently expected to be launched later this year.
New arbitration ordinance takes effect on June 1
The new Arbitration Ordinance will come into operation on June 1, 2011.
Hong Kong entered 2011 as the most expensive office location in the world
Occupancy costs per workstation in Hong Kong's prime district of Central and Admiralty surged by 31% year-on-year in 2010.
Headline PMI eased to 53.7 in February 2011
February new orders fell to 54.1 from 58.1 in January while February employment index jumped to 52.6 compared to 51.1 in January.
Each Hong Kong permanent resident to receive $6,000
75% reductions in salaries tax and tax under personal assessment, capped at $6,000, will also be given to each permanent adult.
Building sales dropped 7.6% year-on-year in February 2011
A total of 12,401 sale and purchase agreements for building units were received in February.
Dragonair to increase flights to southern Taiwan city and Mainland China
The number of flights to the southern Taiwan city will rise from 32 per week to 42.
Minimum MPF income may rise to $5.5k
If the move is approved, Statutory Minimum Wage implementation will not cut the take-home pay of workers whose current monthly income is fewer than $5,000.
HKEx 2010 profit up 7% to HK$5.04bn
The exchange is cautiously optimistic on the global economy in 2011 as problems in US unemployment, Europe sovereign debts, and Middle East political condition may impede recovery.
Dragonair boosts flights to Kaohsiung and 5 China cities
The airline capitalizes on escalating demand to and from Mainland China and Taiwan since last year.
SFC, HKMA and StanChart reach agreement on Lehman Brothers notes
The SFC and the HKMA has reached an agreement with Standard Chartered Bank in relation to the bank's distribution of equity linked structured notes.
Hong Kong's role as global financial centre highlighted in New York
Hong Kong has a unique role in helping US-based financial services businesses grow in China and the rest of Asia. This was emphasized by Under Secretary for Financial Services and the Treasury, Ms Julia Leung.
Bulgarian businessmen encouraged to seize Hong Kong opportunities
Bulgarian businessmen were informed how Hong Kong can help them expand to China and Asia.
Xinyi Glass 2010 profit up 103.1% to HK$1.57bn
Te company proposes spin-off listing of solar glass business in Hong Kong to step up growth.
Samling Global second half profit up 33.9% to HK$276.5mn
Sustains growth due to strong demand in China and India markets especially for logs which recorded increased sales volume and selling prices.
Retail sales volumes to advance 16.2%
The increasing gap between value and volume growth - from 1.4% in Sep 2010 to 2.6% in December 2010, reflects growing inflationary pressure.
Social welfare spending up 11% this year
Education, social welfare and health care will account for $137 billion in total.
Commentary
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