Hong Kong

Deals to supply 228 train cars for the Malaysia Intercity Urban Rail Project and 32 train cars for the Izmir Light Rail Transit Project in Turkey.

Deloitte had called for a 150% deduction (up from 100%) on office rental expenses for SMEs.

Global Sources has extended its contracts with AsiaWorld-Expo Management to host China Sourcing Fairs at Hong Kong's AsiaWorld-Expo from 2011 through 2014. This is in addition to the renewed contracts announced in June 2010, representing a total gross value of approximately US$16.7 million.

Hong Kong's top financial official proposed measures to smooth further economic development while curbing foreseeable inflation and property bubbles. This is in addition to actions for livelihood caring.

The benchmark Hang Seng Index closed at 22,906.90, down 83.91 points, or 0.36 percent, after fluctuating between 22,837.09 and 23,055.47.

4Q 2010 GDP is projected to have advanced 5.0% y-o-y compared with 6.8% for 3Q10.

Food inflation should be one of those leading the charge – already at a 23-month high in Dec 2010, Hong Kong’s food prices look set to rise further.

Overall consumer prices rose 3.6% in January over a year earlier, higher than December's corresponding increase of 3.1%, the Census & Statistics Department says.

Upon completion of a technique update, GCL Poly's polysilicon capacity will be raised by 25,000 tons to 65,000 tons by summer 2012.

Moody's ascribes the strength of growth in many Asian economies in recent years to the benefits of increased integration with China.

The Government wants to find out public’s reaction on Government's initiative to offer tax exemptions to offshore funds engaged in futures trading.

Feat highlighted the company’s potential in its Concessions in the oil producing country.

Growth is driven by Chemical Business as it capture business opportunities that arise from China’s economic growth.

The Chief Executive in Council has approved the government's plan to relax the criteria for assessing the financial eligibility of legal-aid applicants.

However, underemployment rate continued to show no improvement as it remained at 1.8 percent.

The company also plans to raise HK$359mn through news share new share subscription aside from buying rights of "Pleasant Goat and Big Bad Wolf".