Hong Kong

Urban Renewal Authority awards Central Oasis project to AGC Design

Attainment of the highest score in an assessment has given AGC Design the project.

Kowloon City site set for revamping

The site's project area is 1,622 sqm. which the URA wants to redevelop to provide 180 units of 35 to 65 sqm.

Great Harvest first half profit down to US$1.3mn

Dip in performance prompted the group to pursue conservative growth principle and prudent business strategy to capture market opportunities.

China Rongsheng Heavy Industries delivers its first very large ore carrier

The company's first 380,000 DWT VLOC is equipped with self-built main engines in leading technology.

Warning: Another dip into recession looms

Better chances await Hong Kong IF the US avoids dipping back into recession, China stays on course for a soft landing, and the European debt crisis does not spillover globally.

October total exports and imports soar

Yet compared with the three-month period ending October with the preceding three months the value of total goods exports dropped 0.9%.

Lee & Man Paper first half profit down to HK$647mn

Credit tightening measures, softened domestic consumption and faltering export during the period dampened the demand for containerboard in China.

Kingsoft third quarter profit down 12% to RMB74.9mn

The company in undergoing successful product innovation and business transformation with new management team focusing on long-term strategies.

Cathay Pacific adds Sao Paolo and Rio de Janeiro to its network

The new services will offer the airline passengers ease and more choice when travelling to Brazil.

Developers to accelerate sales

Research shows credit costs are about to rise, so developers better raise cash soon.

HKMA grants license to Bank Morgan Stanley

Addition of the lender ups the restricted-licence banks in Hong Kong to 20.

What you need to know about HK banks’ EU exposure

Can HK banks dispel the risks from European banks’ fundings?

Hong Kong and Mainland extends currency-swap pact

The agreement and its expansion seen to allow more flexibility for the development of renminbi business in Hong Kong.

October consumer prices up 5.8%

The Census & Statistics Department said the inflation rate was stable in October after its uninterrupted rise over the past year.

Asia Pacific office rents and prices to stay flat

China continues to buck the trend with growth expected in its office market.