Hong Kong

HK approves 49 building plans in February

HK approves 49 building plans in February

Hong Kong's Buildings Department approved 49 building plans in February, with 17 on Hong Kong Island, 16 in Kowloon and 16 in the New Territories.

HK Health Protection Scheme to give benefit to those who are least likely to take out insurance:Mercer

The healthy and able bodied, who will be needed to subsidize the HPS, have no clear incentive to voluntarily sign up.

Government granted $2.3mn in quake aid

A Disaster Relief Fund has been approved for two relief agencies to undertake aid projects for earthquake victims in Yunan Province and in Japan.

Escalating cost for HK's office spaces drives demand for Grade B Buildings:Colliers

Spiking rental for commercial spaces in HK has recently raised the question mark on the continued attractiveness of HK as the destination for Asia setup.

HSBC Global Asset Management announces senior appointments for institutional business

Patrice Conxicoeur and Julie Koo are appointed as Global Head of Isurance Coverage and Head of Institutional Business, Asia Pacific, respectively.

MTR fares to increase by 2.3% in June

The fare hike is due to the Fare Adjustment Mechanism which is linked to the y-o-y percentage changes in the Composite inflation and Nominal Wage Index for transportation.

Hong Kong recorded trade deficit of $25.1bn in February 2011

This is equivalent to 9.9 per cent of the value of imports of goods.

JP Morgan appoints Timothy Lee as Head of Treasury Services Hong Kong

In this new role, Lee will be reponsible for overall client experience.

Hong Kong atmosphere, water remain safe

Radiation levels in Hong Kong's air and drinking water remain normal.

Renminbi market sees robust growth

Further development and more offering of investment products are expected in Hong Kong.

HK to prohibit food from five Japanese prefectures

Hong Kong will prohibit imports of Japanese food from five prefectures in Japan. They are Fukushima, Ibaraki, Tochigi, Gunma and Chiba.

Munich Re profit target of EUR2.4bn no longer achievable

Its claims payments for the devastating earthquake and tsunami in Japan will total some EUR1.5 billion.

Hong Kong food supply stable

Japanese products constitute only a small portion of Hong Kong's food imports.

One in three Hong Kong finance professionals dissatisfied with 2010 bonus increase

Hong Kong-based finance professionals received an average bonus increase of 25% for 2010 compared with the previous year but 33% are dissatisfied with their 2010 bonuses.

Use of exit interviews vital to effective staff management

The move may be seen by existing employees as a sign of positive culture.

Hong Kong and Portugal ink tax agreement

Investors and tourists of both parties to pay lower taxes and transport fees under the pact.

Hong Kong posts $30bn BOP surplus in fourth quarter

Visible trade deficit rises to $88.9bn in fourth quarter 2010 as imports of goods increasing faster than exports.