Hong Kong

Volume of goods exported in July up 1%

Volume of goods exported in July up 1%

The price of total goods exports up 8.1%, while that of goods imports surged 8.4%.

Hong Kong second quarter credit card transactions up 0.2%

But the number of debit cards in circulation in relation to retail sales and bills payments down 1.2% to 27.1mn.

Asia Pacific lags behind in employee performance management

North American companies came out on top at every basic performance management practice.

Air China August passenger capacity up 4%

But its cargo load factor suffered a decrease of 1.6 percentage points.

HKMA chief woos UK investors

Chan positions Hong Kong as best gateway to take part in China’s economic boom.

Hong Kong support R&D firms—official

British companies persuaded that they can benefit from packages offered by Hong Kong and China.

Hotel rates in Hong Kong 11th most expensive worldwide

And average room rates in Asia Pac rose by 7%, overtaking Europe’s hotel rate growth.

Place your bets: The Venetian is the strongest casino brand in Macau

It attracts better players with a higher gaming and non-gaming budget, according to a survey.

Government to abolish District Council appointments

It will be done in phases through a transitional period.

Labour chief attends APEC summit

Secretary for Labour & Welfare Matthew Cheung will also speak at the High-Level Policy Dialogue chaired by US Secretary of State Hillary Clinton.

Quintessentially Asia magazine to be launched on September 28

It will be available in Hong Kong, Singapore and on the Chinese Mainland.

Hong Kong vies to become the offshore renminbi centre for global businesses

The government presented in London to attract European firms to use Hong Kong’s renminbi financial platform.

Exchange Fund foreign assets up to over HK$2 trillion

External assets of the Exchange Fund increased by HK$33b as of end of August.

Drainage department awards $528M for treatment works

The Drainage Services Department has awarded a $528 million contract for upgrading the preliminary treatment works at Sandy Bay, Cyberport, Wah Fu, Aberdeen and Ap Lei Chau.

Powerlong’s contract sales disappointing at RMB2.3b in 1H 2011

Moody’s says its new private debt placement of HK$1b won’t impact its negative outlook.

Citic Securities sets price guidance for Hong Kong listing

The publicly traded brokerage will price the shares at between a discount of 13% to its Shanghai-listed shares and a premium of 3%.

Hong Kong weathers economic headwinds from the West

Analysts forecast the city’s GDP growth to reach 4.9% in 2012.