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Group posted revenue growth of 8.01% for carriers’ networks, 43.96% for terminal products and 42.29% for telecommunication software systems, services and other products.

Revenue from IT services provision up 162% as the company puts greater emphasis on IT Services, which paves the way for future growth.

Despite profit drop, the group still optimistic to reach its annual turnover target of HK$20bn by 2015.

Total gross premiums of the Hong Kong insurance industry amounted to $114.7 billion in the first half of 2011.

Market sources say the Macau casino venture aims to raise up to HK$39b.

There were only 1,222 deals for retail, office and industrial property in the said market in July.

The hypermarket operator, which debuted in Hong Kong trading in July, reported $122.7m profit for the first half of 2011.

The company is capitalizing on opportunities brought about waves of informatization.

The group sees more M&A opportunities to arise expediting consolidation of the pharmaceutical industry, and further intensifying competition.

The Mainland-Hong Kong Science & Technology Co-operation Committee meet is part of plan for Hong Kong to further foster innovation capabilities with the Mainland.

The move is part of plan to boost presence in Hong Kong with Islamic funds eyed in follow-through activities.

The draft of Mau Ping Development Permission Area Plan hasw been published, according to the Town Planning Board.

The draft of the Wong Nai Chung Outline Zoning Plan has been amended to involve rezoning a site covering Pioneer Memorial Church and the former Hong Kong Sam Yuk Secondary School at 17A Ventris Road.

The Labour Department drew attention to safety precautionary measures to prevent work accidents by launching the "Work Safety Alert" on its website.

The Siu Sai Wan Complex, winner of the Merit Award of Hong Kong in the Hong Kong Institute of Architects Annual Awards 2010, has been officially opened.

No human swine influenza virus or pandemic H1N1 was detected among 1,300 samples tested by the University of Hong Kong from May to July at the Sheung Shui Slaughterhouse.