News
Foreign currency reserve assets rocket to US$321b
It represents 55% of HK dollar M3.
Betting law to get a revamp in 2Q13
A flat betting duty rate of 72.5% is proposed.
Hong Kong goes to Hokkaido
Delegation promotes advantages of Hong Kong to Hokkaido businessmen.
Hong Kong strengthens HIBOR mechanism
Measures intend to boost HIBOR’s transparency and robustness.
3 reasons to believe Grade A office market is poised for a rebound in 2013
Rents have fallen 2.3% in 4Q12.
Office sales transactions worth $30M or over surge 111% QoQ
Overall net-take up more than trippled.
Over 1 in 5 Hong Kong workers give up sleep for work
They do the same for personal activities.
Employers urged to prioritise hiring local workers
Jobs, salaries and benefits for locals is government policy.
HIBOR to intensify fixing mechanism: HKMA
To improve its transparency and robustness.
GST looms in Hong Kong
New tax will pay for huge number of public housing being built.
Rising household debt imperils Hong Kong
Another problem on top of an overheated property market.
Hong Kong government seen to record yet another year of sizeable fiscal surplus
Hang Seng Bank forecasts more than $60bn surplus.
Hong Kong to report strongest quarterly growth since 2011 in 4Q: Hang Seng Bank
But it warns that it doesn't mean the economy's taking off.
Hundred of travelers affected by local travel agency's shutdown
Damage is estimated at $360,000.
2 proposed sites for public housing revealed
One of the sites could yield 2,300 flats.
HKMA worried over a looming surge in household debt
It fears it may hit 59% of GDP.
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