News
Current account surplus to widen to 3.5% for next 2 years
Trade balance will still be deficit.
Ma On Shan land price plunges 18%
It’s on the low end of revised estimates.
2013 budget hit record surplus of 0.6% of GDP
Expenditure was lower than expected.
HK market volatility to bear the brunt if US tightens monetary policy
Growth prospects still hinged on US, PRC.
Gaming exceeds records at $99.2b in 1Q14
This is despite mediocre growth in March.
Foreign currency assets hit US$316.8m by end-March
It jumped US$9 billion.
Lohas Park Phase 4 to bring in 1,600 housing units
17 developers are now interested.
MTR fares crept up another 3.6%
It was based on inflation and wage increase.
23,000 units await building plan approval in Hong Kong
It might take 2.5-3 years.
Qantas unveils 300-seater Hong Kong Lounge
Travel experience to reach new heights.
HK real estate investment pushed to $21.17b in 2013
High transaction volumes also expected in 2014.
Swire Properties' underlying profit falls 8% to HK$6.3bn
But rental income rose.
HK economy grows steadily at 2.9%
It is bolstered by private consumption.
54.3 million tourists flocked to HK in 2013
Majority of them are from China.
Net service exports soar 33%
All thanks to economic recovery.
Rent, food costs push CPI inflation to 4.3%
This is despite cooling of property market.
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