News

Hong Kong February inflation rate up 3.7%

Hong Kong February inflation rate up 3.7%

Economists see inflationary pressure to further increase in the coming months as global food and commodity prices remain elevated.

33% of HK hotel price increase reflects economic comeback

Last year, Hong Kong average hotel room rates rose by 33% or $929, compared to a 2% global average.

China Gas bags 8 city gas projects in Huoqiu County

The company also purchases LPG carrier Panva Gas to actively expand LPG business.

Hong Kong inaugurates electronic incorporation service

People can now incorporate companies and apply for business registration through the e-Registry portal.

Lenovo joins forces with Shanghai Oriental Media Group

The PC maker establishes JV with BesTV in mobile internet cloud video service.

34% of HK’s exports to China for outward processing

For the entire 2010, 32% of Hong Kong's total exports to the Mainland were for outward processing; the figure was 19% for domestic exports and 33% for re-exports.

Tight labour market conditions to further fuel wage inflation:HSBC

The recent unemployment rate surprised markets to the positive side in February.

HK is ideal offshore renminbi centre

For overseas businesses wanting to boost their trade and investment ties with the mainland, Hong Kong is the ideal offshore RMB centre.

Dragonair to give refund for tickets between Hong Kong and Japan

Passengers holding tickets issued on or before 11 March 2011 with departures to and from Fukuoka and Okinawa will be eligible for a refund.

2011 salary survey shows who earns what: Robert Walters

The Hong Kong job market remained robust despite financial crisis and Robert Walters reveals who earns what.

Insurance gross premiums increased by 11.6% in 2010

Total gross premiums of the Hong Kong insurance industry in 2010 were $207.2 billion.

Construction output up 9.9% in 2010

The total gross value of construction works main contractors performed last year increased 9.9 per cent from 2009 to $110.9 billion.

Exchange Fund foreign assets grew to $2.09tn in February 2011

An increase of $53.1 billion was seen on the previous month.

Japan economy to remain resilient in quake aftermath: DBS

Government borrowing is sure to rise and given Japan’s already high (1.8x to 1.9x) debt:GDP ratio, some believe bond yields are likely to rise.

Hong Kong to check Japan food imports for radiation

Hong Kong does not depend largely on Japan for its food supply, said Secretary for Food & Health Dr York Chow.

Construction Industry urges developers to enhance working environment

The industry has found it difficult to attract young people to join the industry.

Cathay Pacific to add 27 more aircraft to fleet

The HK$51bn fleet expansion deal with Airbus S.A.S. and Boeing aims to make its fleet, advanced, highly efficient and environmentally friendly.