News
Wai Yuen Tong Medicine Building in Kowloon Bay for sale
Wai Yuen Tong Medicine Building in Kowloon Bay for sale
Aside from the property earning secure rental income by the long period of tenancy agreement of Wai Yuen Tong, the property is also in a prime office and retail location.
MGM Hospitality to expand in Hong Kong
Aside from Hong Kong, the company plans to enter in 7 other Asian countries through its Bellagio, MGM Grand, and Sky Lofts brands.
HKMA warns of deposit and lending rate increase
The supply and demand of the Hong Kong dollar in the local banking system is the key factor behind the change in deposit and lending rates.
Kaseya to acquire Intellipool
The purchase is expected to further Kaseya’s move into network performance monitoring.
URA to begin Ma Tau Wai Road-Chun Tin Street lot acquisition
Owners of the 3,377 square metres project area will be offered $9,785 per sq.ft. while its 143 tenants and owners have so far been given assistance.
First quarter credit card receivables down 4.4%
Yet the amount of borrowing by customers using their credit cards up 0.2% at the end of March.
Hong Kong April foreign assets up by $27.5bn
The monetary base amounted to $1.05tn, while claims on the private sector, reached $134.9bn and foreign liabilities, $500mn.
Galaxy Macau opens as Macau's newest major attraction
The "New Palace of Asia" welcomed thousands of guests in its official opening on 15 May.
SFC orders Core Pacific-Yamaichi International to repurchase Lehman-linked products
The price would be equal to the principal amount invested by the customer minus any coupon payments received.
Hong Kong charges Merrill Lynch with $3mn fine
A probe found out that Merrill Lynch failed to properly assess the financial situation and investment objectives of 40 customers who invested in the index-linked notes in 2007.
GDP may have advanced 6.5% in 1Q 2011
Sequentially, growth likely quickened to 2.1% QoQ from 1.5% in 4Q 2010.
Hong Kong March exports up 13.7%
The volume of total exports climbs 17.7%, and the volume of imports soars by 12.9% in the first quarter.
Asian fund managers prefer regional growth stocks than US and European equities
China and Korea are preferred markets with a majority bearish on India, Indonesia despite inflation being highlighted as key risk.
Original ruling against Edward Eugene Lehman overturned in appeal
The Honourable Mr. Justice To imposed a fine of HK$200,000 against Lehman and awarded indemnity costs of HK$400,000 to the Plaintiffs.
Hong Kong beats Tokyo as most expensive office location in Asia Pacific
Hong Kong's Grade A CBD rents posted the strongest QoQ increase of 11.9 per cent in 1Q 2011.
Foreign currency reserve assets increased US$4.3bn in April 2011
The official foreign currency reserve assets of Hong Kong amounted to US$276.9 billion at the end of April.
Government to ensure safety, effective management of construction sites
From 2000 to 2010, industry-wide accident rates decreased from 149.9 to 52.1 per 1,000 workers a year and in public works contracts from 46.4 to 9.8.
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