News
Government boosts public education on intellectual property rights
Government boosts public education on intellectual property rights
The Customs and Excise Department, the Intellectual Property Department and the copyright industry have been jointly organising various publicity and educational events to promote respect for IPRs in the community and especially among the youth, so as to inculcate a culture of IPRs protection when they are young. One of the educational events is the Youth Ambassador Against Internet Piracy Scheme, which was initiated by the C&ED in 2006 in collaboration with the copyright industry. Some 200 000 members of 11 youth uniformed groups have so far joined the scheme, which is aimed at promoting a sense of respect for copyright works among young people. In the past five years, different promotional activities have been organised under the scheme to raise the awareness of, and to motivate the youth ambassadors to support, IPRs protection. The IPD, together with the C&ED, the copyright industry and different organisations in the community have also organised different anti-piracy activities to promote public respect for IPRs. The Youth Ambassador Competition on Business Software Proposal is one of these activities.
CE’s policy address vows to bring housing relief
Tsang said the government will consider various subsidised housing schemes to address one of Hong Kong’s crucial social issue.
Bankruptcy petitions down by more than 15%
Total number of bankruptcy petitions was 4,086 for the first six months of 2011.
Hong Kong’s parking rate is Asia’s highest
Hong Kong’s rental yield of car parking spaces tops 4% per annum, relatively higher than the other sectors such as residential and office properties.
Hong Kong's June foreign assets up $14.8bn
Exchange Fund bills and notes issued reached $1.05tn while claims on the private sector in Hong Kong amounted to $114.6bn.
Group assesses Mandatory Provident Fund withdrawal options
The authority will take note of Hong Kong’s practical operating situation, overseas experience in implementing different withdrawal options and stakeholders’ views.
Tsang outlines opportunities for Canadian firms in HK
Financial Secretary John Tsang outlined the opportunities for Canadian firms in Hong Kong brought by the latter's close integration with mainland in his remarks at an Economic Club luncheon in Toronto.
Education expenditures rise from $35M to $95M in 5 years
The Education Bureau's expenditure on national education for primary and secondary schools rose from $35.3 million in 2007-08 to an estimate of $95.7 million in 2011-12.
Cathay Pacific launches new freighter service to Bangalore
The airline expects strong interest from China and Northeast Asian countries for shipments of computers, computer components, high-value electronic goods, ICs, and garments.
Government boosts protection of telecom subscribers with industry code
Participating service providers have revised contract forms and revamped service platforms and sales and internal supporting procedures.
Government to subsidize more projects for the elderly
A new phase of the Neighbourhood Active Ageing Project will be launched.
Government secures repurchase deal with Citibank
Repurchase offer’s total value to reach $1.06bn, covering about 92% of Citibank HK customers holding outstanding notes.
Foreign currency reserves in June up by US$1.3bn
Reserve reached US$277.2bn at the end of June.
New warning up on fraudulent bank emails
The public is advised anew not to access Internet banking accounts through hyperlinks embedded in e-mails, Internet search engines or suspicious pop-up windows.
Building transactions in second half of 2010 down 18%
The transactions’ total consideration for the period was down 2.2% to $370.14bn.
Double whammy: Price hikes and wage inflation soften local demand
Although June's input cost index eased for the first time since February, at 65.5 it is still sitting high above trend, so cost inflationary pressures remains acute, says HSBC.
Hong Kong June flat sales up 7.5%
Yet the number of searches of land registers made in the same month dropped 2.9% compared with May and fell 6.7% compared with June 2010.
Commentary
Why Hong Kong's carried interest reform matters, and why it isn't a zero-sum play
Medical centre expansion in Hong Kong: How to choose the right location
The Claude ban is a crash course in digital resilience — and that’s good for Hong Kong bankers