Median monthly wage rises to HK$11,000, survey shows
Median monthly earnings in Hong Kong have improved in the first quarter of the year, according to a report by the Census and Statistics Department. Median monthly employment earnings are up from HK$10,500 in the last quarter to HK$11,000, which is also an improvement on first quarter earnings in 2009. The median monthly household income, at HK$18,000, saw an increase to a level comparable to that of the same time last year.
Airlines can charge more fuel tax
Fuel surcharges for passengers on commercial airlines have been raised by the Civil Aviation Department by 20 per cent for short-haul flights and 21 per cent for long-haul flights. The maximum surcharge on short-haul flights increases to HK$110 from HK$92, while long-haul flights went to HK$524 from HK$434.
Manufacturers feeling confident
Although manufacturers' exports have not yet recovered to the level from before the financial meltdown, companies are feeling confident, a survey suggests. Just over 70 per cent of respondents expect equal or increased orders this year, in contrast to the 80 per cent who last year anticipated a decrease in orders. The survey questioned 222 Hong Kong firms with operations on the mainland.
Tax treaty signed with Austria
A treaty to eliminate the double taxation of Austrian and Hong-kongers operating international businesses in each other's territory was signed yesterday.