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  1. Disneyland raises prices for out-of-town visitors, but gives locals a break

    Posted Jul 09th 2011, 12:00am

    ... Ada Lee ada.lee@scmp.com Mainland and overseas visitors to Disneyland will pay up to 14 per cent more from next month, while Hong Kong residents can enter at the current price until ... operation costs. 'Cumulative inflation over the past six years has run at 20 per cent, and the Hong Kong dollar has lost more than 20 per cent of its value against the yuan. The park ...

  2. Actress asks HK$320m for home

    Posted Mar 24th 2012, 12:00am

    ... Yvonne Liu yvonne.liu@scmp.com Hong Kong actress Rosamund Kwan Chi-lam has put her Island South home up for sale at an asking price of HK$320 million. Kwan, who made her acting debut in the ATV soap opera Agency 24 and went on to make more than 70 films, has appointed Colliers International and Hong Kong Sotheby's International Realty to sell house 2 at 16A South Bay Road ...

  3. Comment - Letters

    Hong Kong not gaining from peg

    Posted May 06th 2013, 12:00am by LETTERS

    ... Peg is wiping out productivity gains of diligent middle class The Hong Kong dollar is pegged to the US dollar by a currency board. This obsolete arrangement is also used by other economies such as Bermuda, Antigua and Barbuda, and the Cayman Islands. The peg increases inflation, due to our inability to adjust the upward strength of the Hong Kong dollar. Whatever labour productivity gains ...

  4. Hong Kong's current attraction to the yuan may only be fleeting

    Posted Apr 21st 2011, 12:00am

    ... it is also an experiment... If it is successful, it will cement Hong Kong's role as a yuan trading centre. SCMP, April 20 Let's go straight to the pictures, always the best way of painting the background to a financial story. The first chart is the simple one. The latest figures show that there is now more than 400 billion yuan (HK$475.67 billion) on deposit in Hong Kong ...

  5. Visitors splash out a record HK$140b

    Posted Apr 25th 2008, 12:00am by Dennis Eng, Paggie Leung

    ... Dennis Eng and Paggie Leung Visitors to Hong Kong spent HK$140.5 billion last year, up HK$19.8 billion, or 16.4 per cent, on 2006, according to the Tourism Board. The increase was most ... Kong and around the world. Hong Kong is also a main shopping destination for Chinese visitors.' The university expects the number of mainland arrivals to increase between 8 per cent and 10 ...

  6. 9.4pc drop in trade visitors, survey finds

    Posted Aug 25th 2009, 12:00am by Dennis Eng

    ... Dennis Eng Hong Kong attracted about 551,000 fewer visitors to its trade fairs and conventions last year compared to 2007, a better-than-expected decline of less than 10 per cent amid weak demand and a shrinking global economy, the Hong Kong Exhibition and Convention Industry Association's annual survey has found. The number of visitors to trade shows in many other markets ...

  7. Business - Money

    Stronger yuan to bring Hong Kong higher food prices

    Posted Nov 03rd 2012, 12:00am by Celine Sun, Charlotte So, Lulu Chen, Denise Tsang

    ... yuan will bring mixed blessings for Hong Kong. While Hong Kong retailers and hoteliers stand to benefit from a larger influx of mainland visitors, outbound tourists will pay more for holidays across the border. "A stronger yuan will definitely make Hong Kong a more attractive place for mainland tourists," said Ng Hi-on, assistant general manager of China Travel Service. ...

  8. Bid to attract rich mainland migrants backfires on HK

    Posted Nov 17th 2011, 12:00am

    ... Jake van der Kamp An immigration scheme allowing investors- largely from the mainland- to seek Hong Kong residency rights attracted HK$13.2 billion in real estate investments in the first ... First the details. Under the scheme we give permanent residency rights to qualified foreigners who agree to invest at least HK$10 million in Hong Kong, previously HK$6.5 million. Qualified ...

  9. Tourism chiefs to see 10pc cut in bonuses as visitor numbers fall

    Posted Jan 20th 2009, 12:00am by Paggie Leung

    ... Paggie Leung Hong Kong Tourism Board's management will see at least a 10 per cent cut in their bonuses this year because of the worse-than-expected number of visitors and tourist ... of the assessment for discretionary performance pay, according to a source familiar with the situation. However, the number of visitors to Hong Kong only increased 4.7 per cent year on year last year ...

  10. Banks struggling to attract deposits

    Posted May 30th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Hong Kong banks could come under pressure as deposit costs have been rising. A banker said this could hit their net interest margin (NIM), a measure of the difference between banks' interest income and the amount of interest paid to lenders, relative to their assets. Bank of China (Hong Kong) chief executive He Guangbei said yesterday ...




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