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  • November 28, 2014
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  1. Staff training a priority despite downturn

    Posted Sep 04th 2009, 12:00am by Dennis Eng, Paggie Leung

    ... import and export, trading and distribution sector has the biggest training budget, at 7 per cent of the payroll, followed by the financial industry, at 4.5 per cent. Companies on average offer 20.6 hours of training per employee a year, the study shows, with the manufacturing industry topping the list with 30 hours of training. The research found that employers rated ethics, business ...

  2. Cepa III signed, and help for rivals riles brokers

    Posted Oct 19th 2005, 12:00am by Dennis Eng

    ... financial services industry. 'Of course the mainland brokers would take away business from local brokers, but when did the government ever try to protect their interests anyway? They have been ... and group chief operating officer of local brokerage Sun Hung Kai Financial, also lamented the lack of support for the industry, even though the second phase of Cepa did allow licensed Hong Kong ...

  3. China corners bulk of capital investment in Asia

    Posted Oct 18th 2006, 12:00am by Dennis Eng

    ... is channelled through Hong Kong, the city came in second in the region, with reported direct investment of US$35.9 billion. Although that capital flow helps sustain Hong Kong's booming financial services industry and reinforces its status as a regional headquarters city for multinational companies, it is misleading as a measure of capital investment in a city whose economy is almost ...

  4. Finance sector doubles in a decade

    Posted Aug 08th 2009, 12:00am by Dennis Eng, Paggie Leung

    ... in barely a decade. The financial services industry now accounts for about a fifth of gross domestic product, and economists say this could rise to 40 per cent. But its rise has had little impact on jobs growth, with its share of the workforce hovering at little more than 5 per cent since the handover. Financial services is the only one of the four so-called 'pillar' industries ...

  5. Tsang sets scene for five-year action plan

    Posted Sep 12th 2006, 12:00am by Dennis Eng

    ... attended by mainland officials, summit panellists joined four focus group discussions on trade and industry; financial services; maritime, logistics and infrastructure; and professional services, ... clearly that it would support the city's financial, logistics, tourism and information technology industries. It also would preserve Hong Kong's status as an international financial ...

  6. Exhibition industry looks stronger in Asia

    Posted Sep 10th 2009, 12:00am by Dennis Eng

    ... in Asia in the nine months since the collapse of financial markets in September last year. Just over half of the 179 respondents expected a recovery for the industry by next year or earlier. ... Dennis Eng The exhibition industry in Asia is expected to record a stronger performance and emerge faster from the global recession than in the rest of the world as buyers look ...

  7. Watchdog best way to ensure competition, says industry body

    Posted May 11th 2006, 12:00am by Dennis Eng

    ... is preferable to having a 'one-size-fits-all' competition law, the Federation of Hong Kong Industries said. The recommendation supports the government's view that the group, headed by Financial Secretary Henry Tang Ying-yen, be made a statutory body with teeth to impose sanctions and deal with anti-competition complaints. As a statutory body, the group's composition should ...

  8. Government urged to help unfreeze credit

    Posted Oct 24th 2008, 12:00am by Dennis Eng

    ... overseas buyers that delay or default on their payments. With banks reluctant to lend to companies over fears the global financial crisis might hurt their ability to repay loans, industry ... with industry representatives yesterday, Secretary for Commerce and Economic Development Rita Lau Ng Wai-lan said the various views collected will be reported to the chief executive and the financial ...

  9. Bosses urged to cap pay rises at 2.5pc

    Posted Oct 05th 2006, 12:00am by Dennis Eng

    ... in August, real wages actually fell by 0.7 per cent. The wage data covered the manufacturing, trade and hospitality, transport, and financial and personal services industries but excluded managerial ... Chi-hung, chairman of the Hong Kong Telecommunications Industry Employees General Union, said 2.5 per cent should be the minimum amount salaries increased next year, and more profitable companies ...

  10. Airport rail link not financially viable, study finds

    Posted Sep 30th 2008, 12:00am by Dennis Eng

    ... was not financially viable. Government officials and Shenzhen airport authorities generally agreed with the study's preliminary findings, Dr Law said, despite a lack of data on the ambitious project. He ... airports. But how this will impact Hong Kong's aviation industry is unknown,' Dr Law said. The full report will be forwarded to the government soon. A government spokesman said a study ...




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