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  • November 27, 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 ...

    http://www.scmp.com/article/691447/staff-training-priority-despite-downturn
  2. Privatisations on the cards, but no deal yet

    Posted Mar 01st 2009, 12:00am by Paggie Leung

    ... cent- and Airport Authority shares were on the asset disposal list. The secretary also said that the government had started consulting the financial industry on the proposed government bond ... Paggie Leung The government is considering selling some assets from 2011 onwards, but the secretary for financial services and the treasury said there was no concrete sell-off plan and any ...

    http://www.scmp.com/article/671662/privatisations-cards-no-deal-yet
  3. 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 ...

    http://www.scmp.com/article/689174/finance-sector-doubles-decade
  4. Jobless rate drops for first time since the meltdown

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

    ... in confidence had flowed through especially to the financial industry. However, Cheung warned that 'the recovery path may still be uneven' because overseas markets had yet to show visible ... Paggie Leung The unemployment rate has declined for the first time since the global financial crisis hit Hong Kong last autumn, but economists do not expect the trend to continue. It fell ...

    http://www.scmp.com/article/695949/jobless-rate-drops-first-time-meltdown
  5. Heritage sites sought to store wine

    Posted Jun 27th 2008, 12:00am by Paggie Leung

    ... Paggie Leung The government has been identifying heritage sites for wine cellars and related activities to boost Hong Kong's fine-wine industry, Financial Secretary John Tsang Chun-wah said yesterday. 'We are identifying heritage sites that may be used for storage as well as many other wine-related activities, such as a wine school, a wine museum and venues for wine ...

    http://www.scmp.com/article/643148/heritage-sites-sought-store-wine
  6. Travel agent forced to close

    Posted Mar 26th 2009, 12:00am by Paggie Leung

    ... Paggie Leung Hong Kong travel agent New Generation Travel has closed due to financial difficulties, affecting about 60 travellers. Travel Industry Council executive director Joseph Tung Yao-chung said the company's owner told the council yesterday the firm had closed due to financial problems. He said about 60 clients who bought air tickets or booked hotels through the agent ...

    http://www.scmp.com/article/674587/travel-agent-forced-close
  7. Restaurant trade boss warns 6,000 eateries may close

    Posted Nov 03rd 2008, 12:00am by Paggie Leung

    ... not offer any estimates regarding the industry, but 'it seems that the financial crisis hit the retail sector quicker than restaurants'. The Liberal Party legislator said that so far ... 9.3 per cent. Mr Cheung said the Sichuan earthquake in May hit the catering industry more seriously than the financial crisis had so far, because people were not in the mood to dine out. ...

    http://www.scmp.com/article/658770/restaurant-trade-boss-warns-6000-eateries-may-close
  8. Multi-entry visas a hit in Shenzhen

    Posted Apr 02nd 2009, 12:00am by Paggie Leung

    ... to obtain multiple-entry visas. James Tang Cheung-sing, vice-chairman of the Hong Kong Department Stores and Commercial Staff General Union, believed the scheme would help boost the retail industry amid the financial crisis, and hoped more jobs would be created. ...

    http://www.scmp.com/article/675468/multi-entry-visas-hit-shenzhen
  9. A crumb of comfort in hard times- HK$1 snacks and 20pc off dinner

    Posted Feb 24th 2009, 12:00am by Celine Sun, Paggie Leung

    ... the Financial Tsunami, will be launched in the next two months with the aim of stimulating the catering industry, which has been hit badly by the meltdown. The group's vice-convenor, catering ... boost spending sentiment. 'We hope the offer can stimulate consumers to spend, as purchasing confidence has been dampened by the financial crisis and the catering industry usually gets ...

    http://www.scmp.com/article/670990/crumb-comfort-hard-times-hk1-snacks-and-20pc-dinner
  10. 3,000 HK factories in delta idle

    Posted Mar 09th 2009, 12:00am by Dennis Eng, Paggie Leung

    ... factories had sent workers home on extended holidays because of a lack of orders before the Lunar New Year, as orders from throughout the world diminished in the face of the global financial crisis. 'In some streets [in delta industrial towns], there are only 20 to 30 per cent of factories operating,' Mr Lau said, adding that about 5,000 factories had closed since the financial ...

    http://www.scmp.com/article/672618/3000-hk-factories-delta-idle

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