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  1. HK income gap 'widest among rich economies'

    Posted Oct 23rd 2009, 12:00am by Staff Reporter

    ... Daniel Sin The income gap between the rich and poor in Hong Kong is the widest among the world's wealthiest economies, according to a UN report. The report also shows that the richest 10 per cent in the city enjoy about a third of the total income, while the poorest 10 per cent share just 2 per cent. The Human Development Report, released by the United Nations Development ...

  2. Building up steam

    Posted Nov 07th 2009, 12:00am by Chris Davis

    ... Chris Davis The difference between the first half of the year and the revival during the second half has generated momentum in the banking and finance sector and, with it, an upswing in recruitment activity. However, what effect is hiring activity having ...

  3. Record number of people living under poverty line

    Posted Sep 28th 2009, 12:00am by Austin Chiu

    ... data. The poverty rate was 17.9 per cent in the first half of the year, compared with 17.6 per cent last year. The definition of poverty in the study involves people earning an income equal to or less than half the median monthly domestic household income, which is set according to the number of members in a family. The median for the first half of 2009 was HK$3,300 for a single-member ...

  4. Widening income gap spurs call for tax reform, pay rises

    Posted Dec 12th 2009, 12:00am by Minnie Chan

    ... Minnie Chan Rising income disparity on the mainland means the wealthy should be taxed more and poor people should be paid more, according to a labour and economics academic. As it stands, ... of Renmin University's School of Labour and Human Resources, said the income gap between rich and poor had risen steadily since 1984. 'According to latest statistics, the poorest 10 per ...

  5. Link tops forecasts with 19.3pc rise in distributable income on rental mix

    Posted Nov 20th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu The Link Real Estate Investment Trust yesterday exceeded analysts' expectations by posting a 19.3 per cent jump in distributable income for the six months to September, thanks to improvements in occupancy rates and rental growth. Distributable income rose to HK$1.06 billion from HK$884 million in the same period last year. It was achieved on the back ...

  6. Bocom reports flat earnings despite soaring fee income and loan growth

    Posted Oct 29th 2009, 12:00am by Staff Reporter

    ... fee-based income and rapid loan growth offset narrower net interest margins. The Shanghai-based lender, nearly 20 per cent owned by HSBC Holdings, posted a net profit of 7.32 billion yuan (HK$8.31 billion) in the three months to September, compared with 7.21 billion yuan last year. For the first three quarters, it earned 22.87 billion yuan. 'The fee-based income is a bright spot ...

  7. Incoming HKEx boss to spend first day meeting bourse officials in US

    Posted Oct 12th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu Hong Kong Exchanges and Clearing's incoming chief executive, Charles Li Xiaojia, will not be at his desk at IFC One on his first day of work this Friday. Instead, he will join outgoing chief executive Paul Chow Man-yiu at a meeting of the World Federation of Exchanges' regulation committee in New York. Composed of the world's top 53 exchanges, ...

  8. SHKP rent income to hit HK$300m at apm mall

    Posted Nov 13th 2009, 12:00am by Sandy Li

    ... Sandy Li Sun Hung Kai Properties expects annual rental income at its flagship apm shopping centre in East Kowloon will increase 10 per cent to HK$300 million this year. Maureen Fung Sau-yim (right), the general manager for leasing at Sun Hung Kai Real Estate, said rents for 10 new leases at apm had been renewed at rates 30 per cent higher than the previous terms. In the first ...

  9. 'Lift conditions' on minibond deal

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

    ... Dennis Eng So-called experienced investors who poured millions into minibonds soured by the collapse of Wall Street giant Lehman Brothers a year ago want conditions barring them from a compensation deal to be lifted, Democrat lawmaker Kam Nai-wai said aft ...

  10. URA development policies keep low-income earners in squalor

    Posted Sep 18th 2009, 12:00am by Staff Reporter

    ... is not doing enough to ensure that public housing is for the truly needy and not for use as storage, holiday homes, sublets or to pad the bank balances of those with sufficient income to rent and buy ... estates far from job opportunities. Many low-income workers forego the offer of public housing so they can continue working and are forced into other dilapidated buildings. Thus the cycle ...




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