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  • August 23, 2014
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  1. Families feel squeeze as inflation eats into income

    Posted Feb 22nd 2012, 12:00am

    ... Dennis Chong and Ada Lee Hong Kong's high-income and middle-class groups have expanded over the past decade, but families are earning less because inflation offset gains in income, ... income of HK$40,000 or more, compared with 18 per cent a decade ago. But the census and statistics commissioner, Lily Ou-yang Fong, said inflation outpaced income growth over the same period. ...

  2. Tsang's sweeteners in face of inflation

    Posted Oct 11th 2011, 12:00am

    ... payment. The fresh handouts aim to alleviate the burden imposed on the poor by soaring inflation. Tsang wrote on Facebook on Sunday that his speech would contain short-term relief measures ...

  3. Consumer confidence high, despite inflation

    Posted May 21st 2011, 12:00am

    ... to choose the two things that would concern them most in the next six months, 40 per cent of the interviewees picked food-price inflation, which is at the highest level since the survey began about ... from fresh to frozen [produce] to cope with the situation,' he said. To counter inflation, 52 per cent of the respondents in Hong Kong said they had delayed upgrading technology ...

  4. Budget proposals in face of inflation

    Posted Dec 31st 2010, 12:00am by Staff Reporter

    ... Fanny W. Y. Fung Lawmakers have laid out a long wish list for Financial Secretary John Tsang Chun-wah, calling for various relief measures amid high inflation. One proposal is issuing inflation-linked bonds, with the right to buy them restricted to permanent residents, and priority given to people 65 or older. On Wednesday, the Legislative Council will debate a non-binding motion on how ...

  5. Inflation fears kill tax rebate idea

    Posted Feb 24th 2011, 12:00am by Gary Cheung, Tanna Chong

    ... Gary Cheung and Tanna Chong Inflation fears have persuaded Financial Secretary John Tsang Chun-wah not to give any new tax rebates as he fears more cash in the street will unavoidably add ... abandoned the idea because of inflation fears. Last year, he announced a tax rebate of up to HK$6,000. Later at a post-budget press conference, Tsang said another reason for not offering tax rebates ...

  6. Inflation tops agenda of economic meeting

    Posted Dec 11th 2010, 12:00am by Ed Zhang

    ... Ed Zhang in Beijing The mainland leadership has opened its annual economic conference to set growth policies for next year, with inflation at the top of the agenda. Concerns about inflation were further underlined yesterday when the central bank raised the reserve requirement for major banks for the third time in 30 days. The central economic work conference is the highest ...

  7. Inflation eased to 1.3pc last month

    Posted Aug 21st 2010, 12:00am by Dennis Eng

    ... Dennis Eng Inflation eased to 1.3 per cent last month from a year ago versus a 2.8 per cent rise in June, as the government started paying rent for public housing tenants as part ... in the underlying inflation rate reflected the economic recovery, but upward price pressure would continue. ...

  8. Pay rise soothes pain of inflation, but not a cure

    Posted Aug 03rd 2008, 12:00am by Staff Reporter

    ... to see more of this kind of thing while inflation persists. However, by the end of June the number of strikes was down nearly a third from last year. Moreover the three in question, by workers at Vitasoy, Watson's Water and Nestle, were settled amicably with pay rises. In the light of inflation, the workers' claims were reasonable. The union advised on how to argue their case. ...

  9. Watsons deal highlights dilemma over inflation

    Posted Jul 23rd 2008, 12:00am by Staff Reporter

    ... low-income workers- and their families- have been facing increasing hardship under rising inflation. It is difficult not to sympathise with their plight. But when workers across different sectors all ... a potentially hazardous combination of recession and inflation. Our economy cannot expect to be immune from the global economic turmoil. Indeed, it is entering a period of uncertainty as a result. ...

  10. Growth set to slow, but threat of inflation remains, forum is told

    Posted Dec 07th 2007, 12:00am by Staff Reporter

    ... Eva Wu Economic growth is predicted to slow next year while external factors will fuel inflation in the city, according to the secretary for financial services and the treasury. Chan ... States. The minister expected a further increase in inflation, adding that this could be offset only by increasing the economy's efficiency. Executive councillor Henry Fan Hung-ling, who also ...




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