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  1. Civil service unions seek up to 6pc pay rise to offset inflation

    Posted May 13th 2011, 12:00am

    ... Fanny W. Y. Fung Civil service unions are calling for a pay rise of 4 to 6 per cent to cope with inflation, ahead of the release of a survey that the government factors in when adjusting ... meeting yesterday to confirm the sampling method. With Financial Secretary John Tsang Chun-wah having predicted in his February budget that Hong Kong's inflation rate over the financial year ...

  2. Inflation and QE2 have Tingyi worried

    Posted Nov 16th 2010, 12:00am by Toh Han Shih

    ... Strong inflation, exacerbated by the effects of the US Federal Reserve's recent second instalment of quantitative easing, or QE2, is threatening the profits of Tingyi (Cayman Islands) ... be wrong. We can't predict future raw material prices,' said Lin. With QE2 attracting hot money to the mainland, Credit Suisse economist Tao Dong predicted inflation there would be 4.5 ...

  3. September inflation eases to 2.6pc

    Posted Oct 22nd 2010, 12:00am by Dennis Eng

    ... Dennis Eng Inflation was 2.6 per cent year on year last month, down from 3 per cent in August. The government said the figure was distorted by the final payment of a one-off electricity charge subsidy in August last year. Without the effect of any one-off relief measures, the consumer price index was 2.2 per cent, compared to 1.9 per cent in August, mainly because of rising ...

  4. Wages, utilities seen as inflation drivers

    Posted Jun 04th 2010, 12:00am by Eric Ng

    ... Eric Ng The recent bout of wage increases on the mainland, coupled with price rises in energy and water, will lead to even higher inflation in the medium term, according to a UBS ... rose 2.8 per cent in April, the fastest pace in 18 months, while the producer price index jumped 6.8 per cent, the biggest gain in 19 months. Wang said short-term inflation pressure comes ...

  5. Inflation hits everybody- dead or alive

    Posted Apr 06th 2010, 12:00am by Amy Nip

    ... Amy Nip Inflation is here: it's a fact in Hong Kong and could be eating its way into the underworld. Those alive can never be sure about how things are six feet under, but many appear ... announced an underlying inflation rate of almost 2 per cent in February. Consumer prices had jumped 2.8 per cent year on year. Chun Sing Hong, a paper-offering shop in Sai Ying Pun, introduced ...

  6. Long-term view needed in fight against inflation

    Posted Jul 22nd 2008, 12:00am by Staff Reporter

    ... Less than a week after the government announced its latest relief package, it turns out that inflation is worse than expected. The consumer price index for June rose 6.1 per cent from a year ago, well above most estimates of a figure closer to May's 5.7 per cent. The underlying inflation rate was just as bad, with no special circumstances to explain the jump. ...

  7. Inmates get pay rise as prison bars fail to keep inflation out

    Posted Apr 18th 2008, 12:00am by Paggie Leung

    ... Paggie Leung Prisoners have been hit by rising inflation, with some popular items doubling in price in a month. The Correctional Services Department has raised inmates' salaries ... since March 1, when a new contract with suppliers took effect. 'We, as well as those who are imprisoned, are affected by inflation,' Mr Ng said. Data provided by the organisation ...

  8. HKMA rejects inflation-linked protection

    Posted Sep 18th 2003, 12:00am by Enoch Yiu

    ... The Hong Kong Monetary Authority (HKMA) has rejected a proposal by legislators to link bank deposit insurance coverage to inflation or economic growth. Bank customers would receive up ... the HK$100,000 cap upwards to protect it from factors such as inflation. 'The HK$100,000 looks like a lot of money today. But if there is serious inflation, the amount of money might only be a tiny ...

  9. Linked exchange rate or low inflation policy, you choose

    Posted Jan 01st 2007, 12:00am by Tom Holland

    ... volatile inflation, higher interest rates, higher unemployment and- bizarrely for a territory with a fixed exchange rate- a more volatile currency. As small, highly open economies, both cities ... of Singapore is charged with promoting price stability. According to the paper's authors, the MAS targets an annual inflation rate of about 1.2 per cent. In the event of a deflationary shock like ...

  10. Business - Economy - SINGAPORE

    Singapore economy beats forecasts with 1.8pc expansion

    Posted Jan 03rd 2013, 12:00am by BLOOM

    ... more than economists estimated last quarter, averting a recession even after the central bank refrained from monetary stimulus as it sought to contain elevated inflation. Gross domestic product ... to curb price gains, may maintain its appreciation policy after last quarter's expansion as the city state grapples with persistent inflation pressures. "Global economic conditions ...




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