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  • July 14, 2014
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  1. Business - Comment - MONITOR

    'Made in America' means added pain for Hong Kong

    Posted May 02nd 2013, 12:00am by Tom Holland

    ... added pain for Hong Kong For the past 10 years, Hong Kong's economy has been boosted by twin external superchargers. Now, both are in danger of breaking down. Part of the performance boost over recent years was provided by the rapid growth of China, which yielded a bonanza for the city's financial, trade services and retail sectors. But Hong Kong also got a propellant charge ...

  2. HK$40m fillip in the race against declining dollar

    Posted May 12th 2011, 12:00am

    ... across all classes, with the headliner among them an extra HK$4 million for the Hong Kong Mile to take it to HK$20 million and level with the Hong Kong Cup on international day in December. 'The Hong Kong Mile increase gives us two HK$20 million races on our marquee day, and makes it the richest turf mile in the world which helps us with positioning our meeting. And, ...

  3. Business - China Business - RESULTS

    Currency hedges trim profit for Goodbaby International

    Posted Aug 21st 2012, 12:00am by Anita Lam

    ... higher at HK$2.03 yesterday, although still less than half the initial public offering price of HK$4.90 when it listed in Hong Kong in 2010. Chief executive Song Zhenghuan said overall sales- ... Anita Lam anita.lam@scmp.com Hedges trim profit for Goodbaby Goodbaby International said net profit fell 12.2 per cent to HK$100.7 million during the first six months of the year because ...

  4. Business - Comment - MONITOR TOM HOLLAND

    Blame greed, not the yuan, for Hong Kong's food price rises

    Posted Nov 07th 2012, 12:00am by Tom Holland

    ... in mainland food prices and a 1.2 per cent rise in retail prices in Hong Kong. And following a drought-induced scare over the summer, international soft commodity prices are now retreating. Wheat ... for Hong Kong's food price rises "Stronger yuan to bring Hong Kong higher food prices", warned a headline in last Saturday's South China Morning Post. The article that followed ...

  5. Off and racing for operation santa

    Posted Dec 17th 2011, 12:00am

    ... Jennifer Cheng jennifer.cheng@scmp.com Every little bit counts in this season of giving, and many in Hong Kong have been hard at work to do their part in raising money- while also having ... contributions from companies, as well as bars and restaurants frequented by the hash clubs. The Santa Hash is organised by a different hash club every year, and this year's was run by the Hong Kong ...

  6. Business - Economy - CURRENCIES

    Pegging Hong Kong dollar against yuan 'could take years'

    Posted Apr 30th 2013, 12:00am by KANIS LI

    ... not come for years' The yuan will eventually be a feasible currency for Hong Kong to peg its dollar against, in place of the US dollar, said John Greenwood, known as the "father of the Hong Kong-dollar peg". However, Greenwood said, the yuan must be fully convertible and widely used before that day comes, which could take "many years". The chief economist ...

  7. Comment - Letters

    Hong Kong not gaining from peg

    Posted May 06th 2013, 12:00am by LETTERS

    ... Peg is wiping out productivity gains of diligent middle class The Hong Kong dollar is pegged to the US dollar by a currency board. This obsolete arrangement is also used by other economies such as Bermuda, Antigua and Barbuda, and the Cayman Islands. The peg increases inflation, due to our inability to adjust the upward strength of the Hong Kong dollar. Whatever labour productivity gains ...

  8. What's on in Hong Kong

    Posted Feb 12th 2010, 12:00am by Staff Reporter

    ... gsis.verve@gmail.com Soulful voices Jazz singers pay tribute to Nina Simone, one of the most recognisable voices in history. When: February 25 and 26, 8pm Where: Hong Kong Cultural Centre Tickets: ... the story breaks down barriers of language and culture. When: February 26-28, 8pm (2.30pm matinee on Feb 28) Where: Hong Kong City Hall Tickets: HK$80-HK$140 (HK$160-HK$280 for adults) from Urbtix ...

  9. Extended race season to add 3,000 jobs

    Posted Jul 06th 2009, 12:00am by Anita Lam

    ... a stunning HK$3.3 billion had gone to Macau from Hong Kong between July and August last year. It seems playing baccarat 24 hours a day might be even worse.' He said 90 per cent of the 1,000 ... cent of gross margin to 67 per cent did not help the situation, Mr Mak said. 'Hong Kong charged a betting-tax rate five times higher than the UK and nine times over the US rate, while ...

  10. Mainland garment maker seeks HK$80m in Hong Kong listing

    Posted Nov 14th 2011, 12:00am

    ... Paggie Leung paggie.leung@scmp.com The mainland-based garment manufacturer Grand Concord International Holdings is planning to raise HK$80 million through a Hong Kong listing to upgrade ... million shares, including a placing of 90 million shares and a public offering of 10 million shares in Hong Kong. The offer price is HK$0.8 a share. Retail subscribers can apply from today until ...




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