• Wed
  • Sep 17, 2014
  • Updated: 10:54am

Economy of Asia

Cleaners and guards eating less as prices rise

One in two cleaners and security guards - the first low-paid sectors to receive a legal wage floor - say they are eating less because of rising food prices, a survey has found.

Monday, 12 September, 2011, 12:00am

Mainland inflation at 3-year high

Mainland inflation hit a 37-month high of 6.5 per cent last month, but experts suggest it may be a peak, saying the government's tightening policies are taking hold and market turmoil is pointing to slower global growth and lower commodity prices.

10 Aug 2011 - 12:00am

HK's competitive mojo remains intact despite inflation

With property prices back at their 1997 peak and consumer prices at an all time record (see the first chart below), Hong Kong's business community is worried that the city is in danger of losing its competitive advantage over rivals like Singapore and Shanghai.

25 Jul 2011 - 12:00am

India's food industry recipe for profits

India's food industry is expected to be a magnet for foreign investors attracted by a booming economy in the world's second-largest food producer, according to the Hong Kong Trade Development Council.

Ernst & Young has predicted that India's food industry will grow to US$258 billion by 2015, and US$318 billion by 2020, thanks to the country's growing middle class.

16 Jun 2011 - 12:00am

Consumer confidence high, despite inflation

Consumer confidence in Hong Kong rose to its highest level since 2008 despite concerns about surging food prices, according to a recent survey.

'The economy is doing really well. There is a lot of optimism because the unemployment rate is dropping and gross domestic product is very high. Now the concern is over prices,' said Oliver Rust, managing director of Nielsen.

21 May 2011 - 12:00am

Beijing to buy vegetable markets in an attempt to stabilise food prices

Beijing's municipal government plans to invest in retail vegetable markets to strengthen its ability to stabilise prices.

The government will buy 10 vegetable markets and invest in another five in each of the city's 16 districts in an effort to 'fundamentally solve the problem of government control over vegetable retailing', the city's commerce commission said.

30 Apr 2011 - 12:00am

Ministries tackle sagging vegetable prices

The agriculture and commerce ministries yesterday issued emergency measures to help stabilise vegetable prices because farmers have started to dump low-value produce.

The Commerce Ministry said average prices of 18 vegetables had dropped by 16.2 per cent over the past three weeks.

24 Apr 2011 - 12:00am

All eyes on Asia

In the international investment community, property was a tainted word not very long ago, thanks to the subprime mortgage crisis in the United States which triggered the global financial crisis.

Last year, the property market was red hot, especially in Asia. Too hot, some governments felt. But there's still demand in the region's markets.

21 Jan 2011 - 12:00am

Sole importer raises price of beef 2.8pc

The city's sole importer of cattle from the mainland has raised the price of beef by 2.8 per cent.

Ng Fung Hong said owing to the continued rises in rearing costs and the value of the yuan, the wholesale price of live cattle would increase 2.8 per cent.

The price change would also help in maintaining supplies from the mainland, the company said.

9 Nov 2010 - 12:00am

HK property prices up 45pc on post-crisis low

Property prices in Hong Kong have risen by more than 45 per cent from the trough to which they sank after the onset of the global financial crisis in 2008, research by the Hong Kong Monetary Authority shows.

27 Oct 2010 - 12:00am