Growth in the world economy subsided in 2012. The expansion since 2009 has been a bitter disappointment because much of the slack created by the recession remains.Friday, 28 December, 2012, 4:14am
A public charitable foundation released details of its 2011 financial records yesterday in answer to accusations of laundering billions of yuan, but many internet users remained sceptical.12 Dec 2012 - 4:33am
On Thursday evening, after the market's close, Hong Kong Exchanges and Clearing snapped out a HK$7.75 billion share offering.
The proceeds will go towards funding HKEx's HK$17 billion acquisition of the London Metal Exchange, originally financed with bridging loans.3 Dec 2012 - 4:26am 2 comments
Days after Macau announced a record 8,000-pataca giveaway to its residents, the Hong Kong financial secretary said his next budet in February would focus on long-term planning rather than one-off "sweeteners".26 Nov 2012 - 4:23am
Macau residents will receive their biggest cash handout next year since 2008 - 8,000 patacas for permanent residents and 4,800 for non-permanent ones, Chief Executive Dr Fernando Chui Sai-on said in his policy address yesterday, in which "Macau people, Macau land" was mentioned for the first time.14 Nov 2012 - 4:35am 2 comments
Newspapers looking at the first 100 days of the Leung Chun-ying administration focused on controversies.19 Oct 2012 - 2:12am
Taxpayers should ask why they are paying Rory McIlroy an obscene amount of public money to play a few rounds of golf in Hong Kong. The government's Mega Events Fund has agreed to give a whopping HK$15 million to organisers of next month's UBS Hong Kong Open at the Hong Kong Golf Club.15 Oct 2012 - 3:24am 6 comments
The mainland's top-performing bond fund manager says corporate debt will outperform government notes as economists have overestimated the need for monetary easing to revive the economy.14 Oct 2012 - 11:19am
Hong Kong faces the prospect of steadily rising taxes, just like Singapore, if it does not increase productivity in the face of an ageing population, an expert warns.
Paul Yip Siu-fai, a professor in population policy at the University of Hong Kong, said this was the likely scenario if the government did not invest in education and occupational training to boost productivity.28 Aug 2012 - 3:20am
Beijing is mulling moves to revive an old policy exempting high-end steel sold to manufacturers of export products from a 17 per cent value-added tax, in an effort to help the steel industry reeling from widespread losses.15 Aug 2012 - 10:47pm
Property prices in London are slowing in what is being seen as signs that tax increases on properties worth more than GBP2 million (HK$24 million) are starting to bite.
In the second quarter, home values rose 0.9 per cent - the lowest level since September 2009, says prime realtor Savills.11 Jul 2012 - 12:00am
Children from a disadvantaged background still have only limited access to extra-curricular activities, despite the government's vow to usher in an equal learning environment, says an education concern group.9 Jul 2012 - 12:00am
Many people outside the mainland cling to the misconception that the Communist Party leadership, through its dictatorial rule, can easily overcome opposition and enforce difficult decisions for the overall good of the country, unlike politicians in the West, who have to pander to special interest groups.9 Jul 2012 - 12:00am
For the mainland's financial markets, government intervention at every level continues to distort prices and hamper growth.
But in some sectors, such as the local-government debt market, intervention doesn't seem like such a bad idea.27 Jun 2012 - 12:00am
National lawmakers have made a policy U-turn, barring local governments from directly issuing bonds as concerns mount over their runaway debts.27 Jun 2012 - 12:00am