Staff turnover and vacancies on the rise The Hong Kong Institute of Human Resource Management found staff turnover in the fourth quarter of last year was 2.66 per cent, 0.33 percentage points up on the previous year. The retail sector suffered the highest staff turnover at 5.24 per cent, followed by the business and professional services sector at 4.11 per cent and telecommunications at 3.75 per cent. Vacancies also rose in the fourth quarter, climbing 0.2 percentage points year on year to 2.71 per cent. The financial services, banking and insurance sector recorded the highest vacancy rate at 4.78 per cent, followed by telecommunications at 4.63 per cent and community, social and personal services at 4.57 per cent. The survey covered 117 firms and 108,000 employees. Port cargo throughput jumps 4pc year on year Hong Kong's total port cargo throughput last year rose by 4 per cent compared with a year ago to 238.2 million tonnes. Inward cargo remained relatively flat at 141.5 million tonnes while outward cargo rose by 8 per cent to 96.7 million tonnes, Census and Statistics Department figures show. In the fourth quarter of last year, total port throughput edged 3 per cent higher to 60.8 million tonnes. Of this total, inward port cargo saw no change year on year at 35.8 million tonnes, while outward cargo rose 7 per cent to 25 million tonnes. In the fourth quarter, Hong Kong also handled 6.2 million 20-foot equivalent units of containers, up 5 per cent year on year. Li Ka-shing gives HK$511m to Singapore university Li Ka-shing has bestowed S$100 million (HK$511 million) on the Lee Kuan Yew School of Public Policy at the National University of Singapore. Half of the gift was from the Li Ka Shing Foundation, while conglomerates Cheung Kong (Holdings) and Hutchison Whampoa, both controlled by Mr Li, split the rest equally. The gift will be matched dollar-for-dollar with a grant from the Singapore government to create an endowment fund for chair professorships and scholarships.