Issue: May 22, 2012 (Archive)

Friday, May 24, 2013

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Cabbies seek flagfall increase
Taxi rides will cost more if the government approves the latest demand by operators.

Bank backtracks on HK jobs
There was some relief for bank employees yesterday after HSBC Holdings (0005) said layoffs will come in less than the 3,000 originally envisaged for Hong Kong.

New filibuster ploy in the offing
Legislators may soon face another filibuster as pan- democrats try to force Chief Executive-designate Leung Chun-ying to consult the public on his government restructuring plan.

Exchange Fund scores on buoyant equities
The Exchange Fund earned HK$43.8 billion in the first quarter, almost double that of the fourth quarter last year, thanks to a buoyant equity market during the period.

Chan warns of new cooling measures
Hong Kong's de facto central bank may impose fresh measures to cool the property sector if home prices - which have already breached their 1997 peak - continue rising.

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