Hong Kong traditions are facing changes: city weighs options as service-sector costs, Internet reshape region

Article Abstract:

Hong Kong's strategic location may soon lose its advantages as Internet commerce becomes widespread and renders its trade-related services obsolete. The city used to be famous for its freeport and duty-free products. These economic factors gave it the leverage to charge premium prices for its real property. However, as manufacturing industries migrated to mainland China where labor is cheaper, demand for Hong Kong's real property declined. This was further aggravated by the restrictions on land transactions incorporated in the agreement between the UK and China.

Economic Programs, Administration of Economic Programs, Supply and demand, Real estate, Economic policy, Services industry, Service industries, Real property

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How are Asian IPOs doing

Article Abstract:

The average initial public stock offering (IPO) in Singapore fell 19.67% in 2000, according to London-based Capital DAT, while the average IPO in Hong Kong fell 8.37%. In 2001, the average IPO in Singapore is down 9.28%, while the average one in Hong Kong is up 37.83%. But various circumstances, such as size, date and type, must be considered before evaluating the market. The differences between the IPO statistics in Hong Kong and Singapore are discussed.

Common Stocks, Statistical Data Included, Evaluation, Going public (Securities), Initial public offerings

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Good news on GDP sours: outlook for next three quarters stays bearish

Article Abstract:

Singapore's Ministry of Trade and Industry reported that the country's gross domestic product only dropped 0.7% in the third quarter of 1998 from the same period in 1997. The statistics shows that Singapore's economy did not shrink as much as expected, thanks to the improvement in the manufacturing sector. However, economists say the economy remains uncertain in the next three quarters, due to a glut in the construction industry.

Government domestic functions, Administration of General Economic Programs, Economic Statistics & Research, Economic conditions, Gross domestic product

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