Economy

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The Asian Development Bank expects Hong Kong's economy to contract by two percent this year, compared to last year's growth rate of two-and-a-half percent.

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Live-in domestic helpers may earn HK$12,480 - nearly 250 percent more than their current HK$3,580 a month - if they are not exempted from the minimum wage protection proposal.


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A career expo introducing infrastructure-related employment opportunities provided by the Government and private organisations will run at the Central Library until March 26, offering 1,000 professional and technician vacancies.

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The Financial Secretary, John Tsang, says that Hong Kong will 'very soon' finalise an agreement with the mainland to allow local firms to settle trade with companies in Guangdong by using renminbi. Beijing announced the proposed move last December.


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The Secretary for Labour, Matthew Cheung, says it's hard to predict the unemployment rate in the near term.

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More than 14,000 people lost their jobs in Hong Kong between November 2008 and February this year.


MPF payments blunder

RTHK 18.03.2009
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Payments have mistakenly been made to the Mandatory Provident Fund accounts of people not entitled to them.

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Hong Kong's unemployment rate has risen to five percent - the highest level since June 2006. The previous figure was 4.6 percent.


Power project shines light on 4,000 jobs

Adele Wong The Standard 17.03.2009
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CLP Power will create 4,000 jobs in order to meet the 2010 emission targets it agreed with the government.

Vacancies slump as gloomy forecasts rise

Bonnie Chen The Standard 17.03.2009
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The number of jobs available in Hong Kong has slumped to levels not seen since the city was gripped by the deadly SARS outbreak of 2003.


Bernanke: Recession could end in 2009

JEANNINE AVERSA KOMO News 16.03.2009
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WASHINGTON (AP) - America's recession "probably" will end this year if the government succeeds in bolstering the banking system, Federal Reserve Chairman Ben Bernanke said Sunday in a rare television interview.

Sacrifices should start at top, company bosses told

Bonnie Chen The Standard 12.03.2009
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Senior management in both the private and public sectors should make personal sacrifices and protect the rice bowls of staff, the Employers' Federation of Hong Kong said yesterday.


Jobless demand too much pay, claim employers

Beatrice Siu The Standard 11.03.2009
Jobless demand too much pay, claim employers

Job hunters with little or no experience are expecting too much pay or speak poor English, according to employers recruiting at a job fair yesterday.

Firms sign up to offer grads trainee posts

Bonnie Chen The Standard 10.03.2009
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Almost 40 members of the Hong Kong General Chamber of Commerce have signed up to provide more than 100 trainee jobs for this year's graduates as part of a government-backed scheme to get young people into work.


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The financial secretary, John Tsang, has highlighted the importance of prudence in using the fiscal reserves - although he said there could be further stimulus measures later this year.

Job fair to offer 7,000 vacancies

news.gov.hk 09.03.2009
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The Labour Department will hold a job fair in Olympian City on March 10 & 11 offering more than 7,000 vacancies at 80 firms.


Stay strong

Bonnie Chen The Standard 06.03.2009
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Premier Wen Jiabao has vowed to help Hong Kong weather the economic storm.

Labor Pains

John Robertson HK-magazine 06.03.2009
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The government’s latest budget proposals promise more of the same infrastructure. Yet others say newer, greener initiatives are needed for a sustainable economy, writes John Robertson.


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Premier Wen Jiabao says China can achieve eight percent growth this year - despite the worsening global economic crisis. Speaking at the opening session of the National People's Congress in Beijing, he promised more efforts to boost exports and cr...

Beijing mulls cash coupons for all

Bonnie Chen and Katherine Ng The Standard 04.03.2009
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The central government is studying the feasibility of giving cash coupons to 1.3 billion people in the mainland, according to Minister of Commerce Chen Deming.



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