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From the Chairman |
September 2004 Issue ![]()
Labor
shortage spurs firms to court factory employees The third of August was a red-letter day for workers at Guangdong Chigo Air Conditioning. Minutes after the close of the workday, dozens stood eagerly in line for a rare treat in this dusty industrial town: free run of the shady, company-owned orchard, filled with ripe pomegranates . More >>
Manufacturers in the PRD are facing serious labour shortages as migrant workers look for better-paying jobs closer to home The promise of
cheap land and an abundant pool of low-cost labour has attracted over 60,000 Hong Kong
companies to invest in the Pearl River Delta, mostly manufacturers, since China first
opened its doors in the late-1970s.
Prime retail space will be the subject of increasingly competitive bidding with the strengthening economy and buoyant consumer confidence in Hong Kong, according to the latest Jones Lang LaSalle Hong Kong Economic Insight. More >>
Some economies are paying more for oil in real prices than others Every time the price of oil hits a new high
(futures are trading at US$45 a barrel [bbl] at this writing), someone points out that the
black gold is still cheap "in real terms", i.e., adjusted for inflation. More >>
Mini-cards, ladies cards, VIP cards ... a myriad of credit cards or quasi-credit cards have been launched in the Mainland over the past year, driving credit card penetration from 18 percent in 2003 to 22 percent in 2004, according to a recent survey. More >>
September in Geneva sees many WTO negotiators return from one of the most pleasant summer breaks they have had for years. Just a month earlier, they had toiled through five gruelling days of make-or-break negotiations. The result was a deal struck close to midnight on July 31, ending months of speculation about the demise of the world's only credible multilateral trade institution. More >>
Budget airlines may threaten to make extinct the saying "half of the fun
is getting there," but not all travellers are looking for just cheap flights. Food,
wine, a good movie and tasty "eye candy" -- courtesy of the cabin crew -- are
still important factors when choosing which airline to fly, a recent global travel survey
shows.
More >>
Business owners around Hong Kong who have been fighting for years to boost the efficiency of their operations while at the same time reduce their impact on the environment are about to receive recognition for their efforts as the countdown to the 2004 Hong Kong Eco-Business Awards has begun. More >>
What Karen Lee doesn't know about logistics could be written on the back of a postage stamp. She is the third generation of Lees who grew up in the industry, learning all there is to know about the business from her father, Simon Lee, who in turn learned the trade from his father, Lee Chi-hung, founder of the Sun Hing Group. More >> |
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