The Bulletin March 2003

Local demand for further education courses has almost tripled in Hong Kong over the last decade, but the real potential lies in exporting education

Every day, people in Hong Kong pay out roughly five million dollars in tuition fees to further their education and move up a rung on the knowledge-economy ladder. Since the 1970s, the number of adults enrolling in further education courses has doubled every decade, but over the last 10 years the momentum has been accelerating. More >>

Delegates believe India's efforts to reduce red tape, privatise industries and improve tax rates will lift investors' interest in the country

A 24-member Chamber delegation, led by Chamber Chairman Christopher Cheng, concluded a six-day, high-level business mission to India on January 21. More >>

A variety of reports on the economic impact of a new war in the Middle East have come out in the last six months, many of which assume a short, sharp and decisive conflict. Although the price of oil jumped 133 per cent in three weeks after Iraq invaded Kuwait in 1991 (to US$28 a barrel), the 2003 short-war scenario envisages oil prices rising to US$40-80 a barrel, before falling well below recent US$30-35 levels. More >>

China is facing calls to revalue the yuan to help industries around the region compete better against their big neighbour, but as RUBY ZHU writes, the Ministry of Finance is working on ways to ease this pressure, while at the same time maintaining a stable yuan

At a Chamber Distinguished Speakers' Series luncheon on November 18 last year, China's Minister of Finance Xiang Huaicheng was asked if he thought the renminbi was undervalued. More >>

The very fabric of Hong Kong's skyline owes much to the expertise of the engineers who have used it as their canvas. Whether above ground or under it, or even spanning it, astonishing engineering feats have long underpinned Hong Kong's success. More >>

HKGCC, Standard Chartered Bank, and the Hong Kong Federation of Youth Groups launched a "Pearl for Youth" project on January 25 to help Hong Kong youths tap into career opportunities in the Pearl River Delta (PRD). More >>

Great food, entertainment and company ensured that all 450-plus Chamber members and their guests who attended the 10th Annual Chamber Chinese New Year Spring Dinner on February 21 had a night to remember. More >>

Ceiling for SME Export Marketing Fund and the SME Training Fund raised
To further enhance the effectiveness of the SME Export Marketing Fund (EMF) and the SME Training Fund (STF), the Trade and Industry Department (TID) has increased the funding ceilings and streamlined the application procedures of the two schemes with effect from February 24, 2003. More >>

Civil service pay too high
A HKGCC survey shows the gap between civil service and private sector pay is too wide
A HKGCC survey on the level of civil service and private sector pay levels, the first comprehensive pay level survey of its kind since 1986, has yielded some alarming results. More >>

Trade enquiries rising
Businesses are increasingly taking advantage of the Chamber's trade enquiries services More >>

Read all about it!
Corporate News Service provides businesses with a simple way to get their news heard
A press release announcing that Turkish Airlines made its Istanbul-Hong Kong inaugural flight in October last year was most likely greeted by Hong Kong's newsdesk editors with a yawn and a stretch to the recycle pile. More >>

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