Hong Kong’s financial system expanded by three.9{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} 12 months-on-12 months in real terms in the first three quarters of 2017, after growing by 2{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} in 2016. IT, ITeS firms jittery over Rs 10,000 crore tax demand 23 Nov, 2017 09:33 AM ISTI-T dept has told cos to return export advantages claimed in final 5 yrs on software offered to foreign purchasers, and has sought 15{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} additional service tax together with fines. Jio experiences constructive AGR of Rs four,270 crore for the primary time in September quarter 25 Nov, 2017 12:38 AM ISTJio’s positive AGR drove up total telecom business income by eight.6 per cent to Rs 30,000 crore sequentially within the second quarter after three successive quarters of declines.

The four pillar economic sectors of Hong Kong are: buying and selling and logistics (22.three{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} of GDP by way of value-added in 2015), tourism (5{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed}), financial companies (17.6{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed}), and professional providers and other producer companies (12.three{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed}). On the other hand, Hong Kong has turn out to be a member of the Asian Infrastructure Funding Bank (AIIB) since June 2017. The Chinese mainland, on the other hand, is a leading investor in Hong Kong.

Meanwhile, Hong Kong’s client prices rose 1.4{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} yr-on-yr in January-September 2017, after increasing by 2.four{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} in 2016. Tampa Bay enterprise information is featured on the Enterprise channel of the Tampa Bay Times. In accordance with the UNCTAD World Funding Report 2017, world FDI inflows to Hong Kong amounted to US$108 billion in 2016, ranked fourth globally, behind only the Chinese language mainland (US$134 billion) in Asia.

Mysterious loud booms heard internationally: Report 24 Nov, 2017 02:07 PM ISTLondon, Nov 24 (IANS) Mysterious booming sounds have been recorded from completely different places across the globe leaving people in addition to experts baffled, the media reported. Hong Kong belongs, in its own proper, to the Asian Improvement Financial institution (ADB) and the World Customs Organization (WCO).

Cumulative utilised capital inflow from Hong Kong amounted to US$913.7 billion, accounting for 51.8{544ba6c285613750d45ccce84869016d8f35710d77900325f0ed9058659c54ed} of the national whole. Additionally, Hong Kong is a member of the Asia-Pacific Financial Cooperation (APEC) and the Pacific Economic Cooperation Council (PECC). As at finish-2016, there were 195 authorised institutions and fifty four representative places of work in Hong Kong.