Bulgarian govt faces no-confidence vote next week

Prime Minister of Bulgaria Kiril Petkov speaks during a joint press conference with European Commissioner for Transport Adina Valean and Romanian counterpart Nicolae Ciuca (not in picture) in Bucharest, Romania, April 29, 2022. (VADIM GHIRDA / AP) SOFIA – Bulgaria's main opposition party filed a no-confidence motion against the government...

Home prices should be kept stable, says John Lee

Hong Kong's sole chief executive nominee John Lee said on Saturday that he wants to keep home prices steady after he is elected to the top job, because he believed this was best for Hong Kong's development. Lee was speaking at a live-televised forum hosted by local media outlets on...

Inflation hit 1.7 percent in March

Inflation has gathered pace according to new official figures, with overall consumer prices rising 1.7 percent year-on-year in March, with the cost of basic food items such as fresh vegetables seeing the most significant increases. The first two months of the year had seen an average increase of 1.4 percent....

Supermarket prices likely to rise, watchdog warns

The Consumer Council says daily necessities will likely become more expensive at supermarkets due to a reduced number of cargo flights to Hong Kong. The watchdog's Chief Executive, Gilly Wong, issued the warning at a press conference on Monday, after it found that prices of over 700 food and personal...

Electricity bills to rise by up to seven percent

Hong Kong's two power companies have announced price increases from January 1, with charges to rise by 7 percent on Hong Kong Island and 5.8 percent in the New Territories and Kowloon. HK Electric and CLP blamed rising fuel prices for the increases, saying international costs have surged since the...

It takes time for pork prices to come down: trader

A representative of the pork trade says even though wholesale prices of pigs have dropped significantly in recent months, this may not immediately be reflected in the market because retailers have to cover increasing costs. Wholesale prices of pigs went down by more than 40 percent on the mainland in...

FAO: World food prices hit 10-year peak

A farmer harvests wheat in Meja Village, India's northern state of Uttar Pradesh, April 18, 2020. (STR / XINHUA) PARIS - World food prices rose for a second consecutive month in September to reach a 10-year peak, driven by gains for cereals and vegetable oils, the United Nations food agency...

Home prices rise to near-record levels

The latest figures released by the government on Friday showed Hong Kong’s home prices went up at a faster pace, to near-record levels in July. The home price index released by the Rating and Valuation Department increased by 0.46 percent to 396.9 – just 0.15 percent off the last record...

Showa Denko to Raise Chloroprene Rubber Price

TOKYO, Aug 20, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko (SDK; TSE:4004) has decided to increase its chloroprene rubber prices globally. The new prices will be effective from September 1, 2021.We have avoided raising our chloroprene rubber prices for as long as possible, but we can no longer...