The Hong Kong Trade Development Council signed a Memorandum of Understanding (MoU) with the India Trade Promotion Organisation (ITPO) to strengthen economic partnership between Hong Kong and India, as well as increase bilateral commercial activity, particularly for small- and medium-sized enterprises. More
After rising 2.5% in 2015, the Australian economy is expected to maintain GDP growth of the same rate in 2016. The Reserve Bank of Australia (RBA), the country’s central bank, cut interest rates twice in 2016 to a record low level of 1.5%.
As the second-most-populous Middle East country, Iran has a huge consumer base with strong buying potential. Following the removal of international sanctions in early 2016, Iran’s retail landscape looks set to experience rapid changes along with the unleashing of pent-up demand for imported goods, especially branded products. Ample business opportunities will surface in Iran’s retail market for Hong Kong companies selling a wide range of quality consumer products. More
Singapore’s advance estimate of GDP growth grew by 1.8% year-on-year (YOY) in Q1 2016 due to a contraction in the manufacturing sector, slipping from 2% in 2015. Sluggish GDP growth is expected to continue in 2016. More
Qatar’s real GDP growth expanded by 4% year-on-year (YOY) in Q4 2015 on the strength of its non-oil sector. The country is projected to expand by 3.4% in 2016 due to massive infrastructure investment and further economic diversification. More