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However, after the completion of the second phase of YOHO, the developers hope to enhance the attractiveness of the shopping malls through the renovation of the nearby Sun Yuen Long Centre. According to the Rating and Valuation Department, this will attract several extra hundred million dollars of revenue in terms of rent. [2]
The HKMA guarantees to exchange US dollars into Hong Kong dollars, or vice versa, at the rate of 7.80. When the market rate is below 7.80, the banks will convert US dollars for Hong Kong dollars from the HKMA; Hong Kong dollar supply will increase, and the market rate will climb back to 7.80.
Kowloon City Plaza (KCP; Chinese: 九龍城廣場) is a shopping centre located at Kowloon City, Kowloon, Hong Kong. [1] [2] It was established in 1993, and it underwent a HK$100-million renovation from October 2005 to December 2006. The shopping centre re-opened on 26 January 2007.
The U.S. Postal Service is reversing course a day after placing a ban on all inbound packages from China and Hong Kong. The post office had announced Tuesday that it would no longer accept parcels ...
Transactions in four currency denominations may be settled using CHATS: Hong Kong dollar, renminbi, euro, and US dollar. [1] In 2005, the value of Hong Kong dollar CHATS transactions averaged HK$467 billion per day, which amounted to a third of Hong Kong's annual Gross Domestic Product (GDP); the total value of transactions that year was 84 ...
Cost-conscious Chinese tourists have replaced many of the cash-rich mainland travellers who once flocked to Hong Kong, with some only interested in free walking tours of the city and staying ...
The Biden administration quietly extended a sanctions waiver that will grant Iran access to roughly $10 billion from Iraq two days after President-elect Donald Trump’s Election Day victory.. The ...
The current site of The One used to be occupied by Tung Ying Building. During the economic recession in 2003, it was sold to Chinese Estates Holdings Limited for HK$1.1 Billion. The company then decided to spend HK$2.5 Billion for reconstruction of the whole building, construction work started to take place after demolishing it during August 2006.