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New harbourfront space opens

The Development Bureau announced that the Pierside Precinct near Wan Chai Ferry Pier further opened today, providing a nostalgic harbourfront leisure space with a panoramic view of Victoria Harbour for the public.   Being the 12th harbourfront leisure space that opened since October last year, the newly opened area is located to the east of the ferry pier on a harbour site reclaimed for the construction of the Central-Wan Chai Bypass.   The bureau said under the incremental approach, a 180-metre-long promenade of the precinct opened earlier in March, followed by the opening of a further 80m in October.   With an area of about 4,600 sq m, the newly opened part has almost doubled the precinct's original space.   In contrast to the colourful cartoon style adopted at other harbourfront sites opened earlier in Western District and Wan Chai, the precinct mainly comprises simple fair-faced concrete and wooden structures.   It features a stylish touch with its clear and rectiline

Oct inflation up 1.7%

Overall consumer prices rose 1.7% in October year-on-year, larger than the 1.4% growth in September, the Census & Statistics Department announced today.   Netting out the effects of the Government’s one-off relief measures, October’s underlying inflation rate went up 1.1% compared to a year earlier, marginally larger than the 1% recorded in September.   Compared with October last year, price increases were seen in electricity, gas and water, clothing and footwear, transport, meals out and takeaway food, durable goods, basic food, miscellaneous services and alcoholic drinks and tobacco.   On the other hand, year-on-year decreases in miscellaneous goods and housing were recorded.   The Government noted that the prices of energy-related items and certain individual items in such major consumer price index components as clothing and footwear and transport saw more visible year-on-year increases.   Price pressures on many other major components remained modest.    Looking ahead, while inflation pressure may go up somewhat in the near term, alongside a faster increase in import prices and the economic recovery, the underlying inflation should remain largely in check as domestic cost pressures are still tame, it added.
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