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Feb exports value down 0.8%

The value of Hong Kong’s total exports decreased to $284.1 billion in February, down 0.8% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods fell 1.8% to $325.7 billion for the same period.   A trade deficit of $41.7 billion, or 12.8% of the value of imports, was recorded in February.   Comparing the three-month period ending February with the preceding three months on a seasonally adjusted basis, the value of exports rose 5.5%, while that of imports also increased 3.3%.   The Government noted that taking the first two months of the year together to remove the volatility caused by the difference in timing of the Lunar New Year, the value of exports posted a 16.6% growth against a very low base of comparison a year ago.   Exports to the Mainland and the US rose notably, while those to the European Union fell. Those to other major Asian markets recorded a mixed performance.   Looking ahead, the Gove

Ice hockey body review supported

The Culture, Sports & Tourism Bureau today reiterated that the Government supports the starting of the process to suspend the Hong Kong Ice Hockey Association’s (HKIHA) membership by the Sports Federation & Olympic Committee of Hong Kong, China.   The Government also supports the committee’s request for the HKIHA to provide a full written explanation in relation to an incident concerning the playing of the wrong music as the national anthem of the People’s Republic of China, and submit a plan on improving corporate governance.   The bureau stressed that the Government and the committee have the same objective to discern the reason for the error and enhance the HKIHA’s corporate governance.   The government subsidy on ice hockey athletes’ training and competition will not be affected regardless of the final decision upon the investigation’s completion, the bureau added.
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