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Apr exports value up 1.1%

The value of Hong Kong’s total goods exports increased to $389 billion in April, up 1.1% compared with the same month last year, the Census & Statistics Department announced today.   The value of imports of goods rose 2.1% to $425.6 billion for the same period.   A trade deficit of $36.6 billion, or 8.6% of the value of imports, was recorded for the month.   Comparing the three-month period ending April with the preceding three months on a seasonally adjusted basis, the value of total exports decreased 12% while that of imports fell 11.7%.   The Government said epidemic-induced transportation disruptions, though easing somewhat in the latter part of the month, continued to constrain export performance.   It pointed out that exports to the Mainland fell while those to the US and the European Union posted visible growth.   Looking ahead, the global economic outlook has worsened amid rampant inflation in some major economies and monetary policy tightening by respective cen

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Railway settlement exceeds limit

The construction works of a relocation project in Kowloon have been suspended after a settlement monitoring checkpoint exceeded the limit, the Government said today.   The project relocates supporting operational facilities of Tsim Sha Tsui Fire Station Complex, Fire Services Club and other fire services accommodations to To Wah Road in Kowloon.   The Government explained that the readings recorded in a settlement monitoring checkpoint installed inside the railway tunnel between Kowloon Station and Olympic Station of the MTR Tung Chung Line had reached 20.27mm on September 7. The preset trigger level for works suspension is 20mm.   For the sake of prudence, the Mass Transit Railway Corporation suspended relevant works within the railway protection area on the same day.   The Buildings Department and the Architectural Services Department deployed staff to inspect the affected railway tunnel and confirmed that it is structurally safe.   The Electrical & Mechanical Services