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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

2.3k arrested in anti-crime operation

Police arrested 2,320 people and seized cash, dangerous drugs and illicit goods worth about $390 million in an anti-crime operation jointly mounted by Hong Kong, Guangdong and Macau authorities from June to August.   During the operation, Police conducted searches at about 2,000 locations including bars, amusement game centres, cyber cafes, party rooms and residential units.   It smashed illegal gambling and vice establishments as well as drug distribution centres and arrested 1,616 men and 704 women for triad and drug-related offences, robbery, illegal immigration, illegal gambling, bookmaking, criminal damage, blackmail, wounding and possession of offensive weapons.   Bookmaking records worth about $3.6 billion were also seized during the operation.   Police said it will continue to maintain close liaison and exchange intelligence with authorities on the Mainland and Macau to interdict cross-boundary triad activities and uphold public confidence in law and order.
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