Hong Kong and New Zealand can look forward to stronger economic ties, according to Prime Minister of New Zealand Helen Clark. She was speaking after a meeting with Trade Development Council (TDC) Chairman Peter Woo and other local business leaders in Auckland. (full story)

LG Philips Displays has opened its world headquarters in Hong Kong because of its entrepreneurial environment and proximity to other markets in the Asia-Pacific, according to chief executive officer Philippe Combes. (full story)

A subsidiary of Toys ‘R’ Us, the leading international toys and games retailer, has significantly expanded its sourcing operations in Hong Kong. TRU (HK) Limited, which has 48 employees, has more than doubled the size of its premises in Tsim Sha Tsui to 2,322 square metres. (full story)