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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

Feb sees 0.3% rise in inflation

Overall consumer prices in February rose 0.3% year-on-year, smaller than the 1.9% increase in January, the Census & Statistics Department announced today.   Netting out the effects of all the Government's one-off relief measures, the year-on-year rate of change in February’s underlying inflation rate was -0.1%, smaller than January’s -0.5%.   The department said this was mainly due to the increases in the costs for meals bought away from home and household services charges.   February saw year-on-year price drops for clothing and footwear, transport, durable goods, alcoholic drinks and tobacco, housing and miscellaneous goods.   Prices for electricity, gas and water, food, miscellaneous services as well as meals bought away from home went up.   Taking the first two months of the year together to neutralise the distortions caused by the timing of the Lunar New Year, underlying consumer prices registered a small year-on-year decline of 0.3%.   The Government explained the decline mainly reflected the narrowed increase in food prices and the enlarged fall in private housing rentals.   Meanwhile, price pressures on other major CPI components remained very mild.
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