Thursday, March 15, 2012

Reuters: Bankruptcy News: HK bankruptcy petitions rise 46 pct in Feb vs Jan

Reuters: Bankruptcy News
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HK bankruptcy petitions rise 46 pct in Feb vs Jan
Mar 16th 2012, 04:09

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Fri Mar 16, 2012 12:09am EDT

 HONG KONG, March 16 (Reuters) - Hong Kong bankruptcy petitions in February rose 45.9 percent from the month before to 756, and were up 39.2 percent from a year earlier, government data showed on Friday.       The number of bankruptcy petitions totalled 1,274 for the first two months of 2012, up 8.6 percent from a year earlier. Bankruptcy orders were at 1,219 for January-February, up 5.5 percent from a year ago.             Hong Kong's government has forecast GDP growth of 1-3 percent for 2012, lower than 5 percent growth in 2011.                    (Reporting by Christina Lo; Editing by Chris Lewis) 
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