Economy
Hong Kong's permanent residents to get $10,000 each
The government is looking to boost local consumption.
Hong Kong's permanent residents to get $10,000 each
The government is looking to boost local consumption.
Government cuts taxes, waives fees to rescue embattled enterprises
It will cost the government $18.3b in total.
Exports down 22.7% to $269.4b in January
The drop in values was blamed on the timing difference of the Lunar New Year.
Cash handouts, tax cuts on the cards for recession budget
Eyes are also on the city’s $1.12t fiscal reserve.
Widening fiscal deficit could spill over to 2021
The government is urged to inject more cash into the retail, tourism, and F&B sectors.
Hong Kong companies have no safety net in fight for survival
The region does not have recourse to any corporate rescue procedure in times of difficulties.
Inflation up 1.4% in January
Food prices spiked 17% during the month.
Singapore, New Zealand beat Hong Kong in ease of doing business
But Hong Kong is still the best for dealing with construction permits.
Hong Kong gears towards back-to-back recessions: report
Economists forecast that GDP will contract by more than 1% in 2020.
Total exports up 3.8% in December 2019
This was led by the 15.2% growth recorded in exports to the Mainland.
Government injects $25b to help businesses weather COVID-19
It took into account feedback from the public, various sectors and Legislative Council members.
Majority expects Hong Kong's economic situation to worsen in 2020
Only 48% of employees expect employers to do better this year.
Hong Kong crashes into recession in 2019
This was dragged by GDP contractions recorded in H2 2019.
Exports dipped 4.1% to $3.99t in 2019
This was attributed to a 15.7% rise in exports to Mainland China.
Inflation up 2.9% in 2019
Mild price hikes on imports and economic conditions will contain inflation in the near-term.
Hong Kong's global finance centre status weathers protests' effects
But its perception as a stable international hub is slowly deteriorating amongst foreigners.
Unemployment rate edged up to 3.2% in September-November
The unemployment rate in F&B service activities sector reached an eight-year high.
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