Economy
Goodbye aviation hub status? Report shows HK air travel recovery hit by strict health rules
Goodbye aviation hub status? Report shows HK air travel recovery hit by strict health rules
The aviation industry’s recovery will slow down.
Employment in the private sector drops 1.3% YoY in June
Given the drop, vacancies rose by 38% YoY.
External merchandise trade volume down double digits in July
Total exports and imports of goods fell by 16.2% YoY and 16.9% YoY, respectively.
Unemployment rate dips to 4.1%
The total number of unemployed people stood at 161,900.
Gross national income slips 1.2% YoY to $755.2b in Q2
It is $78b higher than the GDP.
Business receipts of major service industries ‘improve’ in Q2
This is thanks to the moderated epidemic and eased health measures.
Sluggish global growth momentum drags Hong Kong’s export performance
The city’s total export dropped by 8.9% YoY in July.
Hong Kong raises postage fees
The adjustments were said to be in line with cumulative inflation.
Consumer prices rise 1.9% MoM in July
The year-on-year rate of increase in consumer prices was also 1.9%.
HKEX posted net loss of $274m in Q2 22
The stock exchange experienced lower depository fees from e-IPOs.
Economy to contract by 0.7% in 2022: forecast
The GDP outlook got downgraded amidst a deteriorating external environment.
HKTDC inks agreement facilitating economic exchange with Aomori Prefectural Government
The agreement will create opportunities for businesses in both locations.
Economy shrinks by 1.3% YoY in Q2
This marks the second consecutive quarter of GDP contraction.
Population dips 1.6% in H1 2022 amidst persistent low fertility rates
The plunge in birth rate in the last two years was attributed to the COVID-19 pandemic.
Gov't launches new round of Fintech training, subsidy scheme
Subsidy for each approved project increased to $150,000.
Business sentiment of SMEs ‘eases’ in July
The current diffusion index dropped to 43.4 during the month.
Consumption vouchers to be disbursed to 6.36 million people
They will receive the first instalment on 7 August.
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