Economy
Exports rise for the first time in 12 months
Exports rise for the first time in 12 months
It grew 6.3 points to 30.9 points in the second quarter of 2022.
Hong Kong is world's 5th most competitive market
The city jumped two places from last year's ranking.
Lam OKs reappointment of Laura Cha as HKEX head
Cha was elected during a board meeting on 27 April.
Hong Kong retains its crown as most expensive location in the world
Higher prices and stronger currency have allowed the city to continue its reign.
Premature to say if HK is facing a sixth wave: Lam
The city has been seeing an increase in positive cases since the beginning of June.
HK dollar deposits decrease by 0.5% in April
Total deposits with authorised institutions decreased by 0.3% in April.
HKPC launches Green Hall
This will help Hong Kong achieve its carbon neutrality goal before 2050.
Hong Kong sees exports rise 1.1% in April
Total exports of goods stood at $389b.
Around 1 in 10 Hong Kongers show PTSD symptoms one year after COVID
Unemployment and time spent watching pandemic news were linked to the symptoms.
Investors shouldn’t be overly alarmed amidst HKD peg resilience: Bank of Singapore
Risk of Hong Kong Dollar de-pegging is very low.
Unemployment rate rises to 5.4% from February to April
The total number of unemployed people stands at 206,100.
GDP shrinks by 4% YoY in Q1
This is a reversal from the growth in the previous four quarters.
Hong Kong GDP to shrink by 4.0% YoY in Q122: estimates
This will mark the first contraction since Q4 2020.
HK CEOs less optimistic about economic growth than their global counterparts
Executives' confidence in their revenue growth also declined.
Over half of Hong Kong SMEs expects to overcome 5th COVID-19 wave
Whilst 57% see their revenue will remain the same or grow in the next three months.
Businesses OK lifting of flight ban on 9 countries, says gov’t
Businesses also welcomed the government’s shortened hotel quarantine period.
Government to launch next phase of Employment Support Scheme
The next round will be focused on helping SMEs.
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