Economy
Government to introduce second round of financial assistance
Government to introduce second round of financial assistance
But SMEs could suffer from the new measures to control the COVID-19 outbreak. Hong Kong's government will introduce a second round of financial...
Lack of government support could turn Hong Kong's economy for the worse
Its $19b fiscal stimulus package might be too small and regressive, according to experts.
Exports down 22.9% in January
Double-digit declines were recorded in the USA, Japan, the Mainland and Taiwan.
Hong Kong, Singapore, Osaka hailed world's costliest cities for expats
Asian cities continue to have the most expensive groceries.
Hong Kong lags Singapore as freest economy in the world
Free economies are said to enjoy incomes more than double the global average.
Nearly 3 in 5 firms fear virus crisis could spur restructuring
But for now, hiring continues for 63% of companies.
PMI sinks to lowest since 1998
GDP is expected to contract at an annual rate of nearly 5%.
Only 1 in 10 bosses bullish on global growth: survey
About 79% cited changing consumer behaviour as the top threat to their businesses’ growth.
HKMA cuts benchmark interest rate to 1.5%
It was in line with the US Fed’s cuts in response to the virus outbreak.
Hong Kong runs fiscal deficit for first time in 15 years
The government expects the deficit to widen to 4.8% of the GDP for next year.
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.
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