Economy
HK lands 5th in world competitiveness ranking
The city’s economic performance, business efficiency, and infrastructure improved.
Economist lifts Hong Kong outlook, citing stronger economic prospects
UOB now predicts a 2.9% economic growth, up from 2.5%
Hong Kong leads as the world's most expensive city
Expensive housing, transportation, and goods drove up the city's cost of living.
Guangdong, HK, and Macao sign pact for enhanced emergency response
It will establish a government-led mechanism for handling regional emergencies.
HKMA reports 2.2% rise in total bank deposits
Total remittance of RMB for cross-border trade settlement saw $176b.
Companies adapt to new HKEX climate disclosures
Enhanced transparency and strategic adjustments drive corporate responses to the amended ESG Framework at the Hong Kong Stock Exchange.
Gov’t proposes fire safety penalty hike
Violators may soon pay as much as $200,000.
Govt greenlights tax relief bill
The bill will cut taxes on profit, salaries, and personal assessment.
Consumer price growth eases to 1.1% in April
Prices for transport, housing, and clothing saw increases in April.
Hong Kong leads in financial services with green initiatives
Hong Kong's pioneering green finance initiatives position it as a major player in financial services.
Unemployment rate stands at 3%
There were 113,700 unemployed people from February and April.
Hong Kong and Peru finalise FTA, signing planned for this year
The agreement will cover trade in goods, services, and investments.
Service exports drive HK's 2.7% GDP growth in 1Q24
Exports of services grew 8.4% YoY.
Enhanced bill for social workers unveiled
It is set for first and second readings in LegCo on 22 May.
Hong Kong funeral industry embraces green burials
Rising demand for sustainable funeral practices shapes the market.
Gov’t urged to reform Social Workers Registration Board governance
The board’s current operations are allegedly deviating from its legal obligations.
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