Hong Kong
Budget 2023-24 aligned with government’s policy direction, says chief secretary
Budget 2023-24 aligned with government’s policy direction, says chief secretary
Some of the measures include consumption vouchers for eligible citizens.
BUDGET 2023: Hong Kong to allot $200m for New Energy Transport Fund
The government also plans a $350m subsidy to four in-harbour operators.
BUDGET 2023: HK to give $5k consumption vouchers to ease economic woes
The government will also hold off on increasing taxes.
BUDGET 2023: New spending plan backs Hong Kong’s recovery
Chief Executive John Lee said the budget measures will restore Hong Kong’s position as an investment hub.
BUDGET 2023: Hong Kong eyes higher cigarette tax
It was proposed to increase duty on cigarettes and other tobacco products by 60 cents per stick.
BUDGET 2023: $54.4b deficit seen in 2023/24
This is down from the estimated $139.8b deficit in 2022/23.
Budget 2023: FS Chan believes HK’s economy will rebound in 2023
He predicts the economy to grow by 3.5 to 5.5% for the whole year.
Budget 2023: Gov’t lays out measures to support business
Measures include reducing profits tax for the year of assessment 2022-23 by 100%.
Hong Kong GDP growth strengthens real estate demand
The city’s leasing and sales activity will see a noticeable recovery.
How can Hong Kong narrow down its fiscal deficit
KPMG China projected Hong Kong’s deficit to reach $120.9b in 2022/23.
Hong Kong deficit could hit $120.9b in 2022/23: KPMG China
This is double the government’s estimates of $56.3b, KPMG China projected.
HKEX to launch 3 new stock option classes
The new option classes will be available on 6 March.
HK Transport Department sets up 34 HKeToll service points
These consultation counters will assist vehicle owners in applying for HKeToll’s services.
Negative absorption seen in Grade A office market in January
JLL linked this to the Chinese New Year, traditionally a low season.
Nearly 4 in 10 Hongkongers will give up best medical treatment due to higher cost
Critical or serious illnesses treatment is expected to be the costliest.
Around 3 in 10 Hongkongers prefer shopping online
Over half of the consumers in Indonesia and Thailand would rather buy online.
Hang Seng Bank’s profits down 27% to HK$10.16b in 2022
The bank has announced a fourth interim dividend of HK$2 per share.
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