Hong Kong

Fiscal reserves, meanwhile, stood at $927.8b, as of 31 March.

Nielsen sees a similar trend emerging in key categories such as shampoo and chocolate confectionary.

Financial pressure amongst Hongkongers remains intense, following several waves of the COVID-19 outbreak.

The Q1 performance, however, was lower by 9.8% year-on-year.

The company said the pandemic continues to affect its operations.

Suspension of flights from India, Pakistan and the Philippines have also been extended.

Most of these saw their salaries rise by between 3% and 5%.

This comes after Hong Kong’s economy contracted 6.1% over the course of 2020.

The bill is expected to relieve financial burden of taxpayers.

The government said the new social distancing measures would take effect from today, 29 April.

About half of 65 deals done by Savills were situated in non-core areas.

KPMG has identified three major sectors that will create the most opportunities.

Its net profit for the quarter amounted to $35.7b (US$4.6b).

The first round, suspended in December, will likely resume in May.

The government will accept applications for six months.

The Hang Seng Index extended its recent losses, closeing down marginally by 0.04% or 11.29 points to end at 28,941.54 on Tuesday. This comes as investors await comments from the policy meeting of the US Federal Reserve.