Economy

Civil Service Bureau proposes 5.26% pay hike for lower income civil servants
13 Jun 19
The proposed adjustment took into account cost of living and pay claims, amongst others.
The Asian Export Awards 2019 is now open for nominations
11 Jun 19
The search is on for the leading exporters in Asia.
Entertainment and media revenue to make up 60% of Hong Kong's revenue by 2023
7 Jun 19
It will primarily be driven by the OTT segment’s 18.7% CAGR to $3.14b.
Hong Kong beats US but trails Singapore in world competitiveness rankings
29 May 19
The city had stellar scores in government and business efficiency.
Hong Kong's quality of life is the world's 44th best: report
28 May 19
Meteoric property prices put Hong Kong behind cheaper Asian cities.
Exports down 2.6% to $321.5b in April
28 May 19
Double digit export volume declines were recorded in India, Taiwan and the US.
Inflation up 2.9% in April
28 May 19
Higher prices for food, housing and transport offset declines in utilities.
Over $13b of arrears owed to Hong Kong SMEs in 2018
22 May 19
More than one in ten invoices were left unpaid.
Hong Kong exports down 3% in March
21 May 19
Double digit export volume declines were recorded to mainland China and India.
Hong Kong GDP growth to recover after bottoming out in Q1
8 May 19
Private consumption and investment growth will prop up the struggling economy.
Hong Kong's GDP growth slowed to 0.5% in Q1
3 May 19
Both exports and imports of goods continued to see declines.
Hong Kong could be ideal data depository for Greater Bay Area: report
30 Apr 19
Its international positioning and robust data protection framework make it the ideal location for the region.
Inflation up 2.1% in March
24 Apr 19
Consumer prices for food, housing, and alcohol rose and offset declines in utilities.
Hong Kong Business welcomes nominations for the National Business Awards 2019
17 Apr 19
Deadline for entries is on 12 July 2019.
Hong Kong Business opens nominations for HKB International Business Awards 2019
3 Apr 19
Deadline for nominations is on 12 July 2019.
Vietnam GDP rose 6.8% in Q1
1 Apr 19
The growth was mainly driven by agriculture, forestry and fishery, industry and construction, and services.
Hong Kong named as the most vulnerable APAC country to Chinese trade decline
20 Mar 19
Most of the region’s exports are being absorbed by China.
Hong Kong and Paris squeeze into Singapore's throne as costliest city globally
20 Mar 19
Hong Kong moved from the 4th place last year to the top in 2019.
Hong Kong's economy slumped 1.3% in Q4 2018: report
20 Mar 19
This was the slowest pace of GDP growth since 2016.
China to develop platform economy in 2020
8 Mar 19
The country is aiming to build a commodity circulation system that fits the modern economic system.
Almost half of Hong Kong SMEs have no desire to internationalise
6 Mar 19
Three in five SMEs operate in Hong Kong only.
PMI hits 48.4 in February as demand and output sink
6 Mar 19
Output dropped for the eleventh straight month.
Malaysia's exports inched up 3.1% in January
5 Mar 19
The exports of manufacturing and mining goods underpinned export growth.
GDP growth may moderate to 2.2% in 2019 amidst cautious business sentiment: analyst
1 Mar 19
Q4 2018’s slower GDP growth was mainly driven by a significant drop in fixed investment growth to -5.4% YoY.
Hong Kong's 2018 budget surplus dropped 57% to $58.7b
28 Feb 19
This was partly blamed to weakened revenues of land premium and stamp duties.
GDP growth grinds to a halt at 1.5% in Q4
20 Feb 19
It was significantly lower compared to the 3.7% increase in the first three quarters.
Half of Hong Kong adults struggle to make investment decisions: poll
19 Feb 19
Respondents lament small wages and overspending in meeting their financial goals.
China's exports rebounded 9.1% in January
19 Feb 19
Exports to EU, Japan, South Korea and ASEAN have recovered.
Japan's GDP growth slowed to 0.7% in 2018
15 Feb 19
Companies that supply parts and components to China were hit by weak demand.
PMI hits 48.2 in January as trade war gloom persists
13 Feb 19
This is the tenth consecutive month of deterioating private business conditions.
Trade war could hit half a percentage point of Hong Kong GDP: official
13 Feb 19
Higher tariffs will hit consumers right in the pocket.
China heightens infrastructure spending to prop up slowing economy
12 Feb 19
The government is actively spending for railway, highways, airports and water conservancy projects.
Malaysia GDP growth to hit 4.7% in Q4
12 Feb 19
The construction sector will receive a boost as the government's resumes infrastructure spending.
South Korea's fiscal surplus may narrow to 0.6% in 2019
7 Feb 19
The decrease came as the government is tipped to splash out $250b to boost job growth.
Goods and services complaints up 5% in 2018
6 Feb 19
Vaccination grievances climbed four times amidst the inadequate supply of the HPV vaccine.
Hong Kong retains crown as world's freest economy
31 Jan 19
The SAR had stellar scores in trade and monetary freedom.
Exports down 5.8% to $339.9b in December amidst trade war drag
30 Jan 19
Trade volumes to India crashed 35.9%.
Inflation dips to 2.5% in December
23 Jan 19
The growth in food prices hit 3.8%.
Budget surplus to hit $56.4b in 2019 amidst hefty land sales revenue: KPMG
23 Jan 19
The figure is 62% higher than the government estimate.
APAC CEOs more optimistic than global average
22 Jan 19
Half of the region's top execs expect growth to improve in 2019 despite economic uncertainties.

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