Economy

Unemployment and time spent watching pandemic news were linked to the symptoms.

Risk of Hong Kong Dollar de-pegging is very low.

The total number of unemployed people stands at 206,100.   The unemployment rate rose by 0.4 percentage points to 5.4%  from February to April, when...

This is a reversal from the growth in the previous four quarters.

This will mark the first contraction since Q4 2020.

Executives' confidence in their revenue growth also declined.

Whilst 57% see their revenue will remain the same or grow in the next three months.

Businesses also welcomed the government’s shortened hotel quarantine period.

The next round will be focused on helping SMEs. 

The logistics and real estate sectors saw the most dips at 20 and 25.9, respectively.

The application period is set to last until 17 March.

COVID-19 restrictions and tightened press freedom contributed to the dip in the list. 

It applies to new R&Ds, consultancy projects, and testing services.

Companies are expected to weather out disruptions for up to 6 months.

The postponement aimed to decrease the risk of COVID-19 spread.

This follows the $3.8b earlier investment to make HK a tourism destination.