Economy
Basic food items consume 26% of employees' minimum wage earnings
Employees earn a minimum of $6,933 net monthly.
Basic food items consume 26% of employees' minimum wage earnings
Employees earn a minimum of $6,933 net monthly.
HK Chief Exec concerned over Cathay Pacific flight cancellations
The Transport & Logistics Bureau will be in contact with the airlines’ management, CE John Lee said.
2024-2025 budget likely to focus on boosting recovery: expert
UOB experts expect measures on housing, low fertility, and talent.
Unemployment rate remains at 2.9%
There were 112,400 unemployed people from September to November.
Hong Kong kicks off public consultation on the 2024-25 budget
The 2024-25 budget will pursue development aimed at promoting stability.
Exports to grow by 4% to 6% in 2024
Exporters will focus on cash flow management next year.
Hong Kong rejects negative credit outlook rating
Moody's downgraded Hong Kong’s outlook rating from stable to negative.
HK, Saudi Arabia ink investment promotion pact
The pact will strengthen economic relations between the two markets.
Gov’t logs $172.9b deficit
The figure covers the first seven months of the current financial year.
Inflation up 2.7% in October
Composite CPI increased by 1.7% YoY.
Digitalisation is mandatory for competitive business
Digital transformation goes beyond technology as it encompasses cultural and operational shifts in the business landscape.
Unemployment rate rises to 2.9%
There were 115,800 unemployed people from August to October.
FS Paul Chan meets APEC finance ministers in San Francisco
Chan shared views on topics such as green and sustainable finance.
HK economy grows 4.1% YoY in 3Q23
Despite the increase, the government cut its 2023 economic growth forecast to 3.2%.
2023 GDP growth to be above 3%: FS Chan
Export of services will be the main growth driver for the rest of the year.
Foreign currency reserves hit US$416b in September
It increased from the US$415.7b record in September.
GDP up 4.1% in Q3: advanced estimates
Tourism and private consumption will underpin growth; exports remain weak.
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