Economy
Eligible residents to receive $6,000 handout
Eligible residents to receive $6,000 handout
$38 billion is set to be approved for the “Scheme $6,000”.
Exports down 4.3%
This as domestic exports saw an 8.3% decline.
China’s inflation shoots to 34-month high of 5.5% in May
This is due to the higher than expected food inflation which increased to 11.7%.
Export weakness looms
This as leading indicators are said to be turning down again.
Inflation is intensifying as projected: UBS
Accelerating cost pressures are said to be driven by HKD weakness, rising Chinese inflation, continued asset reflation, and domestic credit expansion...
Private consumption to grow 6%, says analyst
This is due to the one-off cash handouts to the consumers in this year’s revised budget.
Hong Kong government pushes for Mandatory Provident Fund hike
The government proposes increase the monthly minimum income level to $6,500 from November and the maximum level to $25,000 from June next year.
Business receipts of couriers up 26.6%
The government said most of the major service industries recorded increases in business receipts in the first quarter.
Hong Kong first quarter GNP up 7%
Total factor income inflow was estimated at $228.4bn, equivalent to 50.6% of GDP, up 13.9% over a year earlier.
Hong Kong’s fourth quarter industrial indices up
Industrial production for manufacturing industries as a whole increased 3.5% in the first quarter while producer price index surged 8.2% in the same...
Hung Hom restaurant slapped with suspension
The Director of Food and Environmental Hygiene has ordered a restaurant in Hung Hom to suspend business for 14 days. The restaurant operator, who...
Hong Kong economy shows more signs of overheating--Hang Seng
Despite growing economic growth of 7.2% in the first quarter, business has become less willing to commit investment spending, as companies see more...
Wang Guangya to visit Hong Kong
The Hong Kong & Macau Affairs Office Director will be here from June 12 to 14.
HK foreign currency reserves in May down by US$1bn
Hong Kong incurred no unsettled forward contracts at the end of April and May.
China to overtake US as biggest banking economy by 2023—PwC
Experts expect domestic banking assets to exceed US$30 trillion by 2030.
Hong Kong and Czech Republic ink tax agreement
Hong Kong is still seeking to widen its network of tax agreements with major trading and investment partners.
Hong Kong to boost copyright protection
Copyright (Amendment) Bill 2011 aims to be more flexible in the wake of rapid advances in technology.
Read Here
Advertise
Sign Up
Commentary
Hong Kong hospitality: Momentum and the new lifestyle era
Understanding Hong Kong’s new land premium policy
Hong Kong: At the forefront of digitalisation and evolving international disputes
AI drug discovery, GLP-1, and the next wave of Hong Kong biotech listings