Economy
Hong Kong posts $34.8b deficit in April
Hong Kong posts $34.8b deficit in April
Its expenditure is at $69.6b, whilst its revenue was $34.8b.
HK proactively solidifies global financial centre status
The International Monetary Fund said Hong Kong reaffirms its status amidst recovery.
Hong Kong to disburse remaining vouchers in July
This will inject $13b of purchasing power into the market.
Hong Kong is 7th most attractive market for businesses: report
The market posted a score of 8.25 in a business environment.
Monthly income grew 62.5% to $19,500 in 2011-2021
But their share of the domestic household income fell 84.1%.
Unemployment rate down 3% in February - April
The underemployment rate was unchanged at 1.2%.
Retirement anxiety: Less than half fear insufficient funds before retirement
The majority’s goal is to save more money in 2023.
Inflation up 2.1% in April
Prices of energy-related items, clothing and footwear, and takeaway food continued to rise.
Gov't begins Trade Single Window Phase 2
The second phase would cover new trade documents and incorporate new functions.
Hong Kong exports fall 20.9% in Q1
Prices of exports were 4.5% higher, however.
HK, Chongqing establish a cooperation mechanism
The parties will work together in 11 areas, including the Belt & Road Initiative.
7 in 10 Hongkongers are optimistic about their financial health
They are more optimistic than Singaporeans.
Number of applications for business support fund rising amidst return to normalcy
As of February 2023, HKPC approved around 5,700 applications.
Hang Seng increases HKD prime rate and savings rate starting 5 May
Amongst considerations in the adjustments is interbank rates.
Hong Kong Monetary Authority raises base rate to 5.5%
The growth came from a 25-point upward adjustment or a 3.28% average HIBORs.
Hong Kong Gov't issues 2.4m tax returns
Reductions from the amended Inland Revenue would reflect in their tax returns.
HK economy grows 2.7% in Q1
Q1 ended the four consecutive quarters of GDP decline.
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