Economy
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.
Exports value dips by 1.5% YoY to $367.2b in March
The pace of decline, however, has moderated.
Unemployment rate drops to 3.1%
There were 115,100 unemployed from January to March.
Hong Kong CPI shrinks to 1.7% in March 2023
Food prices declined against a high benchmark caused by supply disruptions easing the city's inflation rate.
1 in 4 HKers expect business situation to be better in 2Q 2023
But one in ten anticipate the worst business conditions in the city.
Proposed tax concessions get approval
The measure to increase the child allowance was also passed.
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