Economy
How will businesses benefit from the 2022 budget proposal?
How will businesses benefit from the 2022 budget proposal?
The government increased by $10b the funding under the Hong Kong Growth Portfolio.
2022 budget shows commitment to revive economy: PwC
The budget includes extensive COVID-19 measures and tax reforms.
Vax pass update to promote inoculation
More premises will be covered in the vaccine pass later this month.
HKMA records 0.4% increase in total deposits in December 2021
Local currency deposits, meanwhile, decreased by 0.8%.
HK economy grows 6.4% in 2021
The growth reversed the declines of the previous two years.
HK opposes EU sanctions
The sanctions were based on restrictions on freedoms of expression, association, and press.
Hong Kong inflation grows by 2.4% in December
This is significantly larger than the 1.8% growth in November.
HK’s fiscal deficit to be lower than expected at $9b: PWC
The government’s estimate was $101.6b.
External merchandise trade volume up double digits in November 2021
Total exports and imports of goods rose by 14.6% YoY and 10.3% YoY, respectively.
HK expects $233.9b public sector investment for green energy
The funding will span the next 15 to 20 years.
Hong Kong to expand vaccine bubble coverage on 24 February
This will include restaurants and recreational facilities, among others.
Retail sales jump 7.1% YoY to $30.7b in November 2021
This is due to the positive consumer sentiment and the economic recovery.
Deposits inch up by 0.6% in November 2021
Total loans and advances “remained virtually unchanged.”
Export growth to slow down to 8% in 2022: HKTDC
Export growth in 2022 will be affected by four factors.
Business receipts of service industries rise in double-digits in Q3
Amongst industries, transportation had the highest growth, jumping 76.5% YoY.
Which sector had the highest total receipts for 2020?
The combined total receipts of the sectors decreased by 6.7% YoY to $4,614.7b.
HK places five more countries on their high-risk list
These five countries have Omricon cases.
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