Economy
Accommodation industry suffers 59.2% plunge in activity
Accommodation industry suffers 59.2% plunge in activity
Major service industries saw decreases of different magnitudes for 2020.
SME business receipts diffusion index up to 44.4
All surveyed sectors saw an increase in diffusion index in February 2021.
Stamp duty amendment bill to be introduced to LegCo
If approved, the new stamp duty rate will take effect in August 2021.
Number of women in senior leadership roles increasing: report
But Asia Pacific trails behind other regions.
January retail sales drop 13.6%
Total retail sales amounted $32.6b in January 2021, partially linked to the Lunar New Year celebration.
Hong Kong's ultra wealthy population breaches 5,000
The ultra wealthy population is expected to grow by another thousand by 2025.
Ultra wealthy population in APAC to rise 33% in 2025
This is higher than the global average of 27% rise in ultra wealthy population.
Australian firms may bank on Hong Kong's growth in GBA: government
The Greater Bay Area’s economy is seen to reach over US$4.7t by 2030.
What the Big 4 say on Hong Kong's 2021/22 budget
Here’s how EY, Deloitte, PwC and KPMG weighed in on the increased stamp duty and more.
Hong Kong records $25.2b trade deficit in January
The country’s value of total export and increased both increased YoY.
EPD rolls out Reverse Vending Machine pilot scheme
Citizens will receive a $0.1 rebate for each beverage container returned.
Hong Kong Budget 2021: $8.4b for COVID-19 vaccines; no new taxes
The Hong Kong government sees 3.5%-5.5% economic growth in 2021.
WTO creates panel to settle dispute with US on 'Made in Hong Kong' label
The government has asserted the US ban on 'Made in Hong Kong' markings counters WTO rules.
Hong Kong's external merchandise trade up in December
Total volume of exports and imports rose by 11.6% and 13.7%, respectively.
Jobless rate climbs to 7% in January after COVID fourth wave
Census and Statistics Department said the rise to 7% unemployment rate is the highest in 17 years.
SMEs continue to suffer from pandemic
But they saw a slight improvement compared to December 2020.
China's M&A rises 30% to US$733.8b in 2020
This is driven by strong state and government investment support.
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