Economy
Hong Kong still struggles in some areas of corporate governance: report
Hong Kong still struggles in some areas of corporate governance: report
The country lags on whistleblowing and anti-graft enforcement stops at its borders.
HKMC records $362m loss in 2020
This was a drop from the $317m profit in 2019.
Hong Kong exports rose 32% in the first quarter
Import volumes also increased 24.4% during the first three months of the year.
Hong Kong GDP revised slightly up to 7.9%
The government maintained has its 3.5-5.5% forecast for the full year of 2021.
Hong Kong tightens health protocols for travellers from Taiwan
This comes amidst escalating cases of COVID-19 in Taiwan.
April sees optimistic SMEs, as sentiment rises to two-year high
The diffusion index on business receipts increased to 47.1, representing cautious optimism among small businesses.
Hong Kong's private sector ends 3-year decline in output
The Purchasing Manager’s Index posted 50.3 in April, IHS Markit reported.
Government eyes extensive voucher coverage
The e-consumption vouchers, however, will not be useable for paying government fees.
All is “not rosy” despite higher-than-expected economic growth
The 7.8% YOY GDP growth was above the 3.7% Bloomberg estimate, but it will take more than that to return Hong Kong to more prosperous times.
Economy rebounds 7.8% after six quarters of contraction
The GDP growth during the first quarter was linked to Hong Kong's stronger external trade.
Hong Kong's loan-to-deposit ratio rises to 83.3% in March
A gradual rise in loan demand is being seen as the economy begins to recover, OCBC has said.
Government records $232b fiscal deficit
Fiscal reserves, meanwhile, stood at $927.8b, as of 31 March.
Around 42% of consumers grapple to pay bills on time
Financial pressure amongst Hongkongers remains intense, following several waves of the COVID-19 outbreak.
Government sees “strong GDP growth” in first quarter
This comes after Hong Kong’s economy contracted 6.1% over the course of 2020.
Measure granting personal tax concessions passes LegCo
The bill is expected to relieve financial burden of taxpayers.
March sees $27b trade deficit
The total value of exports and imports rose 26.4% and 21.7%, respectively.
Inflation may still “reaccelerate”: OCBC
The bank maintained its inflation forecast at 1.6% to 1.8% in 2021.
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