Economy
Hong Kong needs to raise taxes to counter budget deficit— IMF board
Hong Kong needs to raise taxes to counter budget deficit— IMF board
Continued weakness of land premium revenues is a problem.
539 overseas firms expand in HK
This is the highest number of companies assisted by InvestHK to date.
Consumer prices up 1.4% in December
Price hikes were seen in categories such as alcoholic drinks, tobacco, and electricity.
Unemployment rate stays at 3.1%
The underemployment rate also stayed steady at 1.1%.
Jobless rate unchanged at 3.1%
The underemployment rates of the manufacturing and financing sectors declined.
HA endorses 2025/26 corporate plan, budget
It focuses on increasing public housing supply and improving sustainability.
HK sees 3.6% decline in deal activity in 2024
Markets such as China, Singapore, and Malaysia also saw declines in deal volume.
HK salaries to increase by 4% across all industries
The technology industry is forecasting the highest increase at 4.2%.
How can Hong Kong address its growing budget deficit?
A consolidated budget deficit of $94.8b is projected for 2025.
New measures to strengthen financial cooperation between HK, Mainland China
Hong Kong will launch a new RMB Trade Financing Liquidity Facility with a total size of $106.21b.
Hong Kong targets gold trading, global ties to boost economy
It aims to boost competitiveness by enhancing access to Mainland China's financial markets.
EPD announces new arrangements for plastic recycling set
The GREEN@COMMUNITY network will take over plastic recycling services after the pilot scheme ends.
HK sees 10% growth in startups in 2024
Growth has been especially strong in the health and medical fields.
Hong Kong GDP growth seen at 2.1% on weak consumption
Inflation is also expected to rise next year.
GDP growth slows in Q3
The services sector sees mixed results.
2025 budget to reflect public views
The public consultation, which began on Sunday, has already received a wealth of feedback.
Unemployment rate remains stable at 3.1% in September-November
Underemployment rate also stayed at 1.1%.
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