Economy
Hong Kong introduces one-off subsidy for citizens in transitional housing
As many as 35,000 are expected to benefit from the trial scheme.
Hong Kong introduces one-off subsidy for citizens in transitional housing
As many as 35,000 are expected to benefit from the trial scheme.
Gov’t to simplify retirement process for poor-performing civil officers
This is to encourage civil service newcomers.
Jobless rate at 2.8% in May-June 2023
The number of unemployed people dropped by 1,900 compared to April-June.
HK is fourth place in the best market for FX traders rankings
It was bested by China, Japan, and its economic rival, Singapore.
Population up 2.1% as residents return from overseas
About 170,000 residents who were staying abroad have returned.
Hong Kong GDP to grow 4% to 5% in 2023
Full-year GDP growth is now expected to fall between 4% to 5%.
Hong Kong faces likely shortage of 60,000 elderly residential places
JLL expert urges swift action to shelter the growing elderly population before other demographics share in the same housing woes.
Inbound tourism push the HK economy to further recovery in 2Q23
In Q2, GDP grew by 1.5% YoY.
Hong Kong, Zhongshan to reinforce cooperation
They will cooperate in various areas such as finance and trade, amongst others.
GDP growth eases to 1.5% in 2Q23Â
In 1Q23, the economy grew by 2.7%.
HK and Indonesia ink 15 deals on trading, commerce, and finance
The memoranda were signed during Chief Executive John Lee’s Jakarta visit.
Exports value dips by 11.4% YoY to $337.4b in June
The pace of decline, however, has moderated.
Singapore, Hong Kong reinforces ties with 7 new MOUs signed
Hong Kong Chief Executive John Lee visited Singapore as part of a week-long ASEAN trip.
Consumer prices rise 1.9% YoY in June
The rate of increase in June was slower than May.
Unemployment rate dips to 2.9%
There were 113,600 unemployed people from April to June.
Gov’t logs $71.9b deficitÂ
The figure was only for the first two months of the current financial year.
Average wage rate up 3.2% in March
Ongoing economic recovery is expected to drive labour demand.
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