Economy
Consumer prices rise 2.2% YoY in September, slowing from August
Consumer prices rise 2.2% YoY in September, slowing from August
In August, prices increased by 2.5% YoY.
UOB hikes GDP forecast to 2.9% despite rising inflation, economic headwinds
Hong Kong faces weak external demand and low consumer confidence, amongst other challenges.
Gov't receives over 300k applications for new silver bonds batch
The total issuance amount is set at $55b and will be issued on 23 October.
Jobless rate holds steady at 3%
The number of jobless individuals however dropped by 1,700.
Hong Kong ranks as world's freest economy
Amongst the five areas of assessment, the city ranked top in ‘freedom to trade internationally’ and ‘regulation.’
2024 Policy Address: Industry stakeholders laud Lee’s policies on economy and IT development
The government plans to set up the $10b IT Industry-Oriented Fund.
2024 Policy Address: HK reinforces commitment to ‘one country, two systems’
It is seen to play a crucial role in supporting national security.
Chief Executive John Lee reaffirmed his administration's dedication to the “one...
2024 Policy Address: HK to roll out 20 digital initiatives to enhance public services
These initiatives will leverage AI and blockchain technology.
2024 Policy Address: HK sets sights on becoming int’l gold trading centre
A working group will be formed to establish an international gold trading centre.
2024 Policy Address: 60,000 housing units to be built in Northern Metropolis
Over 150,000 housing units are expected to be built there over the next decade.
2024 Policy Address: Hong Kong cuts tax on liquor priced above $200 to 10% to boost trade
The previous rate was 100%.
HK leads in business confidence index in GBA
However, the current performance index for business activity dropped to 50.6 from 54.1.
Hong Kong posted the highest business expectations within the...
Home & Youth Affairs Bureau launches family education scheme
Deadline for submissions is on 22 November.
The Home & Youth Affairs Bureau and the Family Council have launched a five-year “Funding Scheme on the...
Amended banking capital rules to take effect January 2025
These amendments incorporate the Basel III final reform package.
HKTE promotes initiatives abroad to attract talent
It will continue to promote opportunities abroad and target key markets.
Diffusion index inches up to 41.6 in September
The one-month ahead outlook DI on business receipts rose to 47.
Hong Kong consumers delay big purchases amidst low confidence
They are now prioritising their personal well-being.
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