Economy
Exports up 15.4% to $327.9b in February on Asia growth
Exports up 15.4% to $327.9b in February on Asia growth
Total exports to Vietnam more than doubled during the month.
Employment down 0.3% in Dec 2024
Over 2.71 million people were employed across key industries in Hong Kong.
Hong Kong records BOP surplus of $31.4b in Q4 2024
The current account recorded a surplus of $96.3b.
Property-related income essential for GREs’ services: report
The reports forecasts the Urban Renewal Authority would receive extraordinary support.
GDP expands by 2.5% in 2024
Value added in all service activities taken together increased by 2.2% in 2024.
Gov’t rolls out first batch of low-altitude pilot projects
These initiatives cover emergency rescue, logistics, safety inspections, and surveillance, amongst others.
Hong Kong takes third spot in global financial centres index
Hong Kong’s overall rating rose by 11 points.
Consumer prices up 1.4% in February
Prices rose in categories such as housing, transport, and electricity.
HKMA issues caution after Fed holds interest rates steady
Federal funds target range remains unchanged at 4.25% to 4.50%.
New immigration scheme seeks to boost HK economy
Policy bureaus and departments will invite ASEAN nationals who can boost Hong Kong's economy.
Gross national income up 7.1% YoY to $898.6b in Q4 2024
Hong Kong’s gross national income (GNI) grew 7.1% year-on-year to $898.6b in the fourth quarter of 2024, exceeding the 5.3% increase in gross domestic...
Trade volume declines in January
Exports to Vietnam surged by 65.9%.
Business receipts value up YoY in Q4 2024
A double-digit increase was recorded in financing, insurance, and transportation.
Diffusion index down to 42.1 in February
Business receipts DI fell for logistics and retail trade.
HK condemns new round of US tariff
It will result in a cumulative 20% duty.
More and bigger IPO deals in Hong Kong expected this year
The IPO pipeline will be bolstered by relaxed monetary policy.
Gov't introduces one-off tax cut for 2024/25 tax year
A 100% reduction in profits tax, salaries tax, and tax under personal assessment has been proposed.
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Commentary
Strategic location tips for playgroups and education centres