Economy
HK dollar deposits decrease by 0.5% in April
Total deposits with authorised institutions decreased by 0.3% in April.
HK dollar deposits decrease by 0.5% in April
Total deposits with authorised institutions decreased by 0.3% in April.
HKPC launches Green Hall
This will help Hong Kong achieve its carbon neutrality goal before 2050.
Hong Kong sees exports rise 1.1% in April
Total exports of goods stood at $389b.
Around 1 in 10 Hong Kongers show PTSD symptoms one year after COVID
Unemployment and time spent watching pandemic news were linked to the symptoms.
Investors shouldn’t be overly alarmed amidst HKD peg resilience: Bank of Singapore
Risk of Hong Kong Dollar de-pegging is very low.
Unemployment rate rises to 5.4% from February to April
The total number of unemployed people stands at 206,100.
GDP shrinks by 4% YoY in Q1
This is a reversal from the growth in the previous four quarters.
Hong Kong GDP to shrink by 4.0% YoY in Q122: estimates
This will mark the first contraction since Q4 2020.
HK CEOs less optimistic about economic growth than their global counterparts
Executives' confidence in their revenue growth also declined.
Over half of Hong Kong SMEs expects to overcome 5th COVID-19 wave
Whilst 57% see their revenue will remain the same or grow in the next three months.
Businesses OK lifting of flight ban on 9 countries, says gov’t
Businesses also welcomed the government’s shortened hotel quarantine period.
Government to launch next phase of Employment Support Scheme
The next round will be focused on helping SMEs.
SME receipts diffusion index dips to 29.9 for February
The logistics and real estate sectors saw the most dips at 20 and 25.9, respectively.
OLA to continue subsidy efforts under Anti-Epidemic Fund's 6th round
The application period is set to last until 17 March.
Hong Kong falls 19 places to 77th in latest liveability rankings
COVID-19 restrictions and tightened press freedom contributed to the dip in the list.
SMEs to receive half-price concession measures
It applies to new R&Ds, consultancy projects, and testing services.
Fifth Covid wave to lower residential sales volumes and retail sales: Moody's
Companies are expected to weather out disruptions for up to 6 months.
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