Hong Kong
Budget 2023: Gov’t balances fiscal prudence with support amid rising costs
An expert from PwC said the budget was “well-calibrated.”
Budget 2023: Gov’t balances fiscal prudence with support amid rising costs
An expert from PwC said the budget was “well-calibrated.”
Business organisations applaud 2023 budget proposals
Under the budget, the government will allocate an additional $550m in funding to HKTDC.
Consumer prices rise 2.4% YoY in January
The rate of increase picked up from December.
Border reopening boosts retail sentiment: CBRE
Asking rents in tourist hotspots have increased since January.
Expert sees little chance of relaxation on property cooling measures
JLL, Colliers, and CBRE weigh in on the latest budget measures for property.
Hong Kong plans to develop AI centre
The Supercomputing centre will boost the city’s demand for AI services.
BUDGET 2023: HK faces ‘new stage’ toward economic growth
Secretary Chan added that the city’s financial system displayed resilience.
BUDGET 2023: HK gov't provides money to set up mega events
These events will attract more tourists and boost the city’s tourism.
BUDGET 2023: HK Provides Financial Aid to Explore and Tap Markets
The government is also giving monetary assistance to SMEs.
BUDGET 2023: Government adjusts ad valorem rates for property sales
The adjustment will help first-time buyers who want to purchase properties.
BUDGET 2023: Hong Kong pushes for Airport City development
Several projects are lined up to support the market’s international aviation hub status.
Budget 2023-24 aligned with government’s policy direction, says chief secretary
Some of the measures include consumption vouchers for eligible citizens.
BUDGET 2023: Hong Kong to allot $200m for New Energy Transport Fund
The government also plans a $350m subsidy to four in-harbour operators.
BUDGET 2023: HK to give $5k consumption vouchers to ease economic woes
The government will also hold off on increasing taxes.
BUDGET 2023: New spending plan backs Hong Kong’s recovery
Chief Executive John Lee said the budget measures will restore Hong Kong’s position as an investment hub.
BUDGET 2023: Hong Kong eyes higher cigarette tax
It was proposed to increase duty on cigarettes and other tobacco products by 60 cents per stick.
BUDGET 2023: $54.4b deficit seen in 2023/24
This is down from the estimated $139.8b deficit in 2022/23.
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