News
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: 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.
Budget 2023: FS Chan believes HK’s economy will rebound in 2023
He predicts the economy to grow by 3.5 to 5.5% for the whole year.
Hong Kong GDP growth strengthens real estate demand
The city’s leasing and sales activity will see a noticeable recovery.
How can Hong Kong narrow down its fiscal deficit
KPMG China projected Hong Kong’s deficit to reach $120.9b in 2022/23.
Hong Kong deficit could hit $120.9b in 2022/23: KPMG China
This is double the government’s estimates of $56.3b, KPMG China projected.
HKEX to launch 3 new stock option classes
The new option classes will be available on 6 March.
HK Transport Department sets up 34 HKeToll service points
These consultation counters will assist vehicle owners in applying for HKeToll’s services.
Negative absorption seen in Grade A office market in January
JLL linked this to the Chinese New Year, traditionally a low season.
Nearly 4 in 10 Hongkongers will give up best medical treatment due to higher cost
Critical or serious illnesses treatment is expected to be the costliest.
Around 3 in 10 Hongkongers prefer shopping online
Over half of the consumers in Indonesia and Thailand would rather buy online.
Hang Seng Bank’s profits down 27% to HK$10.16b in 2022
The bank has announced a fourth interim dividend of HK$2 per share.
Hong Kong launches consultation for virtual asset trading platforms
The SFC is seeking views on whether to allow license platform operators to serve retail investors.
Hong Kong welcomes anti-money laundering report
The report assessed the city’s anti-money laundering system as “compliant.”
Hong Kong strengthens copyright law
Amendments include new exceptions and a “safe harbour” regime.
2 new HKeToll service counters installed
These will help drivers and owners apply for the toll service.
Composite interest rate rises to 2.17% in January
It is because of increased weighted funding costs for deposits.
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