Recent weakness in the Hong Kong dollar against some regional currencies has made the city more appealing to inbound tourists while lowering the costs of services, economists and industry leaders have said. The Hong Kong dollar, pegged to the US dollar, weakened against a basket of currencies as reflected in the US dollar DXY Index,…
Hong Kong Financial Secretary Paul Chan Mo-po warned of more volatile trading ahead but refrained from intervening in the market after the city’s benchmark Hang Seng Index suffered its steepest fall in decades on Monday amid fears over repercussions of US President Donald Trump’s trade war. While Chan held off from introducing measures, he nevertheless…
The Hong Kong Sevens rugby tournament and other mega-events being held during a month-long “Super March” campaign will boost the local economy but they are unlikely to generate a multiplier effect similar to concerts by US pop star Taylor Swift, experts have said. The Sevens, which run from Friday to Sunday, along with Art Basel…
Hong Kong must prioritise cutting expenses and even consider raising taxes after authorities more than doubled their fiscal deficit estimate, observers have said, with some warning a reliance on land sales has become a structural problem. Experts weighed in after finance chief Paul Chan Mo-po revealed his earlier projection of a HK$48 billion deficit for…
Hong Kong must prioritise cutting expenses and even consider raising taxes after authorities more than doubled their fiscal deficit estimate, observers have said, with some warning a reliance on land sales has become a structural problem. Experts weighed in after finance chief Paul Chan Mo-po revealed his earlier projection of a HK$48 billion deficit for…