Financial Secretary Paul Chan Mo-po – Page 8 – Charm

Salary freeze for Hong Kong’s cash-strapped Urban Renewal Authority

Cs news10 months ago02 mins

Hong Kong’s cash-strapped Urban Renewal Authority (URA) has frozen the salaries of its 700 staff for the second time in four years, following an earlier decision by the government to pause pay rises for civil servants. The authority confirmed to the Post on Sunday that it had made the decision after reviewing employee salaries, a…

Hong Kong’s economy grows by ‘solid’ 3.1% in first quarter

Cs news10 months ago01 mins

Hong Kong’s economy expanded by 3.1 per cent year on year in the first quarter of 2025, according to advance government estimates. Figures released by the Census and Statistics Department on Friday showed gross domestic product (GDP) increased by an estimated 3.1 per cent in real terms in the first three months. A government spokesman…