atans1

Hey Heng, HK annced help package for economy

In Economy, Hong Kong on 16/08/2019 at 1:51 pm

Where’s ours? U waiting for election is it?

Remember the govt recently cut its growth forecast

Taking into account the global and domestic economic environment, as well as the performance of the Singapore economy in the first half of the year, the GDP growth forecast for 2019 is downgraded to “0.0 to 1.0 per cent”, from “1.5 to 2.5 per cent”, with growth expected to come in at around the mid-point of the forecast range.

MTI

HK has cut its 2019 growth forecast to between 0-1%, from 2-3%.

The HK govt announced a US$2.4bn economic support package on Thursday in a bid to ease headwinds.

Financial Secretary Paul Chan said it would include subsidies for businesses and the underprivileged as well as higher salary tax rebates. He stressed that the package was not in response to escalating political protests in the territory.

  1. No worries man!! Wait for NDR!! LOL!!

    Only thing is don’t be sad if most of the stimulus is for companies (including worker training)! Hahaha!

    Thailand just announced theirs at US$10.2B.

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