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HONG KONG: As the Hong Kong government posts its first deficit in more than 15 years, all eyes will be on financial secretary Paul Chan’s budget release today and how he’ll tap cash reserves to stimulate an economy under pressure from months of unrest and the coronavirus outbreak.
HONG KONG (Bloomberg): Hong Kong’s economy is set to take another hit with jobless data for January expected to show a fourth straight monthly increase, extending its longest stretch of gains in a decade after months of political unrest.
HONG KONG (Xinhua): Hong Kong is likely to see its highest ever budget deficit in the next fiscal year as it deals with the impact of the outbreak of novel coronavirus pneumonia as well as the social unrest in the past months, the city's financial chief said on Sunday (Feb 16).
HONG KONG: Hong Kong is facing “tsunami-like” shocks, and may incur a record budget deficit in the next fiscal year as the city counts the costs of the coronavirus outbreak after months of social unrest, Financial Secretary Paul Chan said.
BEIJING: China pledged to roll out more effective stimulus despite a widening fiscal gap as the Covid-19 novel coronavirus hits an already slowing economy, highlighting the challenges the epidemic is imposing as the death toll stacks up and thousands of new cases are reported each day.BEIJING:
HONG KONG: Hong Kong is facing "tsunami-like” shocks, and may incur a record budget deficit in the next fiscal year as the city counts the costs of the Covid-19 (coronavirus) outbreak after months of social unrest, Financial Secretary Paul Chan said on Sunday (Feb 16).
HONG KONG (China Daily/ANN): The novel coronavirus outbreak has posed a double whammy for Hong Kong’s economy that’s already in a recession after being battered by months of social unrest, economists said.
BEIJING/MANILA: The first death from the coronavirus outside of China was reported on Sunday and the Beijing government took steps to shore up an economy hit by travel curbs and business shut-downs because of the epidemic.
LETCHUMANAN Anbalagan who is pursuing his law degree at a private university, credits his success to the Rotary Education Fund (REF), which provided mentorship to him.
HONG KONG: Hong Kong must not give up on its youth and should invest in future generations, Finance Secretary Paul Chan said at a forum Saturday (Jan 18) , Radio Television Hong Kong reported. The city faces declining income and a growing deficit as it tries to deal with ongoing social issues, Chan said.