Hong Kong's Finance Secretary Paul Chan delivers the annual budget address at the Legislative Council in Hong Kong, China on Feb 22, 2023.HONG KONG — Hong Kong will give more handouts to consumers to support the city's recovery from a prolonged economic downturn induced by Covid-19 restrictions, Financial Secretary Paul Chan announced in the 2023/24 budget on Wednesday .
Chan told legislators the city was at the beginning of an economic recovery, no longer shackled by stringent Covid measures that have isolated it from the rest of the world. "However, the economic recovery is still in its initial stage, and there is a need for our people and businesses to regain vigour."
Hong Kong counts on increased cross-border business with mainland China, which has also given up enforcing Covid rules.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
You just might see more of Hong Huifang in shows in China, Hong Kong and TaiwanMediacorp and entertainment agency Catwalk Taiwan will now be co-managing the Ajoomma actress’ overseas projects.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hong Kong flags handouts to speed up recovery from Covid-19 shockThe Covid-19 pandemic brought Hong Kong to its knees, but all that is behind it now, says Financial Secretary Paul Chan. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Hong Kong under pressure to cut spending in budget as deficit soarsHONG KONG : Hong Kong is under pressure to rein in spending when it unveils its annual budget on Wednesday, after racking up huge fiscal deficits during the COVID-19 pandemic and as it struggles to kick-start the economy and regain its financial lustre.The sustainability of the city's fiscal reserves has
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hong Kong moves to bar overseas lawyers from security trialsThe move came after jailed media mogul Jimmy Lai sought clarity if he can be represented by his UK-based lawyer. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Hong Kong star Tony Leung poses with elderly fans at Gardens by the BayIt looks like Hong Kong star Tony Leung Chiu Wai squeezed in a spot of low-key sightseeing in Singapore in early February. On Sunday, local netizen Jaden Lim posted on TikTok a photo of two elderly women posing with the 60-year-old actor at Gardens by the Bay. Mr...
Source: thenewpaper - 🏆 7. / 63 Read more »
Controversial doctor who gene-edited babies gets Hong Kong visaDr He Jiankui plans to explore opportunities to work in Hong Kong on gene therapies for rare diseases. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »