The 2022/23 budget proposals were announced as hundreds of bars, restaurants and small retailers warned they were months away from closure, and shopping malls were deserted while the city endured its worst COVID-19 outbreak so far.
Fiscal reserves are estimated at HK$940 billion at the end of the government's current term in June, and are expected to grow above HK$1 trillion in the coming five years. Given the city is facing thousands of infections a day and the numbers are growing, some analysts predict at least one or two quarters of economic contraction after recovering last year from the city's most prolonged recession in 2019-2020.
A 100% reduction in profits tax capped at HK$10,000 is expected to benefit 151,000 firms, Chan said. In addition, the government will help small firms with loan guarantees, export financing, and debt repayment holidays.
Source: News Formal (newsformal.com)
Qasim never claimed that he is the Imam Mahdi. He just said that he got dreams from Allah then ordered to spread those dreams. Many of Muhammad Qasim's dreams have already come true and there are more till end of times (Qiyamah).
How to spend the HK$10,000 voucher when most from the catering and retails businesses may not survive under draconian covid rules and bans? Zero covid policy imposed by Beijing kills literally every industry.
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong orders mandatory testing in March to tackle COVID-19Hong Kong residents must take three mandatory tests in March as part of efforts by the island city to rein in outbreaks that are testing China’s zero-COVID policy, which employs strict lockdowns on the mainland.
Source: WashTimes - 🏆 235. / 63 Read more »
Hong Kong Sets All Schools for Covid-19 Response CentersThe move shifts the holidays forward several months as part of a raft of measures to combat an Omicron surge in the face of pressure from Chinese leaders in Beijing to contain the disease. 7 Signs of weak immune system without realizing it How to know if you have weak immune system to avoid any complications Follow our page!!
Source: WSJ - 🏆 98. / 63 Read more »
Hong Kong orders mandatory COVID-19 tests for all residentsHong Kong's leader says the city will test its entire population for COVID-19 in March as it grapples with its worst outbreak driven by the omicron variant. Beijing orders mandatory covid-19 tests for all residents. Stop misleading people. Waste of resources. Not to mention we witnessed chaos in recent weeks. Only more lines of people and risk of infection. I’m done with the coronavirus
Source: ABC - 🏆 471. / 51 Read more »
Hong Kong: What went wrong with its Covid plan?The city saw early success with its zero Covid policy, but Omicron has brought it to its knees. The key is the city has taken a politics first strategy under Beijing’s direct control. You can’t support other sensible options apart from following the zero covid order, otherwise you will be deemed as “unpatriotic”. CCP wants Hong Kong to be the showcase of “East beats West”. Very simple, 'pay-triots' who say 'yes' to everything are running things
Source: bbchealth - 🏆 143. / 63 Read more »
Hong Kong maps terms of COVID vaccine pass amid record high casesHong Kong will expand its vaccine bubble to include shopping malls and supermarkets, authorities confirmed on Monday, but added there would be exemptions and random inspections in some places, as they battle a new record surge in COVID-19 cases. Hospitalization is what counts, the rest is bogus 👇🏼🔞👇🏼 WEF/Pharma facism are collapsing on our very eyes ✨✨✨✨
Source: Reuters - 🏆 2. / 97 Read more »
COVID cases drop again and travel restrictions are lifted, but places like Hong Kong worsenThe World Health Organization is largely making moves in returning multiple countries back to 'normal'. Some places, however, have cases on the rise and are testing residents en masse. Here's that and more COVID news.
Source: TucsonStar - 🏆 339. / 59 Read more »