Retail shops around Causeway Bay have been hit hard by months of civil unrest. Photo: Edward Wong

Hong Kong economy: government announces fourth wave of relief measures worth about HK$4 billion, including tax instalment plan and subsidies for small firms

  • Financial Secretary Paul Chan says fresh round of measures aim to help small and medium-sized enterprises with their cash flow
  • Measures combined are expected to generate 2 per cent growth to city’s GDP, which will offset estimated loss caused by the civil unrest
Topic |   Hong Kong economy

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Retail shops around Causeway Bay have been hit hard by months of civil unrest. Photo: Edward Wong
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Tourist arrivals have taken a big hit since the protests broke out in Hong Kong. Photo: Dickson Lee

For struggling Hong Kong firms, rent cuts and return to peace more valuable than latest relief measures

  • Fourth round of measures, worth about HK$4 billion, primarily involve subsidies on utility bills and allow qualified individuals and firms to pay tax in instalments
  • But company bosses say what they really need are cut rents from landlords and a normal operating environment after nearly six months of unrest
Topic |   Hong Kong economy

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Tourist arrivals have taken a big hit since the protests broke out in Hong Kong. Photo: Dickson Lee
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