A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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Hong Kong Financial Secretary Paul Chan announced yesterday a budget to stabilise the economy, containing HK$120bn of counter cyclical measures. But the level of sweeteners at HK$80 billion this year, is 33% lower than last year’s HK$120 billion. The budget deficit is forecast to be a record HK$257.6 billion this year. That’s less than the government’s previous forecast of HK$300bn.
25/02/2021 - 8:08am Business and Market Discussion
Personal Wealth Advisor, Enzio von Pfeil, thinks that the measures contained in Hong Kong’s 2021-22 budget are "band-aids" but not a real cure for an economy affected by the pandemic.
Samuel Faveur Chief Executive Officer at Mandarin Capital laments that the budget is not efficient enough as the measures introduced lean towards corporates and is rather weak on the social aspect.
Kenneth Wong, Tax Partner at PwC Hong Kong thinks that the new unemployment loan scheme is unlikely to work and believes that more follow up plans and execution detail will be needed.