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Feb exports value down 0.8%

The value of Hong Kong’s total exports decreased to $284.1 billion in February, down 0.8% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods fell 1.8% to $325.7 billion for the same period.   A trade deficit of $41.7 billion, or 12.8% of the value of imports, was recorded in February.   Comparing the three-month period ending February with the preceding three months on a seasonally adjusted basis, the value of exports rose 5.5%, while that of imports also increased 3.3%.   The Government noted that taking the first two months of the year together to remove the volatility caused by the difference in timing of the Lunar New Year, the value of exports posted a 16.6% growth against a very low base of comparison a year ago.   Exports to the Mainland and the US rose notably, while those to the European Union fell. Those to other major Asian markets recorded a mixed performance.   Looking ahead, the Gove

Transport fare subsidy extended

The Transport Department today said the temporary measure to relax the monthly transport expenses threshold of the Public Transport Fare Subsidy Scheme from $400 to $200 will be extended till December 31.   The monthly cap of the subsidy will also be temporarily increased from $400 to $500 from April 1 to December 31, the department added.   During the period from April 1 to December 31, the Government will provide a subsidy amounting to one-third of the actual public transport expenses in excess of $200, subject to a maximum of $500 per month for each Octopus.   The department reminded commuters that they can collect the subsidy of the previous month from the 16th of each month. The subsidy for each month is valid for collection within three months.     Commuters can also check their record of public transport expenses and subsidy amount through the Octopus app or the scheme’s hotline 2969 5500.
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