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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

CE-elect's office established

The Government announced today that the Office of the Chief Executive-elect has been set up to ensure a smooth transition to the new term of government following the 2022 Chief Executive Election this Sunday.   Former Director of Administration Daniel Cheng has assumed the post of Secretary-General (designate) of the office.   The office will support the Chief Executive-elect in forming a governing team and preparing for policy plans based on the Chief Executive-elect’s manifesto.   It will also collaborate with the incumbent Government for a smooth transition, including making arrangements for major events relating to the celebration of the 25th anniversary of Hong Kong’s return to the motherland, and liaise with different sectors of the community.   Housed on the 26th floor of the Immigration Tower in Wan Chai, the office will have five directorate posts and over 20 non-directorate places. It will formally operate from the day the sixth-term CE is elected and will close by June 30.   On Mr Cheng’s appointment, Secretary for the Civil Service Patrick Nip said: “Mr Cheng is a seasoned administrative officer with rich experience in public administration. I believe that he will serve with professionalism in the new capacity to ensure a smooth transition to the new term of government.”   Separately, Director-General of Trade & Industry Brian Lo will succeed Mr Cheng as Director of Administration from today.   “Mr Lo is a seasoned administrative officer with proven leadership and management skills. I have every confidence that he will serve with professionalism in his new capacity,” Mr Nip stated.
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