Peter Lewis: A fast moving and topical business and finance show.
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 email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
The Hong Kong government has announced a HK$25 billion package of subsidies for residents & businesses hit by the coronavirus outbreak. Around 200,000 low-income families will get a one-off grant of about HK$5,000 per household & student subsidies will rise. Restaurants, travel agencies, hawkers and private firms that make face masks will all be able to claim subsidies.
Financial Secretary Paul Chan warned yesterday that Hong Kong is likely to see its biggest ever budget deficit in the next fiscal year and could remain in the red for a number of years. However, writing on his official blog Mr. Chan said the government could still afford coronavirus relief measures because it held fiscal reserves of more than HK$1.1 trillion.
On today’s Money Talk we’re joined by Alex Wong from Ample Capital and Alicia Garcia Herrero of NATIXIS. With the view from mainland China is Michael Norris at Agency China.
17/02/2020 - 8:08am Business and Market Discussion
Alex Wong, Director of Asset Management at Ample Capital is not worried about Hong Kong's budget deficit and suggests that the government should focus on stabilizing the economy instead.
Alicia Garcia Herrero, Asia Pacific Chief Economist at Natixis, hopes that the Hong Kong government's budget next week can bring structural changes and highlights the need to reform the territory's pension system.
17/02/2020 - 8:24am View from China
Beijing has hit back at claims that it reneged on commitments made in previous trade negotiations with the US. China’s foreign ministry said yesterday that it was Washington that tried to change the terms of the negotiations by suddenly trying to force Beijing to increase the volume of goods it was willing to buy from the US as part of any agreement. Meanwhile Donald Trump called on the Fed to help it win the trade war. In a tweet, President Trump said if the Fed were to match the stimulus efforts being undertaken by the PBOC, the US would win easily.
WhatsApp has discovered what it describes as a targeted surveillance attack. Hackers were able to install spying software on smartphones and other devices by exploiting a major vulnerability in WhatsApp. The messaging service, which is owned by Facebook, said the attack targeted a "select number" of users, and was orchestrated by "an advanced cyber actor".
On today’s Money Talk, we’re joined by Stewart Aldcroft of CitiTrust and RTHK’s international economics correspondent, Barry Wood. Also with us is Fern Ngai, the CEO of Community Business to tell us about the results of Hong Kong’s LGBT+ Inclusion Index, which were announced last night along with one of the award winners, Nathalie Hobbs, Regional Managing Partner for Asia at Linklaters.
15/05/2019 - 8:08 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, comments that the G20 Summit next month is a great opportunity for Presidents Trump and Xi to upstage other global leaders and agree a trade deal.
RTHK’s International Economics Correspondent Barry Wood says that farmers in the US are still behind President Trump despite suffering from the collapse in the price of soybeans.
15/05/2019 - 8:21 LGBT+ Inclusion Awards
Fern Ngai, CEO of Community Business, says local companies are lagging behind in promoting a more inclusive and diverse culture, which is why the latest LGBT+ Inclusion Index is dominated by foreign firms.
Nathalie Hobbs, Regional Managing Partner - Asia at Linklaters, says that young people nowadays are keen to understand how companies promote an inclusive culture internally, before deciding whether to join the firm.