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 firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
Global stock markets have plunged on fears that the Covid-19 virus is spreading outside of Mainland China. China has postponed the National People’s Congress annual meeting scheduled for March in Beijing at which it would normally set economic goals, including GDP, for the coming year. An alliance of community groups says Hong Kong people don't want the suggested cash handouts of up to HK$10,000 per person in tomorrow’s budget and would rather the money be spent on improving healthcare, housing and education. On today’s Money Talk we preview tomorrow’s 2020/21 Hong Kong budget with Connie Bolland of Economic Research Analysis and John Timpany from KPMG. In the second half of the programme,with the view from Japan, is Tokyo-based journalist, William Pesek.
25/02/2020 - 8:09am Business and Market Discussion
Connie Bolland, Founder and Chief Economist at Economic Research Analysis hopes that the Hong Kong government will take more measures to support SME's, such as waiving registration fees and cutting salaries tax, in tomorrow’s budget.
John Timpany, Regional Tax Partner-in-Charge at KPMG points out that there is an urgent need for cash handouts to boost the local economy but suggests that the government should issue the handouts as vouchers, to ensure that people spend locally.
25/02/2020 - 8:24am View from Japan
President Trump has lauded the Phase 1 US-China trade deal as “one of the greatest trade deals ever made.” He tweeted that the deal was “also good for China and our long-term relationship. US$250 billion will be coming back to our country, and we are now in a great position for a Phase Two start. There has never been anything like this in U.S. history.”
Vice Premier Liu He said China has little interest in immediately starting talks on a phase two deal with the US. He said, “we might get nothing if we rush to a second job before the first one is properly done. I don’t think it's a wise choice to impatiently launch new stages of talks."
Microsoft has promised to remove "all of the carbon" from the environment that it has emitted since the company was founded in 1975. Chief executive Satya Nadella said he wants to achieve the goal by 2050. And the company will become carbon negative by 2030, removing more carbon from the environment than it emits.
On today’s Money Talk we’re joined by Francis Lun of GEO Securities and Peter Churchouse of Portwood Capital. On the phone from Sydney with the view from Australia is Toby Lawson at Societe Generale Australia.
17/01/2020 - 8:09am Business and Market Discussion
Francis Lun, CEO of GEO Securities highlights that despite its technological advancement, China still lacks behind in microchip technologies, something that still makes it over-reliant on the US.
Peter Churchouse, Founder of Portwood Capital says that in spite of the unrest in Hong Kong, residential housing transactions hit a 12-year high in 2019.
17/01/2020 - 8:24am View from Australia