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") .
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
Global Stock markets have fallen sharply as concerns grow over the spread of China's deadly flu-like virus. Hong Kong and mainland shares were the hardest hit. China's Shanghai Composite fell by the most in eight months and the Hang Seng in Hong Kong tumbled below 28,000. However, US shares have recovered after the World Health Organisation tried to calm fears over the deadly coronavirus.
The European Central Bank has left interest rates in the eurozone unchanged and launched a strategic review into its monetary policy, after once again failing to reach its inflation target of 2%.
US Treasury Secretary Steven Mnuchin has told teenage environmentalist Greta Thunberg to go away and study economics before lecturing investors. He said her call for investors to divest fossil fuels showed a lack of understanding about the economy and jobs.
On today’s Money Talk we’re joined by Gavin Parry of Parry International Trading and Tariq Dennison at GFM Asset Management. On the phone from Sydney with the view from Australia is Toby Lawson of Societe Generale.
24/01/2020 - 8:08am Business and Market Discussion
Gavin Parry, Managing Director at Parry International Trading says it's too early to buy following this week's sharp falls in Hong Kong and mainland stock markets.
Tariq Dennison, Portfolio Manager at GFM highlighted that it will take at least six months to get comprehensive economic data about the impact of the Wuhan coronavirus.
24/01/2020 - 8:24am View from Australia