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") .
UK Chancellor of the Exchequer Rishi Sunak has unveiled a £30bn fiscal stimulus to boost employment. Britain will cut VAT on the leisure and hospitality sector from 20% to 5%, pay firms a £1,000 bonus for every staff member kept on for three months when the furlough scheme ends in October, and give diners £10 per head off their bills if they eat out from Monday to Wednesday. The Finance Minister also announced a £2bn "kickstart scheme" to create more jobs for young people.
Macau says it needs to re-evaluate plans to loosen travel restrictions for those travelling between the two SARs, as the number of locally contracted Covid-19 cases in Hong Kong continues to rise. Authorities in Macau, Hong Kong and Guangdong province had been mulling a travel bubble for travellers who could prove they were free of the coronavirus. Yesterday, Hong Kong health authorities reported 19 more local Covid-19 cases, with officials saying a new wave of cases is underway in the city.
On today’s Money Talk, we’re joined by Personal Wealth Advisor, Enzio von Pfeil and Ben Quinlan of Quinlan & Associates. With a view from South Korea is Peter Kim from KB Securities.
09/07/2020 - 8:09am Business and Market Discussion
Personal Wealth Advisor, Enzio von Pfeil, predicts difficult times ahead for the tertiary sector in G20 economies as they may not have adequate resources needed for a smooth restart.
Ben Quinlan, CEO & Managing Partner at Quinlan & Associates doesn't think that the Hong Kong dollar's peg to the greenback faces an existential risk from an attempt by the US to destabilise it, but he worries that it could create instability in the markets.
09/07/2020 - 8:25am View from South Korea
The National People's Congress Standing Committee is expected to vote on the national security law for Hong Kong later today as it closes its three-day meeting.
The US Commerce Department said that "regulations affording preferential treatment to Hong Kong over China, including the availability of export license exceptions, are suspended”, effectively revoking Kong Kong’s special trade status with the US.
China's Foreign Ministry says the mainland will impose visa restrictions on personnel from the US "who behaved badly on Hong Kong-related issues", following Washington’s announcement of sanctions against Chinese officials who undermine the city’s high degree of autonomy, rights and freedoms.
The SAR government has awarded a US$6.29 million public relations contract to the consultancy, Consulum, to carry out a campaign on behalf of the government called "Relaunch Hong Kong". The ad campaign will highlight Hong Kong's recovery and help rebuild confidence in the city as a place to invest, do business, work and live.On today’s Money Talk, we’re joined by Peter Churchouse of Portwood Capital and Andrew Freris from Ecognosis Advisory. With a view from Japan is Tokyo-based journalist and author, William Pesek.
30/06/2020 - 8:08am Business and Market Discussion
Andrew Freris, CEO of Ecognosis Advisory warns that the consequences of US sanctions on China in response to national security legislation in Hong Kong remain unclear but he warns that trade restrictions could be to the US' disadvantage.
Peter Churchouse, Founder of Portwood Capital says that the disadvantages of the national security law for the SAR could be outweighed by other advantages such as the city’s integration into the Greater Bay Area.
30/06/2020 - 8:24am View from Japan