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") .
Hong Kong’s jobless rate rose to a 10-month high of 5.4% in the February to April period, up from 5% in the January-to-March period. The rolling three month period saw unemployment increase 0.4 percentage points, with about 206,100 people out of work. Officials said employment weakened in almost all sectors in the three months ending April. The underemployment rate also rose from 3.1% to 3.8%. Labour secretary Law Chi-kwong said, “the labour market should see improvement in the coming months.”
20/05/2022 - 8:10am Business and Market Discussion
Andrew Freris, Chief Strategist at UCAP HK Asset Management notes that citywide lockdowns in mainland China have had a global impact as many countries are dependent on China's supply chains.
Alicia Garcia Herrero, Chief Economist for Asia Pacific at Natixis thinks that mainland China's infrastructure plan will not improve the country's economy when most people are in lockdown.
20/05/2022 - 8:26am HBSC break up
Personal Wealth Advisor, Enzio von Pfeil, thinks that the Hong Kong policy address fails to address Hong Kong's lack of English and vocational training for students, which makes the city less competitive compared with its mainland counterparts.
Nitin Dialdas, Chief Investment Officer of Mandarin Capital thinks that the SAR is losing its attraction as a global city due to high costs.
Ryan Ip, Head of Land & Housing Research at Our Hong Kong Foundation, notes that the SAR needs to speed up its projects to solve short term housing problems