Peter Lewis: A fast moving and topical business and finance show.



    主持人:Peter Lewis

    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 moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .



    Business and Market Discussion / View from India

    US producer prices dropped sharply in July because of a steep plunge in energy costs. The producer price index, which tracks the prices that businesses receive for their goods and services, declined 0.5% in July from a month earlier, the first negative monthly print since April 2020. This was a sharp drop from June’s 1% increase in prices and was below analysts’ expectations of a 0.2% rise. 

    The People’s Bank of China said consumer inflation will likely exceed 3% in some months during the second half of the year but pledged to safeguard the economy. The PBoC’s second quarter monetary policy implementation report said the central bank needs to guard against structural inflation pressures and will not “flood” the economy with stimulus.
    Singapore has revised down its full-year growth forecast after the economy unexpectedly contracted in the second quarter. GDP in the April to June period shrank 0.2% compared with growth of 0.8% in the first quarter and missing analysts’ forecasts for growth of 0.3%. Year-on-year, the economy grew 4.4% in the second quarter, slower than the government’s 4.8% growth forecast in its advance estimate. Singapore’s Trade and Industry Ministry downgraded its full year growth forecast to a range of 3%-4% compared to a 3%-5% target made previously. 
    Latest government figures show Hong Kong's population fell by a record 1.6% in the past year, with a net outflow of people accounting for nearly 80% of the decrease. The city's population dropped by 121,500 from mid-2021 to 7,29 million in mid-2022. It's the second year in a row the population has dropped. Population expert Paul Yip, a professor from the University of Hong Kong’s Department of Social Work and Social Administration, said the outflow of people will have some significant impact on the workforce in Hong Kong and on economic development as the group of people leaving is mainly young graduates or young couples, who play a very critical part in the manpower of Hong Kong.
    On today’s Money Talk, we’re joined by Andrew Freris, CEO of Ecognosis Advisory and John Schofield, Managing Director, Tempus Investment. With a view from India is Toby Lawson, CEO of Societe Generale India.

    12/08/2022 - 足本 Full (HKT 08:03 - 08:35)

    12/08/2022 - 8:10am Business and Market Discussion

    Andrew Freris, CEO of Ecognosis Advisory thinks that the record 1.6% decline in Hong Kong’s population over the past year will not have a big impact on the city's economy.

    John Schofield, Managing Director, Tempus Investment believes that Hong Kong and mainland stocks are still on a downward trend.

    12/08/2022 - 8:24am View from India

    Toby Lawson, CEO of Societe Generale India reports that the Indian economy is continuing to show strong growth and is forecast to expand by 7% in 2022.



    Budget Review for 2022-2023

    主持人:Peter Lewis

    Financial Secretary Paul Chan on Wednesday delivered his budget for the next fiscal year and pledged over HK$54bn out of a budget of HK$170bn to fight Covid-19 “on all fronts and at full speed.” The headline measure is a new round of HK$10,000 electronic spending coupons for all permanent residents and new immigrants to Hong Kong who are aged 18 or above. They will come in two instalments with the first HK$5,000 being distributed in April. That’s part of a raft of one-off measures to boost the economy, including tax cuts, property rate concessions and electricity subsidies for residents. In an unprecedented move, there will be rental relief for some small firms that can’t pay their rent for up to six months, with landlords barred from taking legal action against them. But the measures come at a price. The forecast budget surplus of HK$18.9bn this year is projected to turn into a deficit of over HK$60bn, or 1.9% of GDP, in the next financial year, in the wake of the government’s massive spending.

    Bank of China and HSBC have announced that their branches will no longer provide services on Saturdays from March 5 in light of the Covid-19 outbreak. In a statement released on Wednesday, HSBC said it had balanced the community's need for normal banking services and the protection of its employees and customers. Bank of China announced that services at more than 100 branches across Hong Kong had been suspended until further notice.
    In a volatile session on Wall Street stocks closed lower for the fourth day in a row, as traders weighed up the impact of sanctions on Russia. The S&P 500 index dropped further into correction territory falling 1.8% to 4,225, leaving it 12% lower than its January record high. The Dow closed at the lowest level of 2022 ending the day with a loss of 465 points, taking it to 33,132.
    On today’s Money Talk we’re joined by Personal Wealth Adviser, Enzio Von Pfeil, Andrew Sullivan of Outset Global, and Agnes Wong from PwC Hong Kong.


    24/02/2022 - 足本 Full (HKT 08:03 - 08:35)

    24/02/2022 - 8:00am Budget Review for 2022 -2023

    Personal Wealth Adviser, Enzio Von Pfeil thinks that the Financial Secretary could have created more jobs and solved more long term issues such as labour and housing in his budget.

    Andrew Sullivan, Managing Director, Outset Global suggests that the budget does not provide enough help for small businesses to survive the SAR's strict anti-Covid regulations.

    Agnes Wong, Tax Partner, PwC Hong Kong thinks that the soon-to-be-released electronic consumption vouchers would provide a good boost to the SAR's economy.

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