Hong Kong economy ‘expands solidly’, helped by strong showing of exports

Hong Kong economy ‘expands solidly’, helped by strong showing of exports

Hong Kong’s economy grew by 3.1 per cent in the second quarter this year from the same period in 2024, picking up slightly from the first three months, with the government attributing it to strong export performance and improved domestic demand. Growth was slightly higher than the 3 per cent year-on-year expansion in the first quarter, the Census and Statistics Department said on Thursday. The government also announced that retail sales in June rose 0.7 per cent year on year, marking the second...

MAS likely to retain policy in October, says Morgan Stanley, but outlines 3 scenarios for policy shift

MAS likely to retain policy in October, says Morgan Stanley, but outlines 3 scenarios for policy shift

SINGAPORE: The Monetary Authority of Singapore (MAS) will likely keep its current policy unchanged at its October meeting, according to Morgan Stanley. However, the firm said that could change, depending on how economic conditions evolve. According to Singapore Business Review, Morgan Stanley said that MAS may shift to a zero per cent appreciation stance for […]