Tag Archives: Economy
Hong Kong economy set for continued growth in second quarter, Paul Chan says
Hong Kong’s economy is set for continued growth in the second quarter, the finance minister has said, as the government vows to step up measures to promote retraining, encourage technology upgrades and support employment.Financial Secretary Paul Chan Mo-po said on Sunday that the 10th consecutive quarter of year-on-year growth was driven by strong exports, a rebound in private consumption and a series of mega-events held in the city.The gross domestic product (GDP) figure is due to be revealed on Thursday.“ going all out to explore new growth points, especially vigorously supporting the development of innovation and technology,” Chan wrote in his weekly blog post. “We are also committed to opening up new overseas markets, finding new partners for cooperation and developing supply chain management centres.”Hong Kong’s economy has posted year-on-year growth of between 1.6 per...
Hardship: Our economy in tatters – Ned Nwoko gives reason Tinubu’s policies won’t work
Politics tamfitronics The senator representing Delta North senatorial district inthe Nigerian Senate, Ned Nwoko, has insisted that no economic policy would workin the country as long as Nigeria continues to allow use of differentcurrencies.The lawmaker stated this during Wednesday’s edition ofChannels Television’s Politics Today, noting that the economy is currently intatters.The Senator said that Nigeria is the only country wheremultiple currencies are being used concurrently, thereby making the localcurrency valueless.“Our economy as it is, is in tatters. It is in some kind ofquagmire. It doesn’t matter how you look at it or policies you’re trying tointroduce here and there, nothing will work,” the lawmaker said.“Nothing will work as long as we keep tying the exchangerate to our consumption. When we became an independent nation we had naira andour currency was quite strong.“Then suddenly, we began...
‎Saudi economy shows high resilience despite global challenges: Alsayari
Top Stories Tamfitronics Saudi Arabia’s economy demonstrated high resilience despite global economic challenges, Al Eqtisadiah newspaper reported, citing Ayman Alsayari, Governor of the Saudi Central Bank (SAMA).Speaking before the International Monetary and Financial Committee (IMFC) as part of the annual meetings of the International Monetary Fund (IMF) and the World Bank in Washington, Alsayari explained that this resilience is reflected in lower inflation rates, strong growth in non-oil sectors, a record-low unemployment rate, and continued strength in the banking sector, showcasing the progress made under Vision 2030.Saudi Arabia has contributed over $200 million to the IMF’s Poverty Reduction and Growth Trust and provided developmental aid exceeding $36 billion since the onset of the pandemic.SAMA’s Governor added that the rising burden of global sovereign debt underscores the importance...
Economy: CBNgovernor Cardoso assures Nigerians of growth, stability
Top Stories Tamfitronics The Central Bank of Nigeria (CBN) on Friday, July 19, in Abuja, rolled out data to show improved growth and stability in the nation’s economy. This is as the apex bank through its Governor,The post Economy: CBN governor Cardoso assures Nigerians of growth, stability appeared first on The Nation Newspaper...
