Budget 2025: pay freeze for Hong Kong public servants, commercial land sales paused – as it happened
Chan on Wednesday also revealed the deficit had reached HK$87.2 billion (US$11.2 billion) for the 2024-25 financial year. He ...
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Budget 2025: Hong Kong logs estimated HK$87.2 billion deficit, will cut spending by 7% over coming 3 years
Hong Kong will cut government spending by 7 per cent over the coming three years, Financial Secretary Paul Chan has announced ...
Hong Kong govt to file WTO complaint against new US tariffs ‘as soon as possible'
The Hong Kong Special Administrative Region will file a complaint with the World Trade Organisation (WTO) "as soon as ...
Hong Kong to slash 10,000 civil service jobs, push AI in bid to reverse deficit
Hong Kong aims to cut spending by slashing 10,000 civil service jobs in an effort to rein in a rising deficit, and plans a ...
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Budget 2025: Only 360 people take more than 240 trips per month using HK$2 transport scheme, gov’t says
Only around 360 people eligible for the HK$2 transport subsidy take more than 240 trips each month, Hong Kong’s welfare chief ...
Hong Kong is to cut thousands of civil service jobs and invest in AI to tackle a rising deficit
Hong Kong will cut thousands of civil service jobs and boost spending in artificial intelligence as it seeks to tackle an ...
Budget 2025: Hong Kong to tap big tech firms for AI training in schools
In one budget measure, companies will be asked to help educate students from primary school to university through practical ...
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Budget 2025: Gov’t defends plan to axe HK$2,500 student subsidy as lawmakers question lack of consultation
HK's finance chief has defended the gov't's plan to cancel the HK$2,500 student subsidy after being quizzed by lawmakers over ...