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Apr exports value up 1.1%

The value of Hong Kong’s total goods exports increased to $389 billion in April, up 1.1% compared with the same month last year, the Census & Statistics Department announced today.   The value of imports of goods rose 2.1% to $425.6 billion for the same period.   A trade deficit of $36.6 billion, or 8.6% of the value of imports, was recorded for the month.   Comparing the three-month period ending April with the preceding three months on a seasonally adjusted basis, the value of total exports decreased 12% while that of imports fell 11.7%.   The Government said epidemic-induced transportation disruptions, though easing somewhat in the latter part of the month, continued to constrain export performance.   It pointed out that exports to the Mainland fell while those to the US and the European Union posted visible growth.   Looking ahead, the global economic outlook has worsened amid rampant inflation in some major economies and monetary policy tightening by respective cen

CE attends bay area ceremony

Chief Executive Carrie Lam today attended the Greater Bay Area - Starting Line to a Bright Future ceremony with youth development as the theme.   The event was held by the Hong Kong Special Administrative Region Government to mark the second anniversary of the promulgation of the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area.   Guangdong Province Vice Governor Zhang Xin also joined the event and addressed the ceremony via a recorded video.   The central government promulgated the Outline Development Plan on February 18 last year, which sets out the directions guiding the bay area development.   The Hong Kong SAR Government is committed to giving new impetus to Hong Kong's economic development through participating in the Greater Bay Area development. It will also step up its publicity and promotional efforts to encourage Hong Kong people to participate more proactively in the development.   Speaking at the ceremony, Mrs Lam said: “Young people are brimming with energy and vitality, and are full of hope and vision for their future. The Greater Bay Area provides a stage to realise their aspirations.    “The Hong Kong SAR Government wishes to encourage Hong Kong young people to aim high and explore opportunities beyond Hong Kong, and unleash their potential on a bigger platform through starting a new business or pursuing a career of their interest in the Greater Bay Area.   “With the support from our society, I am very confident that Hong Kong young people will be able to seize the opportunities of the Greater Bay Area to realise their aspirations.”   Today’s event also included the We Venture launching ceremony to announce the list of funded organisations under two funding schemes, one for youth entrepreneurship in the bay area and another for experiential programmes at innovation and entrepreneurial bases in the area.   There was also a launching ceremony for the Greater Bay Area Youth Employment Scheme, an initiative in the 2020 Policy Address that encourages and supports young people to work in the Mainland cities of the bay area and leverage the opportunities for career advancement.   The scheme provides 2,000 places, including 700 places designated for innovation and technology posts. The response has been favourable, with about 1,400 vacancies received since the scheme's launch last month.   The life record documentary Starting Line at the Bay Area was also officially launched. Featuring the life stories of 10 Hong Kong people living in different bay area Mainland cities, the programme will be broadcast on channel 81 every Sunday evening from February 28.
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Railway settlement exceeds limit

The construction works of a relocation project in Kowloon have been suspended after a settlement monitoring checkpoint exceeded the limit, the Government said today.   The project relocates supporting operational facilities of Tsim Sha Tsui Fire Station Complex, Fire Services Club and other fire services accommodations to To Wah Road in Kowloon.   The Government explained that the readings recorded in a settlement monitoring checkpoint installed inside the railway tunnel between Kowloon Station and Olympic Station of the MTR Tung Chung Line had reached 20.27mm on September 7. The preset trigger level for works suspension is 20mm.   For the sake of prudence, the Mass Transit Railway Corporation suspended relevant works within the railway protection area on the same day.   The Buildings Department and the Architectural Services Department deployed staff to inspect the affected railway tunnel and confirmed that it is structurally safe.   The Electrical & Mechanical Services