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Jan retail sales up 0.9%

The value of total retail sales in January, provisionally estimated at $36.5 billion, rose 0.9% compared with the same month in 2023, the Census & Statistics Department announced today.   After netting out the effect of price changes over the same period, the provisional estimate represents a 1.2% year-on-year decrease.   Of the total retail sales value in January, online sales accounted for 6.5%. Provisionally estimated at $2.4 billion, the value of this segment went down by 20.9% compared with a year earlier.   Noting that retail sales tend to show greater volatility in the first two months of a year due to the timing of the Lunar New Year, the department said the year-on-year comparison of the figures might have been affected to a certain extent.   The value of sales of jewellery, watches and clocks, and valuable gifts increased 25.2% compared with January 2023.   Increases were also recorded in the sales of other consumer goods not elsewhere classified (up 7

Undergraduate subsidy to rise

The annual subsidy amount of the Non-means-tested Subsidy Scheme for Self-financing Undergraduate Studies in Hong Kong will increase from $33,740 to $34,390, the Education Bureau announced today.

 

It said the subsidy amount was adjusted in accordance with the movement of the Composite Consumer Price Index.

 

In the 2024-25 academic year, the scheme will cover eligible full-time locally accredited local and non-local self-financing undergraduate and top-up degree programmes offered by 15 institutions.

 

Applications for the subsidy need to be made through the institutions concerned.

 

The adjusted subsidy level will apply to both new and continuing eligible students and is tenable for the normal duration of the programmes concerned.

 

Eligible students enrolling in the relevant programmes will pay a tuition fee with the subsidy applied.

 

Students in need may still apply for financial assistance from the Student Finance Office in respect of the actual tuition fee amount payable.

 

Click here for details.


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