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Business and Market Discussion / Oil markets

2020-04-09

Business and Market Discussion / Oil markets

2020-04-09
The Hong Kong government has announced a HK$137 billion package of measures to help businesses stay afloat and workers receive their salaries during the coronavirus pandemic. MTR fares will also come down and taxpayers will be allowed to put off paying their bills.

Financial Secretary Paul Chan said the government’s finances were "still sound". The total sum of all the relief measures announced so far will cost Hong Kong close to $290 billion, or 10% of the city's GDP.

The World Trade Organization is predicting a severe decline in
international commerce of between 13% and 32% this year. The more pessimistic case would amount to a decline in global trade similar to what happened in the great depression 90 years ago but in a shorter period of time.

On today’s Money Talk, we’re joined by Personal Wealth Advisor, Enzio von Pfeil, and Alex Frew McMillan, Writer at Dragonfly Media. Updating us on the oil market is Vandana Hari, CEO of Vanda Insights.

Money Talk

A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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