In Hong Kong, air passenger traffic is plunging and the number of visas issued for foreign professionals has slowed.
, HSBC said on Tuesday that"The evolving Covid-19 restrictions in Hong Kong, including travel, public gathering and social distancing restrictions, are impacting the Hong Kong economy, and may affect the ability to attract and retain staff."
That decline, however, is likely only partly due to Covid restrictions, said Lloyd Chan, senior economist at research firm Oxford Economics. "Firms appear to be having difficulty recruiting overseas talent, as suggested by anecdotal evidence," he said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong: What went wrong with its Covid plan?The city saw early success with its zero Covid policy, but Omicron has brought it to its knees.
Read more »
Hong Kong budget targets COVID relief with tax breaks, handoutsHong Kong will offer tax breaks, handouts and subsidies to small businesses and residents, to mitigate the impact of the most stringent social restrictions imposed in the city to curb the spread of COVID-19, Finance Secretary Paul Chan said.
Read more »
Exiled Artists Launch Hong Kong Film Festival in the U.K.Hong Kong protest films “Revolution of Our Times” and “May You Stay Forever Young” will have their British premiere in March at a new film festival organized by artists and culture sector workers w…
Read more »
Hong Kong Sets All Schools for Covid-19 Response CentersThe move shifts the holidays forward several months as part of a raft of measures to combat an Omicron surge in the face of pressure from Chinese leaders in Beijing to contain the disease.
Read more »
Hong Kong orders mandatory COVID-19 tests for all residentsHong Kong's leader says the city will test its entire population for COVID-19 in March as it grapples with its worst outbreak driven by the omicron variant.
Read more »