News Formal

Singapore's rising costs of running a business outpace Hong Kong's

  • 📰 staronline
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 75%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

SINGAPORE (Bloomberg): Singapore looks like an attractive location for firms wanting to exit Hong Kong, but they may find that a move to the city-state hits their bottom line more than expected.

With inflation soaring to the highest level in 14 years, expenses including the hiring of talent, office space and utilities are rising at a faster pace in Singapore than in its financial rival, where price increases have been more modest.

Meanwhile, Hong Kong is playing catch-up, finally moving towards the elimination of mandatory hotel quarantine for inbound travellers after requiring 21 days.Singapore's ratio of job vacancies to those unemployed reached a historic high in the second quarter. This resulted in salaries for new job offers rising faster than those in Hong Kong in many key sectors last year.

Singapore's civil servants are expecting a pay rise ranging from 5 per cent to 14 per cent this year, while Hong Kong has proposed a 2.5 per cent boost.Hong Kong regulates its two electricity providers, but it is not immune to the energy price increases that swept the globe following the war in Ukraine.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 4. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

‘Very high chance’ Hong Kong will end year in recession, says finance chiefHONG KONG, Sept 22 — Hong Kong is set to end the year in the midst of a full-blown recession, the city’s finance chief warned Thursday, as Covid-19 controls and spiralling...
ソース: malaymail - 🏆 1. / 86 続きを読む »