Author Archives: hksar gov

     Two incoming male passengers were sentenced to four months’ imprisonment, and three months’ imprisonment with a fine, respectively, at the West Kowloon Magistrates’ Courts today (February 11) for dealing with and possessing duty-not-paid cigarettes, and for failing to declare to Customs Officers, in contravention of the Dutiable Commodities Ordinance (DCO).

     Customs officers intercepted the two incoming male passengers, aged 29 and 26, at Hong Kong International Airport yesterday (February 10). About 11 400 duty-not-paid cigarettes, with an estimated market value of about $47,000 and a duty potential of about $38,000, and 8 600 duty-not-paid cigarettes, with an estimated market value of about $35,000 and a duty potential of about $28,000, were seized respectively from their personal baggage. They were subsequently arrested.

     Customs welcomes the sentence. The custodial sentence has imposed a considerable deterrent effect and reflects the seriousness of the offences. Customs reminds members of the public that under the DCO, tobacco products are dutiable goods to which the DCO applies. Any person who deals with, possesses, sells or buys illicit cigarettes commits an offence. The maximum penalty upon conviction is a fine of $1 million and imprisonment for two years.

     Members of the public may report any suspected illicit cigarette activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002/en/).

  

Attention TV/radio announcers: Please broadcast the following as soon as possible and repeat it at regular intervals:      Here is an item of interest to swimmers.      The Leisure and Cultural Services Department… read more

     The Census and Statistics Department (C&SD) released today (February 11) the results of the Monthly Survey on Business Situation of Small and Medium-sized Enterprises (SMEs) for January 2025.
 
     The current diffusion index (DI) on business receipts amongst SMEs decreased from 43.9 in December 2024 in the contractionary zone to 43.1 in January 2025, whereas the one-month’s ahead (i.e. February 2025) outlook DI on business receipts was 43.8. Analysed by sector, the current DIs on business receipts for many surveyed sectors dropped in January 2025 as compared with previous month, particularly for the logistics (from 42.4 to 38.5) and business services (from 48.4 to 45.6).
       
     The current DI on new orders for the import and export trades decreased from 46.5 in December 2024 to 46.1 in January 2025, whereas the outlook DI on new orders in one month’s time (i.e. February 2025) was 46.9.
 
Commentary
 
     A Government spokesman said that overall business sentiment among SMEs and their expectations on the business situation in one month’s time eased back alongside increased uncertainties in the external environment in January. Yet, the overall employment situation remained stable.
 
     The spokesman added that uncertainties in the global economy would continue to pose challenges to the business environment. Nevertheless, the Central Government’s various measures to boost the Mainland economy and benefit Hong Kong, as well as the Special Administrative Region Government’s initiatives to lift market sentiment and promote economic development should provide support to business sentiment. The Government will monitor the situation closely.
 
Further information
 
     The Monthly Survey on Business Situation of Small and Medium-sized Enterprises aims to provide a quick reference, with minimum time lag, for assessing the short-term business situation faced by SMEs. SMEs covered in this survey refer to establishments with fewer than 50 persons engaged. Respondents were asked to exclude seasonal fluctuations in reporting their views. Based on the views collected from the survey, a set of diffusion indices (including current and outlook diffusion indices) is compiled. A reading above 50 indicates that the business condition is generally favourable, whereas that below 50 indicates otherwise. As for statistics on the business prospects of prominent establishments in Hong Kong, users may refer to the publication entitled “Report on Quarterly Business Tendency Survey” released by the C&SD.
 
     The results of the survey should be interpreted with care. The survey solicits feedback from a panel sample of about 600 SMEs each month and the survey findings are thus subject to sample size constraint. Views collected from the survey refer only to those of respondents on their own establishments rather than those on the respective sectors they are engaged in. Besides, in this type of opinion survey on expected business situation, the views collected in the survey are affected by the events in the community occurring around the time of enumeration, and it is difficult to establish precisely the extent to which respondents’ perception of the business situation accords with the underlying trends. For this survey, main bulk of the data were collected around the last week of the reference month.
 
     More detailed statistics are given in the “Report on Monthly Survey on the Business Situation of Small and Medium-sized Enterprises”. Users can browse and download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080015&scode=300).
 
     Users who have enquiries about the survey results may contact Industrial Production Statistics Section of the C&SD (Tel: 3903 7246; email: sme-survey@censtatd.gov.hk). read more

     The effective exchange rate index for the Hong Kong dollar on Tuesday, February 11, 2025 is 107.4 (up 0.1 against yesterday’s index). read more

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank Julius Baer & Co. Ltd. relating to a fraudulent website, which has been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.
      
     The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
      
     Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the website concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012. read more