Peter Lewis: A fast moving and topical business and finance show.
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 [email protected], post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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.
09/04/2020 - 8:08am Business and Market Discussion
Enzio von Pfeil, Personal Wealth Advisor says that the government's latest HK$137 billion stimulus package will have a bandage effect on Hong Kong's domestic economy but he doesn’t expect a full recovery until the third quarter of 2021, depending largely on the course of the US economy.
Alex Frew McMillan, Writer at Dragonfly Media is worried that the stimulus package which is being made to employers won’t filter down to employees.
09/04/2020 - Oil markets
US President Donald Trump and Congressional leaders have agreed to a US$2 trillion economic relief package, following five days of intense negotiations. It will be the largest US stimulus package in US history. However, passage of the bill in the Senate has been held up following a dispute between a group of Republican Senators and Bernie Sanders over some of the provisions in the bill. That caused stocks on Wall Street to fall back from their highs of the day.
The volume of imports into the US from China has collapsed by an “unprecedented” amount over the first two weeks of March, according to the latest figures from supply chain data company, Panjiva. Chinese goods into the US fell by 45% over the first half of March compared to the same period a year ago.
On today’s Money Talk, we’re joined by Enzio von Pfeil at St. James’s Place and Peter Churchouse of Portwood Capital. Also with us is Chris Dillon of Dillon Communications to talk about Hong Kong property.
26/03/2020 - 8:03-8:23 Business and Market Discussion
Enzio von Pfeil, Associate Partner & Private Wealth Adviser at St. James's Place see another 18% fall in the S&P 500 before it bottoms as markets tend to drop by 40% on average during crashes..
Peter Churchouse, Founder of Portwood Capital points out that the US is likely to end-up with significant debt as a result of the recent stimulus packages and he forecasts a "Japanization" of the country's economy in two to three years.
26/03/2020 - 8:23-8:30 Property