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Fintech Startups and Established Hong Kong Firms May Apply to Join Global Fast Track Program for Scaling Businesses


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Fintech Startups and Established Hong Kong Firms May Apply to Join Global Fast Track Program for Scaling Businesses
Invest Hong Kong (InvestHK) revealed, earlier this week, that the
Global Fast Track 2021 program is currently taking applications from Fintech startups and also accepting them from more established companies looking to scale their business from Hong Kong to the GBA area, Asia and other markets as well.
Selected firms will be able to earn a spot to be showcased at the
Hong Kong Fintech Week 2021 on November 1 to 5, 2021.
Currently in its second year, the initiative will aim to introduce program participants to its corporate and investment professionals who will look into various business opportunities with them. ....

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Fiscal deficit reaches 5-month high in May


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Metro Manila (CNN Philippines, June 22) The country s budget deficit reached ₱200.3 billion in May, slightly narrower than last year s tally but the widest since December, data from the Treasury Bureau published Tuesday revealed.
The latest figure is 0.91% lower than the ₱202.1 billion logged in May 2020. However, it is the largest recorded since December, where the fiscal deficit ballooned to ₱302.6 billion.
The Treasury noted the deficit s recent marginal narrowing comes as growth in expenditure levels kept pace with the acceleration in revenue collection.
The government raked in ₱256.4 billion in May, a 69.26% jump driven by higher tax collections.
The Bureau of Internal Revenue raked in ₱183.7 billion during the month, growing by 60.54%. The Bureau of Customs, meanwhile, collected ₱48.6 billion a 58.05% increase owing to efforts on improving valuation and collection. ....

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