Overview of the price level trends and their possible causes in selected ASEAN economies

Inflationary pressure in the United State has been piling up since the middle of 2020, whose price level as measured in the consumer price index(CPI) increased from almost zero per cent to 8.5% in May 2022, marking four-decade highs. During the same period, price levels in ASEAN economies also demonstrate an upward trend. Among selectedContinue reading “Overview of the price level trends and their possible causes in selected ASEAN economies”

Debate on dividend tax in Hong Kong

What is dividend tax Dividend usually refers to the part of after-tax profits of a company for distribution to its shareholders in proportion to the number of shares they hold. With dividend tax imposed, part of companies’ dividend distribution will be taxed by a certain percentage. Hong Kong does not levy taxes on dividends. DividendsContinue reading “Debate on dividend tax in Hong Kong”

Price control on gasoline, New Jersey USA

I. What happened In 2012, Hurricane Sandy greatly damaged New Jersey’s infrastructure and led to a temporary outage that disrupted the operation of some gas stations. Newspapers reported that 60% of the gas stations in New Jersey were closed. The sellers raised the gasoline price by as much as 30% in a day. New Jersey’sContinue reading “Price control on gasoline, New Jersey USA”

Price control on Uber, India 

I. What happened Uber is a well-known app providing ride-hailing services, with businesses operating around the world. It is a rather new business model – “the sharing economy” which matches up taxi passengers and drivers. In India before 2016 when price used to be unregulated, as opposed to the traditional taxi service providers mandated toContinue reading “Price control on Uber, India “

Price Control on food, Sri Lanka

I. What happened Hard hit by COVID-19, Sri Lanka’s tourism sector was severely dragged in 2020. Its tourism revenue dropped from the highest of USD 450 million in December 2019 to nearly zero throughout the second and third quarter of 2020. As a result, the country’s economic growth in 2020 also shrank by 3.6%, following aContinue reading “Price Control on food, Sri Lanka”

Quantity Theory of Money: causes of inflation and its implications on monetary policies

What are the factors that cause inflation? A standard approach to analyse inflation is to use the famous “Quantity Theory of Money” shown below. it is originally formulated by Polish mathematician Nicolaus Copernicus in 1517 and later popularized by economists Milton Friedman and Anna Schwartz. MV = Py M = Money Supply V = VelocityContinue reading “Quantity Theory of Money: causes of inflation and its implications on monetary policies”

Introduction of useful indicators – Consumer Price Index compiled by C&SD

What is Inflation? The term Inflation is used to denote an ongoing rise in the general level of price quoted in units of money. The magnitude of inflation is the inflation rate, which is usually calculated by measuring the annualized changes in the price level of a basket of goods and services ­­­­­­­— Consumer PriceContinue reading “Introduction of useful indicators – Consumer Price Index compiled by C&SD”

Introduction of useful indicators : Doing Business Project from World Bank

What is the Doing Business project about? The Doing Business project from the World Bank provides objective and quantitative measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional levels, which serves as an important indicator for multinational companies when choosing potential economies to expand their businesses.Continue reading “Introduction of useful indicators : Doing Business Project from World Bank”

Understanding common errors in surveys and statistical reports

Understanding common errors in surveys and statistical reports Errors extensively exist in most of the survey results, whose sources vary from nonresponse error, measurement error, framing error, etc. When reading statistics from a survey, we need  to recognize all sorts of potential errors behind it, in order to avoid being misled. What is even betterContinue reading “Understanding common errors in surveys and statistical reports”

Cautionary remarks for the statistics of Regional Headquarters, Regional Offices and Local Offices by C&SD

Cautionary remarks of interpreting the survey results There are a few cautionary remarks worth paying attention to when reading the number of Regional Headquarters(RHQs) /Regional Offices(ROs)/Local Offices(LOs) in the report of “Annual survey of companies in Hong Kong with Parent Companies Located outside Hong Kong” ( called the Survey hereafter), published by Census and StatisticsContinue reading “Cautionary remarks for the statistics of Regional Headquarters, Regional Offices and Local Offices by C&SD”