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China to end government subsidies for onshore wind power generation projects by 2021, state planning agency says

China will end subsidies for new onshore wind power projects at the start of 2021, with renewable projects set to compete on an equal footing with coal- and gas-fired electricity, the country’s state planning agency said on Friday.The move is a milestone for the renewable energy sector, which has traditionally relied on subsidies and other preferential policies to encourage developers to build plants.China pays a relatively high tariff per kilowatt hour (kWh) of electricity produced by wind or… Source link

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Hong Kong government will keep rolling out measures to tame home prices … even though they don’t work, says JPMorgan

Hong Kong’s government will keep rolling out cooling measures designed to rein in skyrocketing property prices even though they have a very limited effect, according to JPMorgan.The American investment banking giant joined a growing chorus of bullish forecasts, predicting the city’s home prices will go up by another 5 per cent this year.“Hong Kong government has a political responsibility to impose policy measures even if they are relatively ineffective,” said JPMorgan’s property team, led by… Source link

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Singapore 

Why getting the Singapore government to ban porn sites won’t stop people from getting off online, Singapore, Digital News

Instead of deconstructing the complex, multi-layered causes of sexual assault in Singapore, one prudish lady believes that pornography is its root cause. A “Roslyn Snodgrass Seah” wrote a passionate but problematic forum letter to The Straits Times, in which she urged the Singapore government to ban access to all porno websites. Be it from desktops, laptops, smartphones or “Internet television” (does she mean Netflix and YouTube?). Seah’s glaring line of reasoning is that the spike in police reports involving molestation is most likely due to easy access to internet porn.…

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Patch holes in property register, implement it quickly to halt US$115 billion in yearly money laundering, UK government told

Proposals for the first register of foreign-owned property aimed at preventing “McMafia-style” money laundering should be put in practice urgently and reinforced to plug potential loopholes, the UK government has been told.Draft legislation contains insufficient verification checks to deter criminals from submitting false information and could allow those exploiting trusts to circumvent controls, MPs and peers have said.More than £90 billion (US$114.7 billion) is estimated to be laundered… Source link

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Has a government scheme to boost Hong Kong’s public housing had the unintended consequence of pushing up home prices?

It may have been well meant, but the Hong Kong government’s latest move to take the heat out of the property market may have had an unintended consequence.In an attempt to raise the supply of affordable housing, the government recently shifted the targeted split between public and private housing to a 70:30 ratio from the previous 60:40. The change was announced on December 21 last year, which was followed by a rebound in Hong Kong property prices in January this year.With desperate home… Source link

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Huawei will commit to ‘no-spy agreements’ to win government contracts, chairman says

Huawei Technologies offices in Reading, England. On Tuesday, the company’s chairman, Liang Hua, told a conference in London that the Chinese telecommunications giant was prepared to include pledges in its government contracts not to facilitate “back door” espionage by Beijing. Photo: Reuters Source link

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Vietnam 

Government raises $3.65 billion from G-bonds in first months of 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Staff at the Hà Nội Stock Exchange organise a G-bond auction. — VNA/VNS Photo HÀ NỘI — The State Treasury of Việt Nam has raised VNĐ85 trillion (US$3.65 billion) via G-bond auctions on the Hà Nội Stock Exchange to date this year. In the latest G-bond auction held on Wednesday, the treasury raised more than VNĐ786 billion. The bonds were offered for five, seven, 10 and 20 year terms. The total value of bonds issued to date this year was equal to 27.5 per cent of the annual plan. Average maturity of…

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Vietnam 

Government leader requests steps to develop automobile manufacturing – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An automobile manufacturing line of the Trường Hải Automobile Joint-Stock Company at the Chu Lai-Trường Hải Industrial Complex in the central province of Quảng Nam. — VNA/VNS Photo Vũ Sinh HÀ NỘI — Prime Minister Nguyễn Xuân Phúc requested that ministries, sectors and localities adjust their policies to speed the development of the automobile and support industries. In a report recently released by the Government Office – based on the proposals of the northern province of Ninh Bình, an automobile manufacturing hub – PM Phúc asked the ministries of Trade and Industry, and…

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Vietnam 

Government to inspect power price hike – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Consumers have raised concerns over the significant increase in April’s electricity bills. — Photo hanoimoi.vn HÀ NỘI — Government inspectors will investigate the latest power price increase by 8.36 per cent to VNĐ1,864 (8.03 US cents) per kWh from March 20 following concerns among the public. According to a document sent by the Government Office, Prime Minister Nguyễn Xuân Phúc has asked the Government Inspectorate to work with the ministries of industry and trade, and finance to study the price calculation method of electricity bills and their collection. The inspectorate…

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Vietnam 

Government ignores affordable housing: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

By Bồ Xuân Hiệp HCM CITY — Hoàng Thị Thùy Vân, 48, of HCM City’s Thủ Đức District, was able to buy a low-priced apartment four years ago because of a preferential credit package, but many people still cannot afford to buy a home. “I feel much more fortunate than many of my colleagues who have not been able to buy an apartment,” she told Việt Nam News. Current housing prices are too high for them, no matter how much money they save, she said. “I once thought of moving closer to…

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