Vietnam 

Credit package proposed for support industry – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Chip panels are produced at Manutronic Việt Nam JSC at Tiên Sơn Industrial Park in Bắc Ninh Province’s Tiên Du District. Support industry is addressed as the backbone of the Vietnamese economy and will receive a US$4.3 billion low-interest loan package to improve its competitiveness. — VNA/VNS Photo Trần Việt HÀ NỘI — The Ministry of Industry and Trade (MoIT) has proposed a VNĐ100 trillion (US$4.31 billion) preferential credit package for the development of the country’s support industry. The ministry says that Vietnamese support industry products could have high competitiveness,…

Read More
Home 

The political message of Hong Kong’s proposed vacancy tax speaks louder than its efficacy in bringing down home prices

Some cities in Australia and Canada have introduced some sort of vacancy tax to motivate owners to put their homes for sale or rental on the market.Vancouver, a city which Hong Kong people are very familiar with, introduced a tax, equivalent to 1 per cent of the assessed value of a property deemed to vacant for more than 180 days. The tax was introduced two years ago when 5 per cent of Vancouver’s homes either stood empty or were underutilised, amid skyrocketing prices and soaring rents… Source link

Read More
Singapore 

Online news sites must publish corrections on fake news, take down false articles under proposed law: Lee Hsien Loong, Singapore News

SINGAPORE – A proposed law will require online news sites to publish corrections or warnings on fake news, or even remove such articles in extreme cases, said Prime Minister Lee Hsien Loong on Friday evening (March 29). These changes to tackle the spread of fake news are part of the Protection from Online Falsehoods and Manipulation Bill, which will be introduced in Parliament on Monday. The new Bill will give the Government the power to hold online news sources and platforms accountable if they proliferate deliberate falsehoods, Mr Lee said.…

Read More
Home 

Opinion | Proposed HK$1 trillion East Lantau Metropolis is the answer to Hong Kong’s future land needs

Seven public rental estates, comprising 20,600 units, are over 50 years old and ready for redevelopment. Yet, it has taken over four years to go through the town planning process to identify a feasible relocation site for the 9,100-unit Wah Fu Estate alone. Chief Executive Carrie Lam Cheng Yuet-ngor shows a pamphlet on the Lantau Tomorrow Vision proposal during a press conference on October 10, 2018. Photo: Dickson Lee The 7,400-unit Choi Hung Estate is facing the same challenge to dig out a massive relocation site. The Housing Authority currently…

Read More
Home 

Hong Kong’s proposed tax break of US$7,650 will encourage additional retirement savings, say top pension providers

Hong Kong’s biggest pension players – HSBC, Manulife, Prudential and AIA – said the government’s proposed law change to offer up to HK$60,000 (US$7,650) in tax incentives will encourage additional savings for retirement.“This is the first time Hong Kong is using tax incentives to encourage voluntary retirement contribution,” said Edward Moncreiffe, chief executive of HSBC Life (International).He said that Singapore saw an increase in voluntary pension contribution after tax incentives were… Source link

Read More
Vietnam 

US$1.31 billion logistics centre and port project proposed – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A shipping vessel docked at Cái Mép-Thị Vải Port in the central province of Bà Rịa-Vũng Tàu. — VNA/VNS Photo Viet Nam News HÀ NỘI — A joint venture between Hà Nội Export-Import Company (Geleximco) and International Transportation and Trading Joint Stock Company (ITC) has proposed building a logistics centre and Cái Mép Hạ habour in Bà Rịa – Vũng Tàu Province’s Phú Mỹ Commune. According to the proposal, the logistics centre which is under Cái Mép – Thị Vải port complex would cover an area of 1,000ha and…

Read More
Home 

Will retail investors be sidelined by Hong Kong’s proposed licensing regime on cryptocurrency trading?

Cryptocurrency exchanges in Hong Kong are taking steps to reorganise their operations by offering separate trading platforms for professional investors, as they heed calls from the securities regulator which is exploring a future licensing framework that would ultimately exclude retail traders.Dave Chapman, executive director at Hong Kong-listed BC Group, said although the regulatory sandbox – a pilot scheme to test tokens and platforms – that the Securities and Futures Commission launched in… Source link

Read More
Vietnam 

Social housing lending rate proposed to be lowered – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The HCM City Real Estate Association proposes social housing lending rates at 3-3.5 per cent. — Photo tinnhanhchungkhoan.vn Viet Nam News HÀ NỘI — The HCM City Real Estate Association has proposed social housing lending rates be lowered to 3-3.5 per year to create favourable conditions for low-income earners to afford homes. This was highlighted in the association’s document recently submitted to the Government about its recommendations for completing social housing policies as Việt Nam was developing a project on the 2021-30 comprehensive social housing policy in Việt…

Read More
Vietnam 

Đà Nẵng licenses $419m in new projects; $2.6b proposed – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

An entrance to an industrial Zone in Đà Nẵng. The city has granted investment licences to seven projects and proposals to 15 more. — VNS Photo Công Thành Viet Nam News ĐÀ NẴNG — The central city’s People’s Committee said it had granted licences to seven foreign direct investment projects worth US$419.4 million, and agreed investment research for 15 other projects worth an estimated $2.6 billion. The city said the projects included three automobile production and accessories projects from Malaysia, Russia and Taiwan, and two tourism property projects…

Read More