Excitement in the property market has reduced in the past few weeks in Hong Kong, indicating that the government's anti-speculation measures are taking effect. As reported by news.gov.hk, Acting Financial Secretary Prof KC Chan told policy makers that as the Special Stamp Duty is applicable to all residential units irrespective of size or value, there should not be capital transfer from the luxury market to the mass market. He added that the market situation would be monitored closely and more appropriate measures would be taken as and when necessary. |
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Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more