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Former Hong Kong leader Carrie Lam Cheng Yuet-ngor’s publicly funded office will be relocated from a prime commercial building to government premises in Wan Chai, the Post has learned. Sources on Saturday told the Post that Immigration Tower in Wan Chai, the former headquarters of the Immigration Department, would house Lam’s new workplace. The relocation […]
Visitors heading to Hong Kong from New Year’s Day onwards will have to pay out more for hotel accommodation and air travel under revised tax and fee arrangements to help swell public coffers. Authorities on Wednesday reintroduced a 3 per cent Hotel Accommodation Tax that had been waived since 2008, while all travellers using the […]
Hong Kong’s deficit will more than double to HK$100 billion (US$12.8 billion) in the 2024-25 financial year from the HK$48 billion forecast the previous year, the finance chief has said, with the city feeling the pinch from a property slump and weakened corporate performance. At a meeting of the Legislative Council’s financial affairs panel on […]
Judging by the robust post-stimulus home sales in Hong Kong over the weekend, analysts agree higher loan financing and cheaper borrowing costs have helped lift buying sentiment. The government can certainly dig deeper into its toolbox for reinforcement, if needed. CK Asset Holdings and MTR Corp sold more than 80 per cent of the 248 […]