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  1. All the figures add up to a much lower deficit

    Posted Feb 24th 2004, 12:00am by Kelvin Chan

    ... 0.2 per cent of total turnover. On that basis, stamp duty from stocks could be about $5.4 billion this year. Property sales are booming, with about 79,000 transactions in the first 10 months. ... duty, which is charged on stock and property transactions. The benchmark Hang Seng Index is at its highest level since mid-2001 while property prices have bounced 20 per cent since hitting ...

  2. Corporate gains likely to bolster government coffers

    Posted Feb 16th 2004, 12:00am by Enoch Yiu

    ... stock and property transactions, according to Mr Wong. Average daily stock market turnover rose 28 per cent in the last quarter of the year to $15.1 billion. Home prices have risen 20 per cent since August while property transactions last month jumped 8 per cent compared with December. Mr Wong said stamp duty revenue would probably be $11 billion, rather than the forecast $8 billion. ...

  3. Pushing the envelope

    Posted Feb 29th 2004, 12:00am by Andrew Dembina

    ... was an 1865 Hong Kong 96cents olive-bistre- of which only 40 mint copies are known- that sold for HK$920,000 (including 15 per cent buyer's premium). The other was an 1865 Shanghai Large Dragon ... there is a collector, and anybody who is serious about China philately is on our list. 'More than 50 per cent of our materials are purchased by overseas bidders. However, we see a steady growing number ...

  4. Stamp of quality and safety shows on HK products

    Posted Jul 06th 2004, 12:00am by Ann Williams

    ... Reports by Ann Williams Producers and buyers are developing closer partnerships The Summer Sourcing Show for Gifts, Houseware and Toys brings together three key industries in the Hong Kong economy. Together they accounted for 15.4 per cent of total exports last year, with gifts exports worth almost $152 billion, houseware accounting for $14 billion and toys more than $70 million. ...

  5. Nine per cent turnover drop-off not so bad

    Posted Jun 16th 2004, 12:00am by Alan Aitken

    ... Alan Aitken We have good news and bad news. The bad news is betting turnover will probably be down by over nine per cent when the racing season finishes on Sunday. The good news is that betting turnover will probably only be down by over nine per cent. By a reasonable estimate, the season's turnover should come in at not too much less than $65 billion, a shave of more than ...

  6. Tung sees growth of 6 per cent in HK

    Posted Mar 07th 2004, 12:00am by Staff Reporter

    ... Chief Executive Tung Chee-hwa has revealed that Hong Kong's economy is expected to grow by 6 per cent this year, more than doubling growth in the last financial year. He told ... 'I told the president that the momentum will continue and our economy is expected to grow by 6 per cent this year,' said Mr Tung after meeting Mr Hu. Hong Kong's economy grew by 2.3 ...

  7. Guangdong sets growth target of 9 per cent

    Posted Feb 11th 2004, 12:00am by Staff Reporter

    ... Leu Siew Ying in Guangzhou But the forecast comes amid warnings of tough competition and protectionism Guangdong Governor Huang Huahua has set a 9 per cent gross domestic product growth ... sharpened by the Closer Economic Partnership Arrangement. Delivering his work report at the opening session of the Guangdong People's Congress yesterday, Mr Huang also tipped an 11 per cent ...

  8. Aggressive pricing sees secondary sales slide by 10.9 per cent

    Posted Feb 25th 2004, 12:00am by Peggy Sito

    ... second-hand flats in 35 large housing estates sold last week, a drop of 10.9 per cent against 229 in the previous week, according to Midland Realty. The property agent's chief analyst, Buggle Lau ... decided to slash fees paid to sales agents by as much as 55 per cent. Shih Wing-ching, chairman of Centaline Holdings, said the developers' cut in agents' commission was due to the ease ...

  9. Tax revenue rises 20 per cent

    Posted Jan 03rd 2004, 12:00am by Staff Reporter

    ... Irene Wang and David Fang China's tax revenue last year rose 20.3 per cent to 2.05 trillion yuan, according to a report by the State Administration of Taxation. Tax revenue increased by 344.6 billion yuan, buoyed by strong economic growth, the report said. Revenue from value-added tax rose 17 per cent and income tax revenue rose 19.1 per cent, while import tax generated 47.4 ...

  10. US to impose massive duties on paper exports

    Posted Sep 28th 2004, 12:00am by Toh Han Shih

    ... of Commerce will impose anti-dumping duties. US anti-dumping action on Chinese wooden bedroom furniture imposed rates of only 10.92 per cent on more than 100 firms as more furniture companies had been ... paper. Only one company, Fujian Naoshan Paper Industry Group, had a manageable rate of 9.55 per cent. All other firms had rates of 92.32 per cent to 163.36 per cent for tissue paper products, ...




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