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  • November 23, 2014
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  1. Banks offer bargain rates on tax loans

    Posted Oct 08th 2003, 12:00am by Kelvin Chan

    ... The credit database is allowing lenders to offer good deals to low-risk clients Some Hong Kong banks have this week begun offering loans to customers to pay off tax bills with much lower interest rates due to better access to credit information on individuals. Dah Sing Bank and MEVAS Bank on Monday announced tax loan terms with annualised rates as low as 4.36 per cent. Other banks ...

  2. Banks likely to raise their economic growth forecasts

    Posted Aug 20th 2003, 12:00am by Kelvin Chan

    ... Major banks in Hong Kong say they will probably raise their forecasts for economic growth in light of the sharp rebound from Sars and the expected flood of Guangdong tourists taking ... strategist at US investment bank Bear Stearns, said he would not be raising his estimate, but that was because it was already on the high side. 'Most of what we've been seeing ... ...

  3. China will fuel regional growth, says World Bank

    Posted Sep 04th 2003, 12:00am by Kelvin Chan

    ... because of China's strength, the World Bank said in its annual global economic forecast, released yesterday. The East Asia and Pacific region, excluding Japan, is forecast to expand by 6.1 per cent this year and 6.7 per cent in 2004, the bank said in its Global Economic Prospects report. The region's brisk growth rate will also be spurred by rising commodity prices, ...

  4. China unlikely to float the yuan, says top banker

    Posted Jul 29th 2003, 12:00am by Kelvin Chan

    ... CSFB research chief sees revaluation hurting farmers, banks and industry China will probably not heed calls from policymakers in the United States and Europe, who say that the yuan is undervalued and that the central government should raise the value of its currency, according to a representative of investment bank Credit Suisse First Boston (CSFB). Speaking yesterday after ...

  5. Home financing a challenge but having a local connection helps

    Posted Aug 22nd 2003, 12:00am by Kelvin Chan, Ravina Shamdasani

    ... they finance a house? A definitive answer is proving elusive, but it does seem that securing a mortgage at a local bank will prove too difficult for most. Two of Hong Kong's biggest banks said ... for Standard Chartered Bank said. 'If they cannot prove they have a consistent source of income generated within Hong Kong', then they won't be eligible for a mortgage. Bank of East ...

  6. Upbeat note is sounded on growth

    Posted Oct 01st 2003, 12:00am by Kelvin Chan

    ... Asian Development Bank sees early signs of a pickup in output in HK and the mainland as Sars fallout recedes The fading effects of the Sars outbreak and improved economic prospects have prompted the Asian Development Bank to raise its growth forecasts for Hong Kong and the mainland. The Manila-based bank yesterday said it expected Hong Kong's gross domestic product to expand ...

  7. Using plastic proves to be a rewarding experience for bill payers

    Posted Oct 08th 2003, 12:00am by Kelvin Chan

    ... has to be big enough to get enough reward points. This year, taxpayers can choose to pay the Inland Revenue Department using credit cards from four banks: HSBC, Bank of East Asia, Dah Sing ... Tranh, a spokeswoman for the bank, said the system, which was launched in June last year, had proved to be popular because it was convenient and users could pick up points in the process. She ...

  8. HK ranks eighth for ease of setting up in business

    Posted Oct 11th 2003, 12:00am by Kelvin Chan

    ... It is edged out by Singapore and also lags behind Australia and US, a World Bank study of 133 economies shows Hong Kong is one of the easiest places in the world to set up in business ... according to rankings drawn up by the World Bank. Entrepreneurs looking to establish companies in Hong Kong need 11 days to go through all the required steps, making it the eighth-fastest place ...

  9. Rapid surge in HK export growth

    Posted Jul 26th 2003, 12:00am by Kelvin Chan

    ... of $4 billion. Daniel Chan, an economist at DBS Bank Hong Kong, said export growth may slow to a single digit figure in the coming months as the effects of Sars begins to filter through. ...

  10. Negative-equity victims up 27pc

    Posted Aug 15th 2003, 12:00am by Chloe Lai, Denise Tsang, Kelvin Chan

    ... totalled $165 billion, or 31 per cent of the value of all bank mortgages, compared with $135 billion three months earlier. Severe acute respiratory syndrome, which occurred throughout the second ... a level where it was starting to depress property prices. Nearly 4,000 properties had been repossessed in the past year, Mr Yam said, and the banks' approach 'in dealing with mortgages ...




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