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  1. IMF urges sales tax to widen revenue net

    Posted Nov 09th 2005, 12:00am by Norma Connolly

    ... In its annual report on Hong Kong's financial performance, the IMF also predicted a 6 to 6.5 per cent increase in economic growth this year, slowing to 4.5 to 5 per cent next year, due ... It described non-tax revenue from land sales and investment income as 'very volatile'. The IMF welcomed the government's plan to start public consultations on the feasibility ...

  2. Bullish IMF sees balanced budget ahead of schedule

    Posted Feb 23rd 2005, 12:00am by Gary Cheung

    ... growth and some easing of economic activities on the mainland. Medium-term economic growth was expected to average about 4 per cent. The IMF believed consumer prices would rise by 1 per cent ... for restraint on government spending would result in a balanced budget ahead of schedule in 2006-2007. However, the IMF noted that demographic trends were likely to impose a burden on Hong Kong's ...

  3. Taxing advice from the IMF

    Posted Nov 14th 2005, 12:00am by Chris Yeung

    ... Chris Yeung The issue of levying a goods and services tax (GST) in Hong Kong seemed all but forgotten until an IMF report resurrected it last week. The International Monetary Fund's ... that would aggravate the problem of a narrow tax base. And it advised the government to adopt a longer-term fiscal strategy to prepare for future spending pressures. The IMF report could not have ...

  4. Sales levy would stabilise revenue and bring flexibility, says the IMF

    Posted Mar 18th 2005, 12:00am by Dennis Eng

    ... Dennis Eng The International Monetary Fund is backing the government's proposed goods and services tax, saying it would lead to more stable revenue and give the financial secretary leeway to proceed with more relief measures. 'We encourage the government to press ahead with its work towards the implementation of a goods and services tax,' the IMF's resident ...

  5. China gains in world finance reform

    Posted Oct 17th 2005, 12:00am by Jamil Anderlini

    ... Jamil Anderlini in Xianghe India also seen as a major beneficiary of proposed changes in World Bank and IMF representation China and India are set to play a bigger role in the world's ... the changing world economic order. The seventh annual G20 meeting was held in Xianghe, near Beijing. 'Asia is generally underrepresented in the IMF and I think it is important that it have more ...

  6. World bodies must change to stay relevant

    Posted Oct 19th 2005, 12:00am by Staff Reporter

    ... region generally a bigger role in the decision-making of the IMF and the World Bank. The ministers and bankers who attended the meeting committed their countries to adjusting financial ... the next IMF and World Bank meetings in Singapore next September. This deadline may be optimistic. China and India can only be given more power at the expense of existing members. This has ...

  7. End the power monopoly at global financial bodies

    Posted Mar 28th 2005, 12:00am by Staff Reporter

    ... or often overlooked, is the concern about appropriateness of allowing one country to keep a lock on a key global institution with 184 member countries. The World Bank and the IMF, both operating ... surfacing, unlike when the IMF's top position became vacant last year. Then, names from non-European countries were at least put forward, even if the job ultimately went to Spaniard Rodrigo ...

  8. class notes

    Posted Nov 19th 2005, 12:00am by Staff Reporter

    ... schools attended the forum, exchanging ideas on a variety of topics such as the art of leadership, school stability and reform, and teacher training and management. IMF scholarships offered The Japan-IMF Scholarship Programme seeks candidates from IMF Asian member countries who want to study economics at the doctorate level next autumn. Applicants must show that they have been admitted ...

  9. In Brief

    Posted Sep 20th 2005, 12:00am by Staff Reporter

    ... and in Hong Kong. FINANCIAL SECRETARY TO ATTEND IMF MEETING Financial Secretary Henry Tang Ying-yen will leave today to attend the World Bank Group and International Monetary Fund annual meetings in the US. Mr Tang will attend the plenary session of the World Bank and IMF meeting on Saturday in Washington where he will also meet finance ministers and central bankers from other economies ...

  10. New currency peg passes initial test

    Posted May 20th 2005, 12:00am by Louis Beckerling

    ... for the new system, first unveiled by HKMA chief executive Joseph Yam Chi-kwong on Wednesday, 'The IMF welcomes the three refinements to the operation of the linked exchange rate system, most ... the IMF's local representative. 'Taken together, these refinements should strengthen the operation of the currency board system.' Reuters reported that Hong Kong dollar trading reached ...




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