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  1. CE's remuneration to remain unchanged until 2007: commission

    Posted Jun 09th 2005, 12:00am by Staff Reporter

    ... LAI YING-KIT Updated at 4.58pm: The remuneration package for the top job in Hong Kong would remain unchanged until July 2007- when the third Chief Executive assumes office, an independent commission report said on Thursday. The Independent Commission on R ...

  2. Employers paying up to keep best workers

    Posted Apr 08th 2005, 12:00am by Nick Gentle

    ... Nick Gentle Survey shows more than 70pc of firms have increased wages this year A new survey has found wages, having been frozen for so long, are finally thawing. The pay-trend survey, issued by the Hong Kong Institute of Human Resource Management yesterd ...

  3. Mixed reaction to increasing the threshold for income tax

    Posted Aug 27th 2005, 12:00am by Cary Huang

    ... income tax. The Standing Committee is debating two amendments to the Personal Income Tax Law, one of which would raise the taxable threshold from the current 800 yuan a month to 1,500 yuan. Jie ... yuan a month. They argued that many middle-income earners- those earning about 2,000 yuan a month- would be caught in the tax net if the new threshold was set at 1,500 yuan. Shi Guangsheng, ...

  4. Lucrative new income source for circuit

    Posted Jun 13th 2005, 12:00am by Staff Reporter

    ... events. 'We just leased out the facility this time. This kind of project will be one of the major income sources for the circuit in the future.' While Mao declined to reveal the details ...

  5. Time to stop budgeting on land sales income

    Posted Mar 17th 2005, 12:00am by Jake Van Der Kamp

    ... fund'. While stressing that the improvement in the government's financial position is largely due to $31.3 billion in land premium income for 2004-05, 'more than 21/2 times the original ... estimate is based almost exclusively on the assumption that annual land premium income will amount to a steady 2.4 per cent of gross domestic product. This would ordinarily be a reasonable ...

  6. TVB expects 20pc jump in ad income

    Posted Mar 22nd 2005, 12:00am by Staff Reporter

    ... Sidney Luk Television Broadcasts (TVB) expects advertising revenue in the first quarter will grow 10 to 20 per cent over last year, backed by heavy promotions on consumer products and banking. 'We had double-digit growth in January,' said assist ...

  7. Lenders tweak their funds as income falls and demand changes

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

    ... Kelvin Wong The interim results posted by banks in the past three weeks have been highlighted by a slowdown in fee and commission income growth. This is in stark contrast to past reporting seasons when rapidly falling interest income forced lenders to diversify, producing some stunning figures under non-interest income. Bank of China (Hong Kong) has been one of the biggest victims ...

  8. Income tax proposal met with mixed views

    Posted Sep 28th 2005, 12:00am by Cary Huang

    ... Cary Huang in Beijing When the national legislature threw the hot issue of personal income tax reform to a handful of carefully selected participants at its maiden public hearing yesterday, half of those present called for a higher income tax threshold. Drawn from 4,982 applicants, the 20 participants at the hearing included people from a range of social backgrounds across ...

  9. Changes to income tax law target the wealthy

    Posted Sep 30th 2005, 12:00am by Cary Huang

    ... Cary Huang in Beijing Beijing aims to draw the country's millionaires into its tax net by changing the income tax law, according to a senior Ministry of Finance official. Jia Kang, director of the ministry's Research Institute for Fiscal Science, said loopholes meant most millionaires escape paying personal income tax. Amendments to the Personal Income Tax Law, submitted ...

  10. Incomes, spending continue to surge

    Posted Oct 29th 2005, 12:00am by Cary Huang

    ... Cary Huang in Beijing Efforts to stimulate consumption to spur economic growth paying dividends Personal income and private consumption in mainland cities continued to register ... the bureau said, with total city employment reaching 111 million. Total per capita urban disposable income in the first nine months rose 11.7 per cent year on year to 7,902 yuan. Adjusted ...




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