Concession on diesel duty set to be extended The government has announced an extension of the concessionary duty rate of HK$1.11 per litre for ultra low-sulfur diesel for two more years. It is estimated that the duty concession will cost the government about HK$1.1 billion each year in 2007 and 2008. The decision was made in view of the difficulties faced by the transport industry and the likelihood thatworld oil prices would stay high. Row over accounting newsletter rages on Accounting sector legislator Mandy Tam Heung-man yesterday warned the Hong Kong Institute of Certified Public Accountants to stop 'blocking' contact with her constituents or face further action. The institute has refused to send her quarterly newsletter to members, saying it would send to only those who explicitly said they wished to receive it. She questioned whether the institute intended to manipulate voters ahead of the Election Committee, in which its president, Paul Chan Mo-po, is leading a list to contest seats. hos flat sales approved The Housing Authority has approved a plan to sell 3,056 Home Ownership Scheme flats, with prices ranging from HK$563,900 to HK$1.89 million. Applications are expected to be accepted early next year.
