Secretary for Economy and Finance Lionel Leong Vai Tac said on Thursday that the government would keep a close eye on the local mortgage market and banking sector after the US Fed’s rate hike in Washington, DC, on Wednesday. Leong made the remarks after a closed-door meeting with the legislature’s 3rd Standing Committee about the […]
Day: December 18, 2015
Responding to lawmakers’ doubts on the expected impact of new motor vehicle tax rates on lowering the city’s annual growth rate in motor vehicles, Transport Bureau (DSAT) Director Lam Hin San said he believed that once the new tax rates are in place the annual growth rate will drop by about 1 percentage point from […]