Page 17 - சிங்கப்பூர் தேமாஸேக் ஹோல்டிங்ஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Lifting taxes to shore up finances

Lifting taxes to shore up finances chinadaily.com.cn | Updated: 2021-03-05 16:18 Share CLOSE The Hong Kong Special Administrative Region government last month rolled out a further HK$120 billion (US$15.4 billion) relief stimulus package to prop up the pandemic-ravaged economy and lift economic growth by 2 percent. As a result, the budget deficit for the 2021-22 financial year is expected to reach HK$101.6 billion, accounting for 3.6 percent of the city s GDP, due to the countercyclical measures and the continued rise in recurrent expenditure. The government also offered a list of sweeteners , including HK$5,000 worth of electronic consumption vouchers for each eligible Hong Kong permanent resident and new arrivals aged 18 or above; cuts in salaries tax, capped at HK$10,000; a 100 percent reduction in profits tax, capped at HK$10,000, that will benefit nearly 130,000 enterprises; an extra half-a-month pay in welfare allowances; as well

Hong kong special administrative regionHong kong generalHong kongEugene yeungPwc hong kongMaurice tseStephen chiuCarie li ruofanJohn timpanyAnthony lauFund hong kong growth portfolioHong kong institute of certified public accountantsWing hang bankBusiness schoolBudget recommendation committeeAustralia greater china taxation committee co

Asia Bond House: HSBC

Quick to adapt In a rapidly changing market, one bank picked the right deals and harnessed Asia’s growing demand for socially responsible investments to fund Covid-19 recovery efforts. For its response to unprecedented conditions, HSBC is IFR’s Asia Bond House of the Year. Asia’s primary bond markets started 2020 on a tear, before issuance ground to a halt in mid-March as global markets plunged because of the coronavirus pandemic. In late March and April, Asian high-grade issuers took their first steps back into a fragile market – one where new issue concessions were essential. As confidence grew, high-yield issuance returned and new deals pushed out to longer tenors, but it took a skilled arranger to balance the needs of issuers and investors.

Hong kongSouth koreaSean mcnelisSoutheast asiaSean hendersonSingapore united overseas bankAmperex technologyChina national travel servicesChina development bank leasingAirport authority hong kongHysan developmentTencent holdingsKorea housing finance corpSingapore temasek holdingsBond houseAsia pacific

ESG Deal, Indonesia Capital Markets Deal: Star Energy Geothermal s US$1 1bn amortising green bond

Asia’s primary bond markets started 2020 on a tear, before issuance ground to a halt in mid-March as global markets plunged because of the novel coronavirus pandemic. In late March and April, Asian high-grade issuers took their first steps into a fragile market – one where new issue concessions were essential. As confidence grew, high-yield issuance returned and new deals pushed out to longer tenors, but it took a skilled arranger to balance the needs of issuers and investors. HSBC, which in 2020 created a strategic solutions group to advise clients more effectively on things like ratings and ESG considerations, was quick to respond to changing market conditions. “When we are the lead international bank, we are an advice-giver,” said Sean McNelis, global co-head of debt capital markets for HSBC, who also leads Asia Pacific debt capital markets alongside Sean Henderson. “We want to be the closest to the issuer, not just a passenger.” The Republic of Indonesia’s US$4.3bn

South koreaHong kongRepublic of indonesiaSean mcnelisSoutheast asiaSean hendersonAsia pacificSingapore united overseas bankAmperex technologyChina national travel servicesChina development bank leasingAirport authority hong kongHysan developmentScentre groupTencent holdingsKorea housing finance corp

High-yield Bond: Vedanta Resources US$1 4bn 13% amortising bonds due 2023

High-yield Bond: Vedanta Resources US$1 4bn 13% amortising bonds due 2023
ifre.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifre.com Daily Mail and Mail on Sunday newspapers.

South koreaHong kongRepublic of indonesiaSean mcnelisSoutheast asiaSean hendersonAsia pacificSingapore united overseas bankAmperex technologyChina national travel servicesChina development bank leasingAirport authority hong kongHysan developmentScentre groupTencent holdingsKorea housing finance corp

Bond House: HSBC

Bond House: HSBC
ifre.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifre.com Daily Mail and Mail on Sunday newspapers.

Hong kongSouth koreaRepublic of indonesiaSean mcnelisSoutheast asiaSean hendersonAsia pacificSingapore united overseas bankAmperex technologyChina national travel servicesChina development bank leasingAirport authority hong kongHysan developmentTencent holdingsScentre groupKorea housing finance corp