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HONG KONG: Tough measures to cool the property market in China's resort island of Hainan have put the brakes on a real estate boom and underscore the policy risks developers and investors face as the government tries to rein in prices.
THE Government has announced a slew of measures related to the property sector. While the real property gains tax (RPGT) was uppermost on the minds of both developers, consultants and property buyers, Prime Minister Datuk Seri Najib Tun Razak also proposed other measures to keep the momentum going for the sector.
#8220;IT is the best the government can do in the current situation,#8221; says Alliance Merchant Bank's head of research Nor Zahidi Alias. He joins a chorus of other market observers and analysts on the recent 10-point measures to give the capital market a boost.
ATHENS, Greece: The Greek Cabinet on Thursday approved and submitted to Parliament a new round of painful austerity measures and a €50 billion (US$73 billion) privatization drive that are essential for the debt-ridden country to continue receiving funds from its international bailout.
THE incentives and measures in Budget 2005 are likely to focus on four key areas - fiscal consolidation, enhancing business competitiveness and increasing domestic investment, promoting and developing new sources of growth and capital market expansion.
HONG KONG: Hong Kong's powerful property developers are locked in a price war as measures to cool one of the world's most expensive real estate markets force them to impose steep discounts to hit sales targets, with many turning to mainland China to fill the gap.