December 26, 2024
Financial Assets

Reviving special loans will elevate risks, warns Chan

The special guaranteed loan scheme has seen over HK$13 billion in bad debts, says Paul Chan. SING TAO Algernon Yau Previous Next Caroline Zheng Hong Kong must be wary of resurrecting a special guaranteed loan scheme for small businesses introduced during the Covid pandemic as it could encourage excessive

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Fixed Assets

US agrees to sell $52.8 million worth of anti-submarine warfare equipment to India

New Delhi: In the middle of Defence Minister Rajnath Singh’s US visit, the Joe Biden Administration has approved a $52.8 million sale of sonobuoys for anti-submarine warfare for MH-60R helicopters operated by the Indian Navy. The Defense Security Cooperation Agency has delivered the certification for the possible sale to Congress, and the final commercial agreement

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Fixed Assets

Jade Land Properties turns 31, opens new HQ

At the launch are, from left, Lily Tan, Sylvia Wong, Willie Lai, Charlene Ng, Theresa Fok, Alfred Sit, Kyran Sze, Pauline Jones and Danny Lau. SING TAO Staff reporter Jade Land Properties has opened its new headquarters at Shui On Centre in Wan Chai. The launch event, held on August 12, also marked the

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Financial Assets

Retail bonds may go on sale come September

Paul Chan unveiled plans to issue HK$70 billion worth of retail bonds while presenting the budget earlier this year. Sing Tao Previous Next Staff reporter The Hong Kong government may issue retail bonds for sale as early as late September, after announcing a plan in February to issue

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Financial Assets

Bonds leap amid crypto tailspin

Cryptocurrency ATMs in Hong Kong. BLOOMBERG Bitcoin and ether dived yesterday to multi-month lows as worries over a possible US recession in the wake of soft data gripped financial markets while US Treasuries were among the day’s winners as investors rushed to safe-haven assets. Bitcoin plunged 13 percent to US$51,560 (HK$401,282) at one time,

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