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THURSDAY, MARCH 10, 1994
THE THE GOVERNMENT WILL ALSO BE IDENTIFYING WAYS OF INVOLVING
INFRASTRUCTURE NEEDED FOR PRIVATE
IN SUPPLYING MORE OF THE SECTOR MAJOR DEVELOPMENT PROJECTS TO BE PROPERLY SERVICED.
OF DELAY IN USING PRIVATE SECTOR
THIS SHOULD HELP ELIMINATE SIGNIFICANT SOURCES
BY ON NEW SITES WORK STARTING CONSTRUCTION CAPITAL TO OPEN UP NEW LAND.
GOVERNMENT EFFORTS TO PREVENT THE LONG TERM
TURNING TO PUBLIC HOUSING PRODUCTION, HE SAID: "THE AND THE HOUSING AUTHORITY HAVE MADE CONCERTED PLANNED PUBLIC FLAT PRODUCTION FROM SLIPPING BEYOND HOUSING STRATEGY PERIOD UP TO 2001 AND TO ALLEVIATE A BUNCHING PROBLEM TOWARDS THE END OF THE PERIOD.
PROPOSAL TO
OF
"THE HOUSING DEPARTMENT HAS ALSO COME UP WITH A REDUCE THE CONSTRUCTION LEAD TIME TO BRING FORWARD THE COMPLETION PUBLIC HOUSING PROJECTS BY 11 MONTHS," HE ADDED.
PROPERTY INTO THE EASY-TO-ADMINISTER
ON A PROPOSAL OF INTRODUCING A CAPITAL GAINS TAX FOR
NOT FIT TRANSACTIONS, MR EASON SAID THE SUGGESTION DID
SIMPLE AND FUNDAMENTAL POLICY OF MAINTAINING A TAXATION REGIME BASED ON LOW TAX RATES.
ON OUR
ANY
BUT
OUTWEIGHS
"THE LONG-TERM NEGATIVE EFFECT SUCH A TAX MIGHT HAVE ECONOMY, AND ON THE WAY INVESTORS PERCEIVE HONG KONG, SHORT-TERM EFFECTS IT WOULD HAVE ON COOLING PROPERTY SPECULATION. OUR BOOK ON IT IS NOT COMPLETELY CLOSED,
HE NOTED.
WAS
IT HE SAID THE
HE DENIED THERE WAS A HIGH LAND PRICES POLICY BECAUSE THE MARKET RATHER THE GOVERNMENT THAT FIXED PRICES. GOVERNMENT'S POLICY WAS TO PROVIDE A SUFFICIENT SUPPLY OF LAND TO MEET DEMAND TO THE FULLEST EXTENT POSSIBLE.
**THERE IS NEITHER ANY EVIDENCE TO SUGGEST THAT DEVELOPERS HOARDING LAND AND FLATS BECAUSE THEY USUALLY SELL PRODUCTION, AND ON NEW SITES, THEY ARE BOUND BY WHICH REQUIRE PRODUCTION USUALLY WITHIN THREE YEARS,
ARE
FLATS AHEAD OF BUILDING COVENANTS
HE ADDED.
[L
LABOUR LAW CLARIFIED
EMPLOYMENT
INCLUDING ALL EMPLOYEES
WELFARE A LABOUR ORDINANCE THOSE
IN RESPONSE TO MEDIA AND PUBLIC ENQUIRIES ON EMPLOYEES' AND BENEFITS AS PRESENTED IN A RECENT TELEVISION PROGRAMME,
POINTED OUT THAT THE SPOKESMAN DEPARTMENT APPLIED, WITH CERTAIN EXCEPTIONS, TO BARNING MONTHLY WAGES OF MORE THAN $15,000.
AS
THE SPOKESMAN SAID AN THE LONG SERVICE PAYMENT, REGARD
HIS EMPLOYER EMPLOYEE WAS ENTITLED TO SUCH PAYMENT IF HE HAD SERVED FOR NO LESS THAN FIVE YEARS AND WAS BEING DISMISSED FOR REASONS OTHER THAN SUMMARY DISMISSAL OR REDUNDANCY; DIED IN SERVICE OR RESIGNED GROUNDS OF ILL HEALTH.
ON
/AN EMPLOYEE