Govt Cuts Fees For Transitional Home Operators
"); jQuery("#212 h3").html("

"); });
2019-04-18 HKT 18:23
The government has approved more measures to help social enterprises which are providing transitional housing, including exempting them from some payments they have to make to get a site or building from the Lands Department.
Groups which aim to provide these temporary homes for those awaiting public housing flats now don't have to pay fees to the department when applying for a temporary permit to use a government site or building.
They will also be exempt from paying fees for short term tenancies, rents and other associated costs.
Democratic Party lawmaker Andrew Wan welcomed the new measures, saying this would encourage the development of more transitional housing. But he said the government should get more involved, instead of only helping NGOs in doing the task.
The DAB also welcomed the measures, saying these steps will cut the red tape for applicants. But lawmaker Vincent Cheng said there is still a lot that the government has to do to boost the supply of transitional housing.
He said the government can help NGOs by providing technical information and help determining whether plots are good for housing people.
SBI Holdings To Acquire Bitbank In US$289M Crypto Expansion
SBI Holdings has agreed to acquire Japanese crypto exchange Bitbank in a deal valued at approximately US$289 million, w... Read more
4 Ways Hong Kong Banks Fight Financial Crime Using AI, According To HKMA
The Hong Kong Monetary Authority (HKMA) wants banks to use AI in financial crime as a way to counter cyberattacks and s... Read more
Ripple Launches RLUSD Stablecoin In Japan Through SBI Group
Ripple has launched its US dollar-denominated stablecoin, Ripple USD, in the Japanese market. The expansion follows reg... Read more
SBI And Startale Launch Trust Bank-Backed Yen Stablecoin JPYSC In Japan
SBI Group has introduced its trust based stablecoin JPYSC in partnership with Singapore-based fintech company Startale ... Read more
Visa Study: Digital Wallets Lead Greater Bay Area Payment Preferences
Visa has released its latest Consumer Payment Attitudes Study, highlighting how payment seamlessness is linked to a shi... Read more
European And South Korean Banks Form Project Pangea For FX Settlement
Chainlink, South Korean infrastructure provider FairSquareLab, the Unified Korea Alliance (UniKA), and European stablec... Read more