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Hong Kong’s economy expanded by three.9% yr-on-12 months in real phrases in the first three quarters of 2017, after rising by 2% in 2016. IT, ITeS companies jittery over Rs 10,000 crore tax demand 23 Nov, 2017 09:33 AM ISTI-T dept has instructed cos to return export benefits claimed in last 5 yrs on software program supplied to foreign shoppers, and has sought 15% extra service tax along with fines. Jio studies optimistic AGR of Rs four,270 crore for the first time in September quarter 25 Nov, 2017 12:38 AM ISTJio’s optimistic AGR drove up total telecom trade income by eight.6 per cent to Rs 30,000 crore sequentially in the second quarter after three successive quarters of declines.

On the idea of the Guangdong Settlement, the Settlement on Trade in Providers signed in November 2015 additional enhances the liberalisation in both breadth and depth, together with extending the implementation of the vast majority of Guangdong pilot liberalisation measures to the whole Mainland; reducing the restrictive measures in the destructive checklist; and including 28 liberalisation measures in the optimistic lists for cross-border services as well as cultural and telecommunications services.

On the enhancement of bilateral ties, the Authorities will actively search to sign free trade agreements (FTAs), investment promotion and safety agreements (IPPAs) and comprehensive avoidance of double taxation agreements (DTAs) with different economies to open up markets and to further strengthen Hong Kong’s place as a global trade, industrial and financial centre.

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To develop Hong Kong as a global innovation and know-how hub, Ms Lam additionally sets out an array of measures to spur development for innovation and expertise and the creative industries. On this Business Information podcast Mark Beyer and Mark Pownall discuss inventory market hits highs, renewables privatisation, Perth Stadium, Historic Coronary heart, Perth Pageant, and junior miners.