scheme
Hong Kong Landlords Face Hefty Inspection Fees Under New Pilot Scheme to Combat Persistent Water Seepage
Hong Kong’s persistent battle against water seepage, a pervasive issue plaguing its densely populated urban landscape, is set to intensify with the introduction of a new pilot scheme that places the financial burden of inspections squarely on the shoulders of negligent landlords. Under this initiative, property owners who fail to address water seepage affecting flats […]
Hong Kong Taxpayers Face Potential HK$28 Billion Bill from Defunct COVID-19 Loan Scheme Defaults
Hong Kong taxpayers are facing a potential financial burden of nearly HK$28 billion (US$3.57 billion) due to defaults on loans issued under a now-discontinued government-backed scheme, initially designed to provide a crucial lifeline to small and medium-sized enterprises (SMEs) during the COVID-19 pandemic. The Special 100% Loan Guarantee, a prominent component of the SME Financing […]