Tag: Adjustment

Adjustment of parking fees of government public car parks managed by TD ***********************************************************************      The Transport Department (TD) today (May 6) announced that the parking fees of 11 government public car parks under its management will be increased with effect from June 1.       “In considering the adjustment of parking fees of the 11 government public car parks, the TD has taken into account several factors, including the charges of nearby public car parks, public acceptability and the utilisation of the government car parks,” a spokesman for the TD said.      The 11 car parks are Kennedy Town Car Park, Rumsey Street ... Read more

Adjustment of Base Rate *********************** The following is issued on behalf of the Hong Kong Monetary Authority:      The Hong Kong Monetary Authority announced today (May 4) that the Base Rate has been set at 5.5 per cent with immediate effect according to a pre-set formula.      The Base Rate is the interest rate forming the foundation upon which the Discount Rates for repurchase transactions through the Discount Window are computed. The Base Rate is currently set at either 50 basis points above the lower end of the prevailing target range for the US federal funds rate or the average of the ... Read more

Adjustment to Value Bands of Ad Valorem Stamp Duty payable for sale and purchase or transfer of residential and non-residential properties (Scale 2 rates) ******************************************************************************************      The 2023-24 Budget announced the adjustment of value bands of the Ad Valorem Stamp Duty (AVD) (Scale 2 rates) payable for sale and purchase or transfer of residential and non-residential properties, with a view to easing the burden on ordinary families of purchasing their first residential properties. The adjustment have come into effect at 11am today (February 22) (the Effective Date).             At present, AVD at Scale 2 rates is mainly applicable to acquisition of ... Read more

Adjustment of Base Rate *********************** The following is issued on behalf of the Hong Kong Monetary Authority:            The Hong Kong Monetary Authority announced today (November 3) that the Base Rate was adjusted upward to 4.25 per cent  with immediate effect according to a pre-set formula.             The Base Rate is the interest rate forming the foundation upon which the Discount Rates for repurchase transactions through the Discount Window are computed. The Base Rate is currently set at either 50 basis points above the lower end of the prevailing target range for the US federal funds rate or the average of ... Read more

October 2022 adjustment in ceiling prices for dedicated LPG filling stations ****************************************************************************      ​The Electrical and Mechanical Services Department today (September 22) announced an adjustment to the auto-LPG (liquefied petroleum gas) ceiling prices for dedicated LPG filling stations from October 1 to October 31, 2022, in accordance with the terms and conditions of the contracts of the dedicated LPG filling stations.        A department spokesman said that the adjustment on October 1, 2022, reflects the movement of the LPG international price in September 2022. The adjusted auto-LPG ceiling prices for dedicated LPG filling stations will range from $3.88 to $4.46 per ... Read more