Originally posted by rs400 at 3-3-2011 20:40
Bank of East Asia (SEHK: 0023) economist Tang Sai-on estimated the handouts would lift inflation by 0.2 percentage points to 4.7 per cent this year. "The cash handouts amount to about one per cent of the gross domestic product. Even if just half of that is spent, it will still push up inflation."
There you have it. It does little for inflation in HK but for WGs, this could spell a 20% increase in their prices as they would be more accessible to would be punters.
Originally posted by rs400 at 3-3-2011 20:40
Macau, I believed, didn't post cheques out, but those eligible would go collect the cheque?
In Macau, the cheques are most definitely mailed out to the recipeints but John Tsang had said this would be impractical for HK. Govt will make sure it won't be easy getting hold of this $6,000 so those who don't need the money may forfeit the benefit. We shall see.