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HONG KONG, May 1 Asia Pulse - Highlights of today's newspapers:
SOUTH CHINA MORNING POST:
- New headquarters for the Government and Legislative Council will be built on the Tamar site, with HK$6.4 billion to be spent on construction.
- The Hong Kong Monetary Authority says it is concerned by aggressive competition between banks battling to lend funds to home owners and taxi drivers.
- Workers in Hong Kong are putting in longer hours because of the economic downturn, with 35 per cent of people in low-paid jobs working 10 hours a day or more, a survey has found.
- Hong Kong moved closer to a clampdown on offshore gambling yesterday after lawmakers finished vetting a controversial bill.
- The schedule and number of government-subsidised flats to be sold after a moratorium is lifted next month will be decided based on the market situation, the Chief Secretary said yesterday.
Source: HighBeam Research, HONG KONG NEWSPAPER HIGHLIGHTS - MAY 1, 2002.