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HONG KONG NEWSPAPER HIGHLIGHTS - MARCH 1, 2007.

AsiaPulse News

| March 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

HONG KONG, March 1 Asia Pulse - Highlights of today's newspapers:

SOUTH CHINA MORNING POST:

- The finance chief yesterday disclosed the biggest giveaway budget since the handover, using a windfall budget surplus to hand out a HK$20 billion package that includes tax rebates of up to HK$15,000 and rate waivers of up to HK$5,000.

- The finance chief yesterday disclosed the biggest giveaway budget since the handover, using a windfall budget surplus to hand out a HK$20 billion package that includes tax rebates of up to HK$15,000 and rate waivers of up to HK$5,000.

- Cruise travellers and cargo containers rubbed shoulders yesterday as the city rolled out the welcome mat to Queen Mary 2, the world's largest passenger ship at the Kwai Chung cargo terminal.

THE STANDARD:

- The ripple effect of the selloffs in global markets hit Asia Wednesday, sending the Hong Kong benchmark index down more than 700 points at one point after the US blue-chips index plummeted over 400 points Tuesday following a meltdown in the mainland market.

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Source: HighBeam Research, HONG KONG NEWSPAPER HIGHLIGHTS - MARCH 1, 2007.

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