The crackdown on smoking advertising is assuming a global trend. Many countries are moving gradually to tighten grip on smoking promotion to reduce tobacco-related deaths. The tobacco industry, which rakes in huge revenues and gives employment to lot many people, is lobbying hard to put brakes on an all-out war against tobacco even as governments move cautiously to address …

  Cal Wong SPECIAL TO EMIRATES BUSINESS Amid the slowdown in the Hong Kong property market, Hong Kong’s overall tax revenue has fallen for the first time in six years. In total, the taxman collected HK$291.3 billion (US$37.5 billion), down HK$10.6 billion from the year before. Stamp duty takings on property transactions have plunged 16 percent in the 2015-16 fiscal …

  On Tuesday night, the Australian federal government delivered its budget for the forthcoming Australian financial year (1 July 2016 – 20 June 2017). The budget contained no dramatic announcements or big concepts. With an election to be held on July 2, and current polls indicating an erosion of its favorability, the conservative coalition government felt an inability to propose …