Business News Today
This change aligns all the tip dates of those schemes, making certain that there is additional help in place for those firms who need it. This contains extending the size of the mortgage from six years to 10, which will reduce month-to-month repayments by almost half. Interest-solely durations of as much as six months and cost holidays will also be out there to companies. These measures will additional shield jobs by serving to businesses recover from the pandemic. As part of the bundle, the government also introduced it will lengthen the short-term 15% VAT reduce for the tourism and hospitality sectors to the top of March next 12 months.
Inbound international direct investment was up a strong 18.7% in August versus a yr earlier. The authorities has inspired this inflow of capital as a part of its effort to create a larger and more sophisticated capital base with which to generate future progress. Meanwhile, the government additionally reported that Chinese banks increased lending by 29% from July to August.
For more than a month since key provisions of the landmark Cares Act expired, Democrats and Republicans have been at odds over the size and scope of another coronavirus aid bundle. …
