Fuel tax 'to be levied soon as timing is right'
Han Wenke, director-general of the Energy Research Institute of the National Development and Reform Commission, told media yesterday (November 18) that the government is likely to levy fuel taxes soon, whilst reducing road tolls and maintenance fees. The timing of the introduction of such a tax has long been a hot topic. Many believe the present low crude oil price is a perfect opportunity for the government to levy the tax as a key step towards letting the market eventually set prices, as consumers will be more amenable when oil prices are low.
Yahoo shares rebound after CEO Yang ready to step down
Yahoo shares jumped nearly 10 percent Tuesday on the NASDAQ, one day after co-founder of the Silicon Valley giant, Jerry Yang announced that he is stepping down as chief executive. Yang said on Monday that he will step down as soon as the struggling company finds a new chief executive, but that he will remain on its board of directors. The announcement comes six months after Yahoo refused a 47-billion-dollar merger offer from Microsoft and failed efforts to sell itself to other media giants.
(Jerry Yang, co-founder of the Silicon Valley giant, announced that he is stepping down as chief executive.)
$41b flows into county sewage facilities Some 280 billion Yuan ($41 billion) will be spent on sewage treatment in 90 percent of the country's counties, as part of the central government's 4-trillion-yuan economic stimulus package. Around 2,600 counties will benefit from the building or upgrading of facilities. Economists and environmental specialists said that the completion of the program, planned for in three years, will greatly improve local people's living standards.
|
