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The bill is expected to relieve financial burden of taxpayers.

The government said the new social distancing measures would take effect from today, 29 April.

About half of 65 deals done by Savills were situated in non-core areas.

Its net profit for the quarter amounted to $35.7b (US$4.6b).

The first round, suspended in December, will likely resume in May.

The government will accept applications for six months.

The Hang Seng Index extended its recent losses, closeing down marginally by 0.04% or 11.29 points to end at 28,941.54 on Tuesday. This comes as investors await comments from the policy meeting of the US Federal Reserve.

Hong Kong residents may return to the city between 29 April to 16 May.

The total value of exports and imports rose 26.4% and 21.7%, respectively.

The scheme will extend $100,000 worth of subsidies for entertainment venues.

The inaugural flights between Singapore and Hong Kong will depart from 26 May.

The Hang Seng Index closed down 0.43% or 125.92 points to end at 28,952.83 on Monday, as fears over the resurgence of COVID-19 in overseas markets weighed on investor sentiment.

The bank maintained its inflation forecast at 1.6% to 1.8% in 2021.

The proposed bubble has seen multiple delays since it was first supposed to go ahead in November last year.

This was attributed to sales growth, effective business plan, and government grants.

Only 9% of businesses expected a better situation over the coming three months in the preceding quarter.