Thursday 28th February 2013

Dear Reader,

NEW ARTICLE
A secret mile-high stake in Pico (0752)
We name and shame Denver Investments, a US-based fund manager, for failing to disclose its stake in Pico for 13 months. We explain why they are unlikely to face prosecution. (28-Feb-2013)

RECENTLY ON WEBB-SITE
Double stamp duty
We explain the fallacy in the proposed so-called "demand-side" measures announced on Friday. Higher transaction costs reduce volumes, not prices, and affect both buyers and sellers. We ask whether this is really worth trashing HK's reputation as a free and open economy and what this meddling is trying to achieve. (25-Feb-2013)

The alternative Budget Speech, 2013: Prosperity through Reform
Webb-site reveals the Hong Kong Budget Speech which should be delivered next Wednesday. (22-Feb-2013)

IN OTHER NEWS
Webb on "Backchat" re the budget
RTHK, 28-Feb-2013

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