Government extends Help to Buy scheme to allow for coronavirus delays

The Government has announced a small extension to the Help to Buy equity loan scheme to allow for delays caused by coronavirus – but the change falls short of housebuilders’ hopes.

The building deadline for new homes sold through the scheme will be extended by two months, from the end of December 2020 to February 28 2021. But the March 31 2021 deadline for most sale completions remains the same. 

Where necessary, extensions may be granted for homebuyers who have experienced severe delays because of the pandemic and reserved properties before June 30. These buyers will get an extension to

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Huawei delays production of flagship phone after US crackdown

TAIPEI/TOKYO — Huawei Technologies has told some suppliers to delay production for its newest flagship smartphone as the Chinese tech company weighs potential supply-chain disruptions from an escalating U.S. crackdown, several sources familiar with the situation told the Nikkei Asian Review.

Huawei has asked for halts to production of some components for its latest Mate series of phones, and has also trimmed orders of parts for the coming quarters, as it tries to assess the impact on its smartphone business of Washington’s tightening export controls, sources said.

The unveiling of the latest Mate series, usually in the second half of

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Malaysia delays 5G by 12 months as spectrum allocations nullified

KUALA LUMPUR — Malaysia will have to wait another year before it can roll out 5G services after spectrum allocations to five telcos, one politically well-connected but lacking experience, were nullified due to the backroom nature in which they were sealed, sources told Nikkei.

Malaysia had been hoping to roll out 5G commercial products by September and allocated spectrum to Axiata’s Celcom, Digi.Com, Maxis, Telekom Malaysia and unlisted Altel Communications.

But on Wednesday the government admitted it would have to reverse the allocation and restart the process after a news report of the secretive deals led to a public uproar.

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Abe suffers a blow as public backlash delays prosecutor bill

TOKYO — Japan’s ruling party has given up on passing controversial legislation extending the retirement age of top prosecutors during the current session in the face of mounting public opposition, dealing a major blow to Prime Minister Shinzo Abe.

The shelving of a key bill pushed by the ruling coalition comes as another setback for Abe, who already faces criticism for his response to the coronavirus outbreak, including his about-face on the government’s cash payout plans.

Abe talked with leading party figures on Monday and agreed not to proceed with the bill during the current session of the Diet.


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