Latest news with #economicBenefits
Yahoo
3 days ago
- Business
- Yahoo
Service station expansion expected to get go-ahead
Plans to double the size of a service station look likely to be approved. Gillingham Services, in south Norfolk near Beccles, could expand if South Norfolk Council's planning committee offers the green light to the scheme on Wednesday. Council officers have recommended it is given the go-ahead. The bid would see a new Marks and Spencer's shop and a Greggs drive-through built. The current services, off the roundabout between the A146 and A143 Norwich Road close to the Norfolk-Suffolk border, include a petrol station, McDonald's, KFC and Starbucks. The council has received dozens of objections from locals with concerns, including fears about increased noise and light pollution, as well as heavy traffic in the area. The proposed development includes a farm shop, electric vehicle charging hub, and six other trade units in addition to Marks and Spencer's and Greggs. The plans also include a battery energy storage system (BESS) but few details are known about its design and scale at this stage. It is expected that the development will create around 115 full-time jobs. In a report to councillors, officers acknowledged concerns, but said the development would provide "overriding" economic and social benefits. Follow Norfolk news on BBC Sounds, Facebook, Instagram and X. Local Democracy Reporting Service South Norfolk Council
BBC News
3 days ago
- Business
- BBC News
Norfolk service station expansion expected to get go-ahead
Plans to double the size of a service station look likely to be Services, in south Norfolk near Beccles, could expand if South Norfolk Council's planning committee offers the green light to the scheme on officers have recommended it is given the bid would see a new Marks and Spencer's shop and a Greggs drive-through built. The current services, off the roundabout between the A146 and A143 Norwich Road close to the Norfolk-Suffolk border, include a petrol station, McDonald's, KFC and council has received dozens of objections from locals with concerns, including fears about increased noise and light pollution, as well as heavy traffic in the proposed development includes a farm shop, electric vehicle charging hub, and six other trade units in addition to Marks and Spencer's and plans also include a battery energy storage system (BESS) but few details are known about its design and scale at this is expected that the development will create around 115 full-time a report to councillors, officers acknowledged concerns, but said the development would provide "overriding" economic and social benefits. Follow Norfolk news on BBC Sounds, Facebook, Instagram and X.
South China Morning Post
06-05-2025
- Business
- South China Morning Post
Weaker Hong Kong dollar to boost tourism and lower import costs, economists say
Recent weakness in the Hong Kong dollar against some currencies in the region has made the city more appealing to inbound tourists while lowering imported costs, according to economists and industry leaders. Advertisement The Hong Kong dollar, pegged to the US dollar, weakened against a basket of currencies as reflected in the US dollar DXY Index, dropping 4 per cent in the first quarter. The drop in the local currency occurred even though it appreciated strongly against the US dollar in the past four days, prompting the Hong Kong Monetary Authority to intervene for the third time since Saturday. 'A weaker Hong Kong dollar will help boost tourism and bring more economic benefits to the city than anything else,' said Billy Mak Sui-choi, associate professor at Baptist University's department of accountancy, economics and finance. He explained that the local currency peg to a weakening US dollar would lead to the Hong Kong dollar's depreciation against other currencies, resulting in cheaper prices for local professional services. Advertisement 'This will help boost tourism, creating a stronger incentive for tourists to come to Hong Kong and global investors to seek our professional services such as accounting and legal services.' Mak pointed out that the inflow of overseas capital would stimulate more economic activity in Hong Kong as banks would have a tendency to reduce interest rates driven by greater liquidity flows.
