provident

Homeowner Jackson Wang said he is going to move his mortgage with a top Chinese bank to the provident housing fund, which would lower his interest rate to 3.2% from the current 4.8%.

Jackson Wang said he is going to move his mortgage with a top Chinese bank to the provident housing fund, which would lower his interest rate to 3.2% from the current 4.8%.

This, too, turned out to be provident for the driver, as the area in which he crashed has little to no cellphone reception.

"The government does little for the welfare of the sherpas," Kami Rita said, urging authorities to launch welfare schemes like a provident fund, retirement benefit and education facilities for their children.

It may be necessary to restructure loans obtained locally with proper safeguards for banks and employees’ provident funds from which the government has borrowed, he said.