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Following the Budget Speech presented by the Financial Secretary Mr Henry Tang this morning at 11am, in which he reduced the tax on beer and liquor (under 30% alcohol content) from 40% to 20% and on wines from 80% to 40%, the Lan Kwai Fong Entertainments group will take the following action in the interest of our customers: • The menu price of beer affected by this tax cut will be reduced by 6-7% in our establishments starting Saturday March 3rd, 2007. • The menu price of wines affected by this tax cut will be reduced by 10-15% in our establishments starting Saturday March 3rd, 2007. Lan Kwai Fong Entertainments commends this tax cut for boosting the food & beverage industry, and promoting Hong Kong as an affordable tourist destination while maintaining world-class levels of service, and we look forward to further cuts in the future. To celebrate this rate cut, Lan Kwai Fong Entertainments invites its customers to Happy Hour all night for beer & wine this Saturday March 3rd, on top of the newly reduced prices. Lan Kwai Fong Entertainments owns and operates high-end restaurants and bars in the trendy Lan Kwai Fong district of Central. Founded by Dr. Allan Zeman, this group offers innovative and creative F&B services to private individuals and corporate clients alike. www.LKFE.com (information provided by the venue)
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