Briefs, December 11, 2012

PUBLISHED : Tuesday, 11 December, 2012, 12:00am
UPDATED : Tuesday, 11 December, 2012, 2:55am

China car sales near two-year high

Monthly car sales on the mainland rose to the highest level in almost two years as consumer confidence improved and dealerships increased discounts to reduce stockpiles. Wholesale deliveries, including multipurpose and sport utility vehicles, gained 8.75 per cent to 1.46 million units last month, the China Association of Automobile Manufacturers said yesterday. Buyers are stepping up car purchases as dealerships increase discounts to cut stock at the end of the year, according to industry research firm IHS Automotive. Bloomberg


PCCW to hire more as business grows

PCCW group managing director George Chan said it would continue to hire more staff as its business grew. The group has about 3,000 employees. Chan said the company would need more personnel because it had secured information technology orders valued at HK$645 million, twice the IT business it did last year. Chan was also optimistic about the company's bid for free-to-air television licence. Enoch Yiu