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  • April 18, 2014
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  1. HK Electric beats forecasts with HK$8b profit

    Posted Mar 18th 2009, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong Electric Holdings delivered a forecast-beating net profit of HK$8 billion last year, powered by newly acquired projects overseas and lower depreciation charges ... in England and Stanley Power's six power plants in Canada helped drive earnings abroad 41.6 per cent higher to HK$1.02 billion. The strong overseas growth disguised a meagre 4.16 per cent rise ...

    http://www.scmp.com/article/673729/hk-electric-beats-forecasts-hk8b-profit
  2. HK's strategic location outweighs high shop rents, says MCM

    Posted Mar 30th 2011, 12:00am by Peggy Sito

    ... by the Korean-based Sungjoo Group, will open its largest outlet in the world later this year in the Entertainment Building in Central. Property consultants believe MCM is paying about HK$2.4 million a month ... on the owner's revised asking rent of around HK$2.4 million a month. That represented a 70 per cent rise from the old lease. Tang said the decision to expand in Hong Kong was prompted by the sharp growth ...

    http://www.scmp.com/article/742462/hks-strategic-location-outweighs-high-shop-rents-says-mcm
  3. Nuclear crisis puts HK energy goals in doubt

    Posted Mar 19th 2011, 12:00am by Staff Reporter

    ... Cheung Chi-fai Hong Kong will consider the implications of the Fukushima nuclear crisis and its impact on the nuclear industry before deciding whether to harness more nuclear energy from the mainland, environment officials say. The unfolding crisis has le ...

    http://www.scmp.com/article/741327/nuclear-crisis-puts-hk-energy-goals-doubt
  4. Ex-England chief to lead HK reform

    Posted Oct 06th 2010, 12:00am by Alvin Sallay

    ... of reviving Hong Kong soccer. The change agent has nine months to put in place the recommendations made in the consultancy study. They will not come cheap. Scott Wilson had been given HK$2 million ... million (HK$39.2 million) loan to the Welsh FA. He became executive director in 2003. He had further spells as acting chief executive before stepping down in 2006. The HKFA has applied for funding ...

    http://www.scmp.com/article/726658/ex-england-chief-lead-hk-reform
  5. Beverly Hills deal a steal for HK buyers

    Posted Oct 07th 2010, 12:00am by Sandy Li

    ... HK$61 million of debt from the listed company, Far East Holdings International, in which Duncan was the managing director. Far East Holdings International is the sister company of Far East ...

    http://www.scmp.com/article/726711/beverly-hills-deal-steal-hk-buyers
  6. HK office market into full recovery

    Posted Oct 13th 2010, 12:00am by Peggy Sito

    ... Peggy Sito The office sector in Hong Kong has entered into a full recovery, with property values being driven higher and rents going up, according to Barclays Capital. Amid strong demand, the investment bank forecasts year-on-year growth in grade-A office ...

    http://www.scmp.com/article/727326/hk-office-market-full-recovery
  7. Genting HK swings to profit as casino business picks up

    Posted Aug 31st 2010, 12:00am by Staff Reporter

    ... up 0.88 per cent yesterday to close at HK$2.29, the highest close since January 2008. The stock has risen more than 80 per cent in the past three months. Back in the black The owner of Star ...

    http://www.scmp.com/article/723484/genting-hk-swings-profit-casino-business-picks
  8. Pyramid sales probe zeroes in on HK firm

    Posted Mar 26th 2010, 12:00am by Austin Chiu

    ... Shenzhen police are investigating a suspected pyramid-selling scheme run out of Hong Kong that may have cost some 600,000 mainland investors almost 2 billion yuan (HK$2.27 billion) over ... My Cool International Technology Group (HK), even used images of Hong Kong Chief Executive Donald Tsang Yam-kuen and tycoon Richard Li Tzar-kai to burnish its credentials. 'I visited ...

    http://www.scmp.com/article/709674/pyramid-sales-probe-zeroes-hk-firm
  9. US fashion chain signs store lease for HK$11m a month

    Posted Jul 01st 2010, 12:00am by Yvonne Liu

    ... Yvonne Liu United States fashion chain Forever 21 will pay a monthly rent of HK$11 million to lease a six-storey retail arcade in Causeway Bay, the largest retail leasing transaction in two years. The store's turnover has to reach at least HK$60 million a month in order to cover the monthly rent and generate reasonable profit, said Helen Mak Hoi-lun, the director ...

    http://www.scmp.com/article/718618/us-fashion-chain-signs-store-lease-hk11m-month
  10. Unicom marks 10 years of listing in HK

    Posted Jul 08th 2010, 12:00am by Staff Reporter

    ... this year.' Unicom posted a 68 per cent year on year drop in first-quarter net profit to 1.13 billion yuan (HK$1.3 billion), as it continued spending heavily on marketing to attract more 3G users. ...

    http://www.scmp.com/article/719130/unicom-marks-10-years-listing-hk

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