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  • October 23, 2014
  • Last updated: 1:05pm
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  1. News - World - IRELAND

    Ireland set for revamp of corporate tax of global giants to eliminate loophole

    Posted Oct 15th 2014, 05:12am by Reuters

    ... edge The Irish government is making sweeping changes to corporate tax structure, phasing out a loophole that has allowed multinationals to save billions of dollars in tax on worldwide income. ... crisis. The change in corporate tax structure will be the country's most significant tax reform since it lowered the corporate rate to 12.5 per cent in the late 1990s to lure jobs ...

  2. Business - Money - REGULATION

    Hong Kong, China MOU sorts out market misconduct rules before through train

    Posted Oct 22nd 2014, 01:06pm by Enoch Yiu

    ... but professionals warn it will not solve all regulatory problems. The Securities and Futures Commission and the China Securities Regulatory Commission last week signed a memorandum of understanding allowing ... of challenges owing to the intrinsic differences of the two markets. Trading systems and practices as well as more profound issues such as corporate governance and minority shareholders' rights ...

  3. News - China - REFORM

    China's scandal-hit railways ministry to be axed in government revamp

    Posted Mar 11th 2013, 12:00am by MANDY ZUO

    ... and a new China Railways Corporation, State Council secretary general Ma Kai told the National People's Congress in Beijing. The National Population and Family Planning Commission - executor ... Mandy Zuo mandy.zuo@scmp.com Cabinet moves to streamline government, but reforms fall short of more radical proposals such as for energy and culture super-ministries Railways ministry ...

  4. Business - China Business - RAILWAYS

    China Railway Construction Corp wins 13.2b yuan of orders

    Posted Nov 13th 2012, 12:00am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Builder wins 13.2b yuan of orders China Railway Construction Corporation has won two contracts worth 13.2 billion yuan (HK$16.4 billion), the company ... the chairman of China Railway Group, as saying. China Railway and CRCC build most of the country's railways. This year, 3,000km of high-speed lines would be completed, raising the total to about ...

  5. News - China - ACCIDENT

    Shanghai railway authorities covered up fatal accident: report

    Posted Dec 31st 2013, 12:02pm by SIJIA JIANG

    ... which was widely reported by media outlets, giving rise to national outcry over railway safety standards. Calls to the China Railway Corporation, which operates the country’s railways, were ... Sijia Jiang sijia.jiang@scmp.com Shanghai railway authorities covered up fatal accident-- report A freight train killed 3 railroad workers and injured another two near Ningbo, Zhejiang ...

  6. News - China - HENAN

    Henan villagers 'beaten up by hundreds of rail workers' over land dispute

    Posted Apr 16th 2013, 11:08am by Ernest Kao

    ... of the China Railway Construction Corporation. Prior to 1948, it was part of the People’s Liberation Army Railway Corps No 3 Division. ... the China Railway 13th Bureau at the weekend. The villagers were demonstrating against the bureau, which planned to build a new railway line. They said they were “indiscriminately” attacked ...

  7. Business - Banking & Finance - INVESTMENT

    US exchange-traded funds target China onshore bond market

    Posted Oct 13th 2014, 10:56am by Reuters

    ... and retail investors. Gaining access is no small thing for investors. The government-related bond market is worth about US$3 trillion and China's domestic corporate bond market had grown ... Reuters in New York American firms set to launch exchange-traded funds allowing access to onshore bonds that have been largely closed off to foreigners U.S. funds take aim at China ...

  8. Business - Banking & Finance - INVESTIGATIONS

    UBS helped set up offshore firm for wife, daughter of corrupt railways official, database shows

    Posted Feb 17th 2014, 10:34am by Toh Han Shih

    ... that the wife was selling train parts to China while her husband worked in the railways ministry. Even if there is no corruption, in terms of corporate governance, it's no good," said Raymond ... Toh Han Shih hanshih.toh@scmp.com Swiss bank helped set up secretive offshore company for wife and daughter of convicted railways ministry official, says US group UBS linked to firm ...

  9. News - Hong Kong - TRANSPORT

    Lawmakers clash over high-speed-rail inquiry

    Posted Oct 22nd 2014, 04:06am by TIMMY SUNG

    ... that will investigate a two-year delay in the completion of a high-speed railway to Guangzhou. News that the HK$67 billion project would not open until 2017, instead of next year, sparked anger earlier ... Link, as announced by the government and MTR Corporation Limited on April 15." NeoDemocrat Gary Fan Kwok-wai said the scope of the investigation would be greatly limited if a date ...

  10. Business - Economy - RAIL

    Finance Ministry mulls subsidies for essential 'public rail lines'

    Posted Oct 31st 2012, 12:00am by Toh Han Shih

    ... of the government's recent increased spending on railways to stimulate the economy, the net profit of China Railway Construction Corporation (CRCC) surged 41 per cent to 1.9 billion yuan in the third quarter, while the net profit of China Railway Group soared 67.6 per cent to 1.9 billion yuan. CRCC's new contracts jumped 88.3 per cent to 181.8 billion in the third quarter. ...




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