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  • August 30, 2014
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  1. Slow progress in probe on minibonds

    Posted Sep 15th 2010, 12:00am by Dennis Eng

    ... Dennis Eng It will be another two years before a Legislative Council panel investigating the Lehman Brothers minibond debacle winds up its inquiry. With more testimony scheduled from bank executives and frontline staff, the Legco probe will not be wrapped ...

  2. First banker to testify in Lehman inquiry defends minibond sales

    Posted Apr 17th 2010, 12:00am by Dennis Eng

    ... Dennis Eng The first executive from one of the 19 banks that sold Lehman Brothers minibonds defended the sales procedures when she gave evidence yesterday before the Legco subcommittee investigating the debacle. Amy Yip Yok-tak, chief executive of DBS Ban ...

  3. Akai saga ends with 'US$100m payout'

    Posted Oct 06th 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick Almost a decade after the spectacular collapse of Hong Kong electronics conglomerate Akai, the saga has ended with the failed firm's liquidators securing a major moral and financial victory for its creditors. Hong Kong tycoon Christophe ...

  4. Movers shaken by supply chain woes

    Posted Jun 10th 2009, 12:00am by Toh Han Shih

    ... Toh Han Shih The complex network of companies that transports China Inc's products from factory floor to the rest of the world has been dealt a body blow by the global financial crisis. A growing number of logistics firms on the mainland and in Hong Kong face delinquent payments, bad debts and even bankruptcy as shipments dry up and factories close their doors. Nick Chow, ...

  5. Opportunities amid gloom

    Posted Jun 20th 2009, 12:00am by Andrea Li

    ... Andrea Li Organisations hiring in today's economic climate are taking advantage of the shrinking recruitment market. They recognise that there are bright patches of opportunity, even amid the negative economic headlines that highlight layoffs, cutbac ...

  6. Linguaphone's HK branch folds, hitting 500 students

    Posted Jan 17th 2009, 12:00am by Amy Nip, Martin Wong

    ... Martin Wong and Amy Nip Language institute files for liquidation with loss of 20 jobs Linguaphone, a leading language institute in the city, folded yesterday after it filed for liquidation, with about 20 workers losing their jobs and 500 students affected ...

  7. Crowds cart away outsized bargains at electronics chain's liquidation sale

    Posted Nov 16th 2008, 12:00am by Staff Reporter

    ... Joshua But If you fancy cooking rice while shaving in front of a 50-inch television screen, and you have a ticket for Tai Lin Radio Services' fire sale, you may still be in luck today. But if you had your eyes on anything else, you are probably too l ...

  8. 'Enough vacancies for sacked U-Right staff'

    Posted Oct 13th 2008, 12:00am by Peter So

    ... Peter So There are enough vacancies in the job market to absorb the hundreds of staff sacked by the bankrupt U-Right chain of garment outlets, the Labour Department said yesterday. Some employers have told the department they would give priority to hiring ...

  9. When their worlds turned upside down a year ago

    Posted Sep 14th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu Tomorrow marks the first anniversary of the day that United States investment bank Lehman Brothers Holdings filed for bankruptcy and triggered a mass upheaval among its staff ... Even after the bankruptcy filing, Hong Kong staff continued to report for work at International Finance Centre Tower to find out what was going on. Within a week, they learned Japan's ...

  10. Government takes over insurer in forgery case

    Posted May 06th 2009, 12:00am by Paggie Leung, Peter So

    ... Paggie Leung and Peter So The government has appointed managers to take over running an insurance company suspected of forging receipts and at risk of going bust. The firm is thought to have insured nearly half the city's taxi owners. Commissioner of ...




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