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  1. Race to win hearts and minds

    Posted Sep 26th 2008, 12:00am by Tiffany Wong

    ... Financial institutions are learning to raise productivity levels by shedding their conservative practices, writes Tiffany Wong Higher staff turnover is forcing banks and insurance companies to shed their conservative image. Their human resources departmen ...

  2. China Resources to sell HK$3.8b piped-gas assets to CR Logic

    Posted Aug 22nd 2008, 12:00am by Denise Tsang

    ... Denise Tsang State-owned conglomerate China Resources Holdings will sell a portfolio of seven piped-gas projects to Hong Kong-listed China Resources Logic for HK$3.81 billion in an attempt to shore up the profit-challenged subsidiary. In a surprise announ ...

  3. Central banker quiet on his year-end bonus

    Posted Nov 22nd 2008, 12:00am by Staff Reporter

    ... Albert Wong One of the best paid central bankers in the world yesterday refused to comment on whether he should keep taking his end-of-year bonuses. Joseph Yam Chi-kwong, chief executive ... to HK$2.74 million, according to the authority's annual report. The overall pay rise was a higher percentage than the increases in the base and bonus because his fixed pay, even though it rose ...

  4. Investment bank staff face big bonus cuts

    Posted Dec 04th 2008, 12:00am by Staff Reporter

    ... Wong Ka-chun and Tim LeeMaster Investment banks are planning big cuts in their year-end bonuses. Merrill Lynch, which is being acquired by Bank of America Corp, planned to cut year-end bonuses by half or even more because of stalled capital markets and poor annual earnings, sources said. An insider at the investment bank said bonuses in some divisions might be down 50 per cent ...

  5. Days of the seven-digit bonus are far from over

    Posted Nov 16th 2008, 12:00am by Jane Moir

    ... of the country's banks, taxpayers are up in arms over the sums of money expected to flow to bankers as the City enters bonus season. Underscoring this discontent is tabloid-fuelled discontent with executive excesses. As the British economy heads towards recession and the financial crisis shatters confidence, the public is baying for blood. Bonus-flush bankers are an easy target. Yet despite ...

  6. Airport strike looms over bonuses

    Posted Dec 26th 2008, 12:00am by Staff Reporter

    ... rise next year but cut bonuses. The workers said the company plan was unacceptable because it would reduce their annual pay by about 7 per cent. They threatened to strike if the company refused to reverse its decision. At the centre of the saga is a recent decision by Hong Kong Airport Services to halve the annual bonus for more than 3,000 workers. The firm blamed the global economic ...

  7. Baptist Hospital staff will get annual bonuses, says management

    Posted Oct 29th 2008, 12:00am by Staff Reporter

    ... Loretta Fong Hong Kong Baptist Hospital staff will still receive their annual bonuses despite management expecting a 30 per cent fall in the occupancy rate next year. Raymond Chen Chung-i, the hospital's chief executive, said the board had decided to hand out bonuses to staff this year because the hospital had made a profit with an 80 per cent occupancy rate. But the hospital has yet ...

  8. Property giant has no plans to cut staff, bonuses

    Posted Nov 21st 2008, 12:00am by Sandy Li

    ... Sandy Li Sun Hung Kai Properties, Hong Kong's second-largest developer, says it has no plans for layoffs and staff will receive their year-end double pay and bonus next month. Asked if the firm would cut staff bonuses, vice-chairman and managing director Thomas Kwok Ping-kwong said: 'I hope not, as I will get it as well.' The group has a workforce of about 30,000. ...

  9. Smaller pay rises, slimmer bonuses loom

    Posted Oct 15th 2008, 12:00am by Dennis Eng, Martin Wong

    ... Martin Wong and Dennis Eng Employees, especially those in banking and finance, are bracing for smaller pay rises and slimmer bonuses- but at least they still have jobs. Despite the global financial crisis, employment prospects appear undimmed. A source at a fund management firm said staff were prepared for less generous year-end bonuses. Annual pay rises, which are based on company ...

  10. HKEx to pay bonus and spare the axe

    Posted Nov 15th 2008, 12:00am by Staff Reporter

    ... Maria Chan Hong Kong Exchanges and Clearing, the operator of Asia's second-largest stock market, is likely to pay staff bonuses this year even though other financial institutions ... trim its headcount next year. He said the exchange could continue to pay some bonuses to staff, as results for this year would be comparable to last year. The firm's employee pay package ...




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