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  1. Asia Financial hard hit by disasters, investments

    Posted Mar 03rd 2012, 12:00am

    ... May Chan may.chan@scmp.com Asia Financial plunged into the red last year following heavy insurance payouts to natural disaster victims and an investment loss caused by the downturn ... and Thailand, resulted in a substantial fall in profit for the insurance business, the company said in its results announcement. Income from other investments including securities and bonds dropped ...

  2. Escalator was safe, MTR Corp insists

    Posted Jul 12th 2011, 12:00am

    ... Daily, reported that four people fell over and were injured when the ascending CNIM escalator- a French brand made on the mainland- reversed direction and shook. But MTR Corp (Shenzhen) said ... circuit cameras were not directly facing the escalator, it was still unclear what happened. 'During the whole incident, the escalator showed no sign of reversing,' MTR Corp (Shenzhen) ...

  3. News - China - CHINA DIGEST

    China Digest, May 1, 2013

    Posted May 01st 2013, 12:00am

    ... such as plastics and methanol, the Ningxia Daily reports. The government said the firm promised to create more than 13,000 jobs and inject 2 billion yuan of the total investment into environment-protection ... that were exported to Islamic countries such as Pakistan and Afghanistan last year. The company's owner attributed their rapid business expansion in recent years to loans from China ...

  4. Fengfeng to invest 5b yuan in Hebei coal project

    Posted Feb 16th 2008, 12:00am by Eric Ng

    ... Eric Ng State-backed medium-sized coal miner Fengfeng Group is to invest five billion yuan in its third coking coal and coal-to-chemical project in its home province of Hebei. ... of coal tar oil, according to a China Enterprise News report posted on Fengfeng's website. Coking coal is used in steel smelting, while methanol is used as a fuel and an industrial chemical. ...

  5. New MTR line will have no drivers

    Posted Apr 17th 2012, 12:00am

    ... Adrian Wan adrian.wan@scmp.com Driverless trains like those serving Disneyland will transport passengers along the new South Island line when it opens in 2015. The MTR Corp announcement ... compared to up to 45 minutes by road during rush hour. The trains were ordered from Chinese manufacturer Changchun Railway Vehicles, a subsidiary of state-owned China CNR Corporation, ...

  6. Stocks shaken amid rail safety fears

    Posted Jul 26th 2011, 12:00am

    ... increasingly shaky. The Shanghai Composite Index fell nearly 3 per cent, the most in six months, before closing at 2,688.746 points. CSR Corp and China CNR Corp, the nation's biggest train makers, ... ordered a two-month safety inspection of the network. Real estate developers slid as Credit Suisse said the accident may dampen demand for property in cities along new railway lines. China Vanke, ...

  7. Nasa chief backs China-US teamwork

    Posted Nov 05th 2011, 12:00am

    ... Staff Reporter China and the United States could work together in space science and exploration, Nasa chief Charlie Bolden says, according to Space.com. Collaboration in space could help ... China launched its unmanned Shenzhou VIII space vessel. Two days later, China successfully performed its first remote orbital docking between Shenzhou 8 and the experimental satellite Tiangong ...

  8. MTR Corp to hire 80 more station guards

    Posted Apr 30th 2008, 12:00am by Peter So

    ... Peter So The MTR Corporation will employ 80 more staff from next month to enhance platform safety after it found a quarter of accidents involving screen doors happened in the evening rush hour. Of 44 accidents reported in the first quarter this year, 27 per cent occurred between 5pm and 7pm during work days. The MTR Corp, which now has 700 platform assistants, said most cases ...

  9. Wenzhou rail company wins Georgia contract

    Posted Aug 05th 2011, 12:00am

    ... China Railway Construction Corp yesterday won the bid for a railway upgrade project in Georgia, according to the Hong Kong stock exchange. The project is worth 2.19 billion yuan (HK$2.65 billion) CRCC helped build the Wenzhou high-speed-rail line, site of the recent fatal crash. Its stock price has since fallen from HK$5.85 to HK$4.49. ...

  10. China Coal expands into power generation

    Posted Nov 03rd 2011, 12:00am

    ... companies have agreed to set up China Power Shentou Power Generating, a joint venture with 4.98 billion yuan (HK$6.08 billion) of investment. The new entity will be 80 per cent owned by CPID and 20 ... Eric Ng eric.mpng@scmp.com China Coal Energy, the listed unit of the nation's second-largest coal producer, has formed a joint venture with customer China Power International ...




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