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  • October 2, 2014
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  1. Business - Companies - THE INTERVIEW

    Honghua prepares to enter offshore equipment market

    Posted Sep 13th 2014, 04:47am by Eric Ng

    ... losses, especially in the semi-submersible offshore rig business. Our competitive advantage is quite apparent. China National Offshore Oil Corp was a strategic investor in Honghua's initial ... upfront, and the rig builders will finance the rest. To manage our risk, we will buy insurance from China Export & Credit Insurance Corp. Since parts supplied by us and by third parties ...

  2. Business - China Business - CORRUPTION

    Chalco vice-chairman Sun Zhaoxue resigns amid graft probe

    Posted Sep 17th 2014, 05:39am by Eric Ng

    ... of state-owned China National Gold Group Corp, the country's top gold miner, in 2006 and also headed the firm's Hong Kong and Canada-listed unit, China Gold International Resources Corp. He ... Eric Ng eric.mpng@scmp.com Chalco vice-chairman resigns amid graft probe Aluminum Corp of China (Chalco), the country's largest smelter of the lightweight industrial metal, said its ...

  3. CNPC offshore oil output rises 11.5pc to record 60.2m tonnes

    Posted Jan 05th 2008, 12:00am by Eric Ng

    ... Eric Ng China National Petroleum Corp (CNPC), the parent of listed PetroChina, has lifted offshore oil output by 11.54 per cent to a record 60.23 million tonnes. However, the increase ... output. Separately, a China Petroleum & Chemical Corp (Sinopec) official said the company was likely to receive a hand-out from the central government to compensate for its refining losses, ...

  4. Business - China Business - FOREIGN INVESTMENT

    China's rivals catching up in investment race in Myanmar

    Posted Jul 21st 2014, 03:18am by Toh Han Shih

    ... billion. The two sectors account for 72 per cent of total investments in the country. Prior to last year, Chinese companies dominated Myanmar's oil and gas sector. China National Petroleum ... Toh Han Shih hanshih.toh@scmp.com China lead under threat as rivals rush to Myanmar Although China remains the biggest foreign investor in Myanmar, investments from other countries ...

  5. $4b battle of the brands a sign of economic health

    Posted Nov 20th 2003, 12:00am by Nailene Chou

    ... Nailene Chou Wiest in Beijing This week's CCTV auction of prime advertising slots for the coming year- a key barometer of mainland consumer spending- raised a record 4.4 billion yuan (HK$4.14 billion), up a third on last year. More than 150 companies bid for slots on Tuesday, half as many again as took part a year ago. China National Petroleum Corp (CNPC) clinched ...

  6. Business - China Business - POWER

    Beijing mulls further power reform

    Posted Sep 30th 2014, 04:32am by Eric Ng

    ... Industry regulator National Development and Reform Commission (NDRC) has begun an industry consultation exercise since July on reform, China Business Journal reported in late July. It quoted ... Power Corp into five national generation firms and two distribution firms. It also set up the State Electricity Regulatory Commission (SERC) independent from the price-setting NDRC at the same ...

  7. Business - Companies - SHIPPING

    Rongsheng Heavy Industries mulls restructuring to improve finances

    Posted Oct 01st 2014, 04:18am by JING YANG

    ... to be taken over by Shanghai Waigaoqiao Shipbuilding (SWS), a subsidiary of state-owned China State Shipbuilding Corp. Both companies declined to comment on the reports. An SWS executive, who asked ... Jing Yang jing.yang@scmp.com Shipbuilder seeks asset valuation as first step towards improving finances Rongsheng mulls restructuring Embattled shipbuilder China Rongsheng Heavy Industries ...

  8. CNPC set to sign deal to buy Malaysian fuel

    Posted Jul 15th 2009, 12:00am by Eric Ng

    ... Eric Ng China National Petroleum Corp (CNPC) is scheduled to sign a multibillion-dollar, 20-year deal today to buy fuel from what is expected to be Malaysia's largest oil refinery, ... in addition to investors from China, Dow Jones reports. A Merapoh source said yesterday the agreement to be signed today would include CNPC's commitment to buy fuel but not an investment ...

  9. News - Hong Kong - OCCUPY CENTRAL

    China warns foreign diplomats in Hong Kong to ‘stay away’ from Occupy Central

    Posted Sep 30th 2014, 06:56pm by James Griffiths

    ... James Griffiths and Patrick Boehler james.griffiths@scmp.com Consulates are advised to keep their nationals away from 'illegal' assemblies Diplomats in Hong Kong have spoken ... China Morning Post. “At present, some radical groups in Hong Kong are staging illegal activities of assembly and "Occupy Central", some acts of violence and legal offenses have ...

  10. Business - Companies - EARNINGS

    Honghua Group unfazed by losses in drilling services

    Posted Aug 25th 2014, 03:34am by Eric Ng

    ... Morning Post. At least six senior executives of PetroChina and its parent firm China National Petroleum Corp have been detained to assist corruption probes and removed from their posts, resulting ... amid a corruption probe at PetroChina. While a new senior management at the nation's largest oil and gas producer might be more cautious when awarding contracts to third-party suppliers ...




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