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  • October 25, 2014
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  1. Railway deal derails Malaysia's Asian business relations

    Posted Nov 12th 2003, 12:00am by Baradan Kuppusamy

    ... of intent to the Indian Railway Construction Co (Ircon) and China Railway Engineering Corp (CREC), inviting bids that started at M$42 billion but were progressively reduced over 16 months ... Mahathir Mohamad five years ago. But his latest triumph in securing a M$14.5 billion (HK$29 billion) railway deal has reignited claims of cronyism over the tendering process for Malaysia's top ...

  2. Railway property rights

    Posted Jul 31st 2003, 12:00am by Staff Reporter

    ... The Mass Transit Railway Corporation's claim that 'Our property-based business model has served Hong Kong well in the last 28 years' (July 29) is questionable. One wonders ... for all other housing. The MTRC, like the Kowloon-Canton Railway Corporation, should give up property development rights. JOHN YUAN, Shanghai ...

  3. Worksite noise

    Posted Sep 07th 2003, 12:00am by Staff Reporter

    ... I refer to the letter headlined 'Noise hazard' (Sunday Morning Post, August 24). The Kowloon-Canton Railway Corporation has been entrusted by the government to build the subway ... it is intimidating and unfair to those litigants who represent themselves. Recently I read in the South China Morning Post that about half of all civil cases in Hong Kong involve litigants who represent ...

  4. Executive powers corporate wheels in ride to the top

    Posted Jul 05th 2003, 12:00am by Eric Ng

    ... started his career at the age of 16. Mr Peng is country chairman for Caltex Companies (Greater China). After spending 15 years with Yanshan refinery and China Petrochemical - parent of listed ... Like some of his peers, Mr Peng returned to China to further his career with an international firm after working for two years for oil firms in the United States. But as China ...

  5. Yunnan is loaned US$400m to build railway line and roads

    Posted Sep 19th 2003, 12:00am by Staff Reporter

    ... The Asian Development Bank is to loan US$400 million to Yunnan to build a rail line and roads to help foster southwest China's ties with its neighbours in the Mekong river basin. It will provide US$250million to build the Western Yunnan Expressway to Myanmar and $150 million for a railway linking the resort towns of Dali and Lijiang. With the decision, announced yesterday, the ADB ...

  6. A century in photographs

    Posted Sep 07th 2003, 12:00am by Staff Reporter

    ... and East Kowloon. In 1973, the Mass Transit Railway Corporation (MTRC) was established, and in November 1975 construction began with the Kwun Tong line, which would dive from Central under Victoria ... South China Morning Post photographers have raced to capture Hong Kong's defining moments in the years since the newspaper hit the streets. In this, the publication's centenary ...

  7. Why rail restructuring has been shunted into a siding

    Posted Aug 04th 2003, 12:00am by Staff Reporter

    ... Sometimes, a successful small reform can make big reforms that much harder. That is what has happened at China's Ministry of Railways. The rail system is one of the few remaining state-owned enterprises that is run in the old-fashioned way, directly by a ministry, rather than through a corporate entity. It is also one of the biggest state-owned enterprises, with annual revenue ...

  8. Extend reforms to corporate bond market

    Posted Dec 03rd 2003, 12:00am by Staff Reporter

    ... in 1997, but it is still relatively small change. According to the People's Bank of China, corporate bonds are dwindling in importance, falling to 4.3 per cent of outstanding bonds last year ... tolls, killing a key source of revenue. More important, the People's Bank of China retains strict control over interest rates for corporate bonds, and is hesitant to allow higher interest ...

  9. China tax figures don't add up

    Posted Sep 14th 2003, 12:00am by Ray Cheung

    ... Tobacco Corporation Yunnan, 8.41 billion China Development Bank Beijing, 7.72 billion People's Republic of China Ministry of Railways Beijing, 6.15 billion ... of 1.24 billion yuan (HK$1.17 billion) to the nation's treasury last year. By comparison, the top two state-owned firms, The Daqing Oil Field Corporation and China National Petroleum ...

  10. HK has Asia's best corporate governors

    Posted Sep 25th 2003, 12:00am by Enoch Yiu

    ... that 59 per cent of them considered Hong Kong's listed companies to have substantially better corporate governance standards than their counterparts in China. 'People still think that there is large gap between the corporate governance standards of Hong Kong and China and this is a competitive advantage for Hong Kong,' said Ali Chaudhry, divisional director of Jardine Lloyd ...




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