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  • April 21, 2014
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  1. News - Hong Kong - LABOUR

    Fast-track plan to hire foreign workers for construction projects after rail link delay

    Posted Apr 18th 2014, 11:40pm by Tanna Chong and Shirley Zhao

    ... Tanna Chong and Shirley Zhao Government will consider directly importing labour for selected construction projects after manpower shortages hit high-speed railway Fast-track plan ... by even more. "The importation will be conducted in a project-by-project approach to alleviate the impact of labour shortages on the progress of construction," said the official. ...

    http://www.scmp.com/news/hong-kong/article/1487667/government-consider-directly-importing-foreign-workers-selected
  2. Property - Hong Kong & China - CONSTRUCTION

    Construction boom doesn’t guarantee high profits for builders, Chun Wo’s bosses say

    Posted Apr 15th 2014, 03:18pm by Yvonne Liu

    ... in construction in Hong Kong, keen competition is keeping profit margins for builders low, which leaves Chun Wo Development seeking a fresh survival strategy. Dominic Pang Yat-ting, chairman of Chun Wo, one of the city's biggest construction firms, said: "We will undertake a two-pronged expansion through our property development and construction businesses. "We want to find one ...

    http://www.scmp.com/property/hong-kong-china/article/1476026/construction-boom-doesnt-guarantee-high-profits-builders
  3. Property - Hong Kong & China - C-SUITE

    Construction is developer Chun Wo’s bread and butter

    Posted Apr 15th 2014, 01:56pm by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Chun Wo Development has become one of Hong Kong's largest construction firms, but it still has to grapple with soaring costs and domination of large developers, the two brothers in charge say Chun Wo Development was founded by the late Pang Kam-chun in 1968. It has grown to become one of the largest construction companies in Hong Kong and expanded ...

    http://www.scmp.com/property/hong-kong-china/article/1482832/construction-developer-chun-wos-bread-and-butter
  4. News - China - DIPLOMACY

    China will play 'constructive role in Middle East', Xi Jinping tells visiting Israeli President Shimon Peres

    Posted Apr 08th 2014, 03:40pm by Staff Reporters

    ... Staff Reporters Iran's nuclear programme and stalled peace talks with Palestinians likely to be discussed during visit of 91-year-old Israeli president Xi pledges 'constructive Middle East role' to Peres President Xi Jinping pledged China would continue to play a constructive role in the Middle East peace talks, as he received visiting Israeli President Shimon ...

    http://www.scmp.com/news/china/article/1469163/shalom-china-israeli-president-91-arrives-beijing-official-visit-budding
  5. News - China - AIR POLLUTION

    Dust busters: Beijing to require cameras at construction sites for stricter smog policing

    Posted Apr 07th 2014, 11:01am by Staff Reporter

    ... Staff Reporter Municipal government zooms in on builders with latest anti-pollution measures Construction sites in Beijing will come under closer scrutiny as the municipal government seeks to determine how much they contribute to rampant smog. Cameras will be installed to monitor the sites by the end of June and all construction firms must use “fully enclosed” vehicles to carry gravel, ...

    http://www.scmp.com/news/china/article/1466871/dust-busters-beijing-require-cameras-construction-sites-stricter-smog
  6. Business - Banking & Finance - DEBT

    China Construction Bank eyes issue of 20b yuan of subordinate debt

    Posted Apr 01st 2014, 01:20am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Construction Bank eyes preference share issue China Construction Bank plans to issue 20 billion yuan (HK$25.2 billion) of subordinate debt on the mainland ... gross domestic product this year to grow by 7.7 per cent like last year. Construction Bank's total loans grew 14.3 per cent last year. Wang said he expected similar growth this year. ...

    http://www.scmp.com/business/banking-finance/article/1462065/china-construction-bank-eyes-issue-20b-yuan-subordinate
  7. Property - Hong Kong & China - EARNINGS

    Nan Fung finds ways to reduce construction costs

    Posted Apr 01st 2014, 02:49pm by Yvonne Liu

    ... ways to keep profit margins Facing soaring construction costs and falling property prices, Nan Fung Development has had to adopt new strategies to maintain its profit margins. Donald Choi Wun-hing, the company's managing director, said: "Construction costs have surged from HK$1,000 to at least HK$3,000 to HK$4,000 per square foot over the past few years. "About 50 per ...

    http://www.scmp.com/property/hong-kong-china/article/1459223/nan-fung-finds-ways-reduce-construction-costs
  8. Business - Banking & Finance - EARNINGS

    Construction Bank profit grows 11pc on interest income and cost controls

    Posted Mar 31st 2014, 05:27am by Zhang Hong

    ... Zhang Hong in Beijing hong.zhang@scmp.com Interest income boosts CCB profit 11pc China Construction Bank, the mainland's second-biggest bank by assets, recorded an 11 per cent gain ... in the world, also beat estimates when they released their fourth-quarter earnings last week. Shares of Construction Bank have declined 8.4 per cent this year in Hong Kong, compared with the benchmark ...

    http://www.scmp.com/business/banking-finance/article/1461184/construction-bank-profit-grows-11pc-interest-income-and
  9. Property - Hong Kong & China - CONSTRUCTION

    Skilled workers in short supply in Hong Kong's construction industry

    Posted Mar 18th 2014, 11:56am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Hong Kong faces a shortage of skilled workers in the construction sector, with projects in Macau and mainland drawing workers away Staff crunch amid building ... in Hong Kong's construction industry. "Hong Kong property and construction talent relocating to China and Macau is an increasing trend, and this should continue," said Christopher ...

    http://www.scmp.com/property/hong-kong-china/article/1451437/skilled-workers-short-supply-construction-industry
  10. News - China - SOCIETY

    Migrant construction workers 'the lowest of the low'

    Posted Mar 17th 2014, 04:24am by Jennifer Ngo

    ... Jennifer Ngo in Hebei jennifer.ngo@scmp.com Construction workers 'the lowest of the low' Liu Xiwu, 53, first left his home in Hebei when he was 18 years old, to help build railway tracks in Beijing. Now, over 30 years later, Liu continues to leave home for any city hiring construction workers, joining 40 million other migrant builders flooding into cities ...

    http://www.scmp.com/news/china/article/1450122/migrant-construction-workers-lowest-low

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